Across the recent three months, 12 analysts have shared their insights on Waste Management WM, expressing a variety of opinions spanning from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 3 | 4 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 4 | 2 | 4 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
Analysts have recently evaluated Waste Management and provided 12-month price targets. The average target is $208.08, accompanied by a high estimate of $256.00 and a low estimate of $178.00. This upward trend is apparent, with the current average reflecting a 8.9% increase from the previous average price target of $191.08.
Diving into Analyst Ratings: An In-Depth Exploration
The standing of Waste Management among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Stephanie Moore | Jefferies | Raises | Buy | $256.00 | $230.00 |
| Bryan Burgmeier | Citigroup | Raises | Buy | $226.00 | $215.00 |
| Stephanie Yee | JP Morgan | Raises | Neutral | $197.00 | $165.00 |
| Devin Dodge | BMO Capital | Raises | Outperform | $178.00 | $166.00 |
| Devin Dodge | BMO Capital | Raises | Market Perform | $196.00 | $184.00 |
| Noah Kaye | Oppenheimer | Raises | Outperform | $212.00 | $188.00 |
| Walter Spracklin | RBC Capital | Raises | Sector Perform | $189.00 | $163.00 |
| Michael Hoffman | Stifel | Raises | Buy | $215.00 | $190.00 |
| Tobey Sommer | Truist Securities | Raises | Buy | $220.00 | $215.00 |
| Jon Windham | UBS | Raises | Neutral | $205.00 | $190.00 |
| Bryan Burgmeier | Citigroup | Raises | Buy | $215.00 | $203.00 |
| Noah Kaye | Oppenheimer | Raises | Outperform | $188.00 | $184.00 |
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: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey 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.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Waste Management's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Waste Management analyst ratings.
Unveiling the Story Behind Waste Management
WM ranks as the largest integrated provider of traditional solid waste services in the United States, operating 259 active landfills and about 337 transfer stations. The company serves residential, commercial, and industrial end markets and is also a leading recycler in North America.
Waste Management: Financial Performance Dissected
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Over the 3 months period, Waste Management showcased positive performance, achieving a revenue growth rate of 5.71% as of 31 December, 2023. This reflects 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: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 9.45%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Waste Management's ROE excels beyond industry benchmarks, reaching 7.12%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Waste Management's ROA stands out, surpassing industry averages. With an impressive ROA of 1.52%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Waste Management's debt-to-equity ratio is notably higher than the industry average. With a ratio of 2.35, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
How Are Analyst Ratings Determined?
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.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
