Scotiabank Reiterates “Sector Perform” Rating for Waste Management (NYSE:WM)

Waste Management (NYSE:WM)‘s stock had its “sector perform” rating reaffirmed by Scotiabank in a research report issued on Wednesday, MarketBeat Ratings reports. They presently have a $250.00 price target on the business services provider’s stock, down from their previous price target of $254.00. Scotiabank’s price objective indicates a potential upside of 9.15% from the company’s previous close.

Other research analysts have also issued reports about the stock. Royal Bank Of Canada reduced their price objective on shares of Waste Management from $234.00 to $223.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 29th. Citigroup decreased their price objective on Waste Management from $270.00 to $263.00 and set a “buy” rating on the stock in a report on Friday, January 16th. Oppenheimer increased their target price on Waste Management from $262.00 to $263.00 and gave the company an “outperform” rating in a report on Tuesday, December 16th. Barclays decreased their price objective on shares of Waste Management from $266.00 to $265.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, The Goldman Sachs Group assumed coverage on shares of Waste Management in a report on Monday, November 24th. They set a “buy” rating and a $256.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and a consensus price target of $250.81.

Waste Management Trading Up 1.1%

NYSE:WM opened at $229.05 on Wednesday. Waste Management has a 52 week low of $194.11 and a 52 week high of $242.58. The firm has a 50-day moving average price of $217.45 and a two-hundred day moving average price of $219.20. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.80 and a current ratio of 0.84. The firm has a market cap of $92.28 billion, a price-to-earnings ratio of 36.07, a price-to-earnings-growth ratio of 2.54 and a beta of 0.59.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Monday, October 27th. The business services provider reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The company had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.51 billion. During the same period last year, the firm posted $1.96 EPS. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. On average, equities analysts expect that Waste Management will post 7.7 earnings per share for the current fiscal year.

Insider Activity at Waste Management

In other Waste Management news, SVP Rafael Carrasco sold 1,380 shares of Waste Management stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $217.06, for a total value of $299,542.80. Following the completion of the transaction, the senior vice president directly owned 15,540 shares of the company’s stock, valued at $3,373,112.40. This trade represents a 8.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.18% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in WM. Cornerstone Planning Group LLC raised its stake in shares of Waste Management by 101.5% during the third quarter. Cornerstone Planning Group LLC now owns 133 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 67 shares in the last quarter. JPL Wealth Management LLC purchased a new position in shares of Waste Management during the third quarter valued at $30,000. Kelleher Financial Advisors purchased a new stake in Waste Management in the fourth quarter worth about $31,000. Loomis Sayles & Co. L P bought a new position in Waste Management during the 2nd quarter worth about $40,000. Finally, Holos Integrated Wealth LLC purchased a new position in Waste Management during the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

More Waste Management News

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: Institutional order-flow analytics flagged a “Power Inflow” trading signal for WM, sparking intraday buying that pushed the stock to new session highs — a short-term technical catalyst for momentum traders. Waste Management Shares Hit Intraday High After Key Trading Signal
• Positive Sentiment: Zacks noted WM outperformed a broader market upswing in the most recent session, highlighting ongoing investor appetite for defensive, cash-generative names amid mixed macro headlines. Waste Management (WM) Beats Stock Market Upswing: What Investors Need to Know
• Positive Sentiment: Coverage arguing WM can responsibly manage its debt and sustain free cash flow provides a fundamental tailwind for longer-term investors who value balance-sheet stability. Here’s Why Waste Management (NYSE:WM) Can Manage Its Debt Responsibly
• Neutral Sentiment: Sector pieces and analyst roundups (TipRanks, Globe and Mail, MSN recap) are discussing recycling tailwinds and peers; useful context but not single-handedly market-moving. Waste Management Stocks WM, RSG, and WCN Look to Turn Trash Into Treasure
• Neutral Sentiment: Zacks preview of upcoming earnings flags revenue growth but says WM may lack the mix to easily beat consensus — a caution that keeps upside tied to execution vs. surprise results. Waste Management (WM) Earnings Expected to Grow: Should You Buy?
• Negative Sentiment: Scotiabank reportedly downgraded WM (coverage note), which adds selling pressure and reduces conviction among some institutional holders. Scotiabank downgrades Waste Management (WM)
• Negative Sentiment: Barclays issued a pessimistic forecast for WM’s share price, creating another analyst-driven headwind that caps near-term upside until guidance or results shift the story. Barclays Issues Pessimistic Forecast for Waste Management (NYSE:WM) Stock Price

About Waste Management

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.