Waste Management – Consensus Indicates Potential 8.2% Upside

Broker Ratings

Waste Management which can be found using ticker (WM) have now 16 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The range between the high target price and low target price is between 196 and 151 calculating the average target price we see $168.31. Given that the stocks previous close was at $155.61 and the analysts are correct then we can expect a percentage increase in value of 8.2%. The 50 day moving average now sits at $152.50 and the 200 day MA is $159.04. The total market capitalization for the company now stands at $63,513m. Company Website: https://www.wm.com

The potential market cap would be $68,696m based on the market consensus.

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Waste Management, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity. As of December 31, 2022, the company owned or operated 254 solid waste landfills, five secure hazardous waste landfills, 97 MRFs, and 337 transfer stations. It also provides materials processing and commodities recycling services at its MRFs, where cardboard, paper, glass, metals, plastics, construction and demolition materials, and other recycling commodities are recovered for resale or redirected for other purposes; recycling brokerage services, such as managing the marketing of recyclable materials for third parties; and other strategic business solutions. In addition, the company offers construction and remediation services; services related with the disposal of fly ash, and residue generated from the combustion of coal and other fuel stocks; in-plant services comprising full-service waste management solutions and consulting services; and specialized disposal services for oil and gas exploration and production operations. The company was formerly known as USA Waste Services and changed its name to Waste Management in 1998. Waste Management was incorporated in 1987 and is headquartered in Houston, Texas.

The company has a dividend yield of 1.81% with the ex dividend date set at 9-3-2023 (DMY).

Other points of data to note are a P/E ratio of 28.73, revenue per share of 47.72 and a 7.09% return on assets.

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