Analysts' ratings for Waste Management WM over the last quarter vary from bullish to bearish, as provided by 6 analysts.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 1 | 2 | 0 | 0 |
| Last 30D | 1 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 1 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $198.83, a high estimate of $220.00, and a low estimate of $175.00. This upward trend is evident, with the current average reflecting a 1.96% increase from the previous average price target of $195.00.
Understanding Analyst Ratings: A Comprehensive Breakdown
The perception of Waste Management by financial experts is analyzed through recent analyst actions. 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 |
|---|---|---|---|---|---|
| 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 |
| Michael Hoffman | Stifel | Raises | Buy | $190.00 | $183.00 |
| Ken Gawrelski | Wells Fargo | Announces | Equal-Weight | $175.00 | - |
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: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Waste Management compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Waste Management's stock. This analysis reveals shifts 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.
Delving into Waste Management's Background
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.
Financial Insights: Waste Management
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Over the 3 months period, Waste Management showcased positive performance, achieving a revenue growth rate of 2.42% as of 30 September, 2023. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 12.75%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Waste Management's ROE excels beyond industry benchmarks, reaching 9.57%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.09%, the company showcases effective utilization of assets.
Debt Management: Waste Management's debt-to-equity ratio is notably higher than the industry average. With a ratio of 2.22, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
How Are Analyst Ratings Determined?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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.
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