Waste Management (NYSE:WM) Price Target Raised to $260.00

Waste Management (NYSE:WM) had its target price upped by Scotiabank from $250.00 to $260.00 in a report released on Thursday morning,Benzinga reports. Scotiabank currently has a sector perform rating on the business services provider’s stock.

Other equities research analysts have also issued reports about the company. Weiss Ratings lowered Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. TD Cowen increased their price target on shares of Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. raised their price target on shares of Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. Royal Bank Of Canada boosted their price objective on shares of Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. Finally, Canadian Imperial Bank of Commerce upgraded shares of Waste Management from a “hold” rating to an “outperformer” rating and set a $244.00 target price for the company in a research report on Tuesday, July 7th. Sixteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and an average target price of $256.70.

Waste Management Price Performance

Shares of NYSE:WM opened at $239.50 on Thursday. The company’s fifty day moving average is $222.20 and its two-hundred day moving average is $226.50. The company has a market cap of $96.18 billion, a P/E ratio of 34.66, a price-to-earnings-growth ratio of 2.91 and a beta of 0.44. Waste Management has a 12-month low of $194.11 and a 12-month high of $248.13. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22.

Waste Management (NYSE:WM) last issued its earnings results on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.75 by $0.06. The business had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6.28 billion. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.Waste Management’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.67 earnings per share. Equities analysts expect that Waste Management will post 8.16 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were issued a $0.945 dividend. The ex-dividend date was Friday, June 5th. This represents a $3.78 dividend on an annualized basis and a yield of 1.6%. Waste Management’s dividend payout ratio is currently 54.70%.

Institutional Trading of Waste Management

A number of institutional investors have recently added to or reduced their stakes in WM. Elevated Capital Advisors LLC bought a new stake in Waste Management in the fourth quarter worth $25,000. RHL Group LLC acquired a new stake in shares of Waste Management in the fourth quarter worth about $29,000. Financial Network Wealth Advisors LLC boosted its stake in shares of Waste Management by 55.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock worth $29,000 after acquiring an additional 47 shares in the last quarter. Mcguire Capital Advisors Inc. bought a new stake in shares of Waste Management during the 4th quarter worth about $29,000. Finally, JPL Wealth Management LLC acquired a new position in shares of Waste Management during the 3rd quarter valued at about $30,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Waste Management

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

• Positive Sentiment: Scotiabank raised Waste Management’s price target to $260 from $250, suggesting continued upside potential despite maintaining a “sector perform” view.
• Positive Sentiment: Analyst commentary highlighted WM’s strong waste collection network, pricing power, and acquisition strategy as supports for growth and margins.
• Neutral Sentiment: Erste Group Bank trimmed its FY2026 EPS estimate to $8.16 from $8.17, a very small revision that matches the current consensus estimate.
• Neutral Sentiment: Erste Group also nudged FY2027 EPS down to $9.20 from $9.23, another modest cut that does not materially change the long-term earnings outlook.
• Negative Sentiment: Analyst notes pointed to WM’s high debt load and slower stock momentum as ongoing concerns that could weigh on investor sentiment.

Waste Management Company Profile

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.