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

Disclaimer:

The information provided in this monthly report is for informational purposes only and should not be construed as financial, investment, or trading advice. AltStation.io does not guarantee the accuracy, completeness, or timeliness of the data and analyses presented. The content is based on publicly available information, and while we strive to ensure its accuracy, errors and omissions may occur.

Investing in stocks, cryptocurrencies, and other financial instruments involves significant risk, including the potential loss of principal. Past performance is not indicative of future results. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. AltStation.io and its affiliates are not responsible for any losses incurred as a result of using this report.

By using this report, you acknowledge that you understand and accept these terms.