In the preceding three months, 13 analysts have released ratings for Waste Management (NYSE:WM), presenting a wide array of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 2 | 6 | 0 | 0 |
| Last 30D | 0 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 3 | 2 | 5 | 0 | 0 |
| 3M Ago | 1 | 0 | 1 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $226.92, a high estimate of $256.00, and a low estimate of $211.00. Surpassing the previous average price target of $212.92, the current average has increased by 6.58%.
Understanding Analyst Ratings: A Comprehensive Breakdown
The analysis of recent analyst actions sheds light on the perception of Waste Management by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Faiza Alwy | Deutsche Bank | Announces | Buy | $241.00 | - |
| David Manthey | Baird | Raises | Neutral | $222.00 | $214.00 |
| Kevin Chiang | CIBC | Raises | Neutral | $220.00 | $207.00 |
| James Schumm | TD Cowen | Raises | Buy | $235.00 | $220.00 |
| Devin Dodge | BMO Capital | Raises | Market Perform | $212.00 | $207.00 |
| Noah Kaye | Oppenheimer | Raises | Outperform | $228.00 | $221.00 |
| Patrick Tyler Brown | Raymond James | Raises | Outperform | $229.00 | $219.00 |
| Jeffrey Goldstein | Morgan Stanley | Raises | Equal-Weight | $214.00 | $202.00 |
| Tobey Sommer | Truist Securities | Raises | Buy | $240.00 | $220.00 |
| Michael Hoffman | Stifel | Raises | Buy | $227.00 | $215.00 |
| Walter Spracklin | RBC Capital | Raises | Sector Perform | $215.00 | $211.00 |
| Walter Spracklin | RBC Capital | Raises | Sector Perform | $211.00 | $189.00 |
| Stephanie Moore | Jefferies | Raises | Buy | $256.00 | $230.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Waste Management. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Waste Management compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Waste Management's stock. This comparison reveals trends in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Waste Management's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Waste Management analyst ratings.
All You Need to Know About Waste Management
WM ranks as the largest integrated provider of traditional solid waste services in the United States, operating 263 active landfills and about 332 transfer stations. The company serves residential, commercial, and industrial end markets and is also a leading recycler in North America.
Waste Management: Delving into Financials
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Waste Management's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 5.46%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: Waste Management's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 13.72%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 10.13%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Waste Management's ROA stands out, surpassing industry averages. With an impressive ROA of 2.16%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 2.27, caution is advised due to increased financial risk.
The Basics of Analyst Ratings
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.