Waste Management, Inc. (WM) Monthly Stock Overview
Publication Date: September 22, 2024
Company Overview
Waste Management, Inc. (WM), based in Houston, Texas, stands as a leading provider of environmental solutions within the waste management sector across the U.S. and Canada. Established in 1968, WM currently operates 254 solid waste landfills, five secure hazardous waste landfills, 97 material recovery facilities (MRFs), and 337 transfer stations as of December 31, 2022. Specializing in recycling for materials such as cardboard, metals, and plastics, the company also offers consulting and in-plant waste management services. As part of the Industrials sector and the Environmental & Facilities Services sub-industry, WM presents a compelling investment opportunity.
Financial Performance and Analyst Recommendations
The Waste Management industry has displayed significant potential, with WM reporting a total revenue of approximately $20.98 billion. Analysts remain positive about the company’s growth trajectory, with a “buy” recommendation and a projected high target price of $251.00, indicating considerable upside for investors. Currently, WM has 401,315,008 shares outstanding, with only 3,103,395 shares (0.0077% of the float) shorted, reflecting strong investor confidence.
The current price per share is $204.10, while analysts estimate a mean target price of $225.85, suggesting further appreciation potential within the stock. Despite the absence of EBITDA data limiting operational profitability assessment, solid revenue figures indicate a favorable investment landscape.
Market Trends and Performance Metrics
WM’s stock performance metrics point toward a bullish outlook, with price targets ranging from a low of $204.00 to a high of $251.00 and a calculated median price of $222.13. The stock’s current price sits below its 50-day moving average of $208.568, which may indicate short-term weakness. Over the past year, WM has faced considerable volatility, with a 52-week high of $225.00 and a low of $149.71. Such dynamics underline the necessity for investors to weigh risks against potential recovery opportunities.
In summary, Waste Management, Inc. embodies a resilient investment choice in the eco-conscious waste management sector, supported by robust financial health and analyst optimism regarding future growth.
| Metric | Value |
|---|---|
| Market Cap | $81.9b |
| Total Debt | $16.7b |
| Total Cash | $950.0m |
| Shares Outstanding | 401.3m |
| Float Shares | 400.2m |
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