Waste Management (NYSE:WM) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Waste Management (NYSE:WM) had its price objective hoisted by investment analysts at Wells Fargo & Company from $238.00 to $246.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s target price points to a potential upside of 7.32% from the stock’s current price.

Several other analysts also recently weighed in on WM. UBS Group upgraded shares of Waste Management from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $225.00 to $260.00 in a research report on Friday, January 9th. Citigroup cut their price target on Waste Management from $270.00 to $263.00 and set a “buy” rating on the stock in a report on Friday, January 16th. DZ Bank began coverage on Waste Management in a report on Tuesday, November 25th. They issued a “buy” rating and a $250.00 price objective for the company. CIBC cut their target price on Waste Management from $235.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Finally, Truist Financial set a $260.00 price target on Waste Management in a research note on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and an average price target of $251.19.

Waste Management Stock Up 0.1%

Shares of Waste Management stock opened at $229.22 on Friday. The stock has a market capitalization of $92.35 billion, a price-to-earnings ratio of 36.10, a PEG ratio of 2.57 and a beta of 0.59. Waste Management has a twelve month low of $194.11 and a twelve month high of $242.58. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 2.36. The business’s 50 day simple moving average is $217.86 and its 200-day simple moving average is $219.18.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, October 27th. The business services provider reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). The company had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.51 billion. Waste Management had a return on equity of 33.00% and a net margin of 10.35%.Waste Management’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.96 earnings per share. Equities research analysts forecast that Waste Management will post 7.7 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Rafael Carrasco sold 1,380 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $217.06, for a total transaction of $299,542.80. Following the completion of the transaction, the senior vice president owned 15,540 shares in the company, valued at approximately $3,373,112.40. This trade represents a 8.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.18% of the company’s stock.

Institutional Trading of Waste Management

Several institutional investors and hedge funds have recently bought and sold shares of WM. Cornercap Investment Counsel Inc. bought a new stake in shares of Waste Management in the 3rd quarter valued at approximately $1,583,000. Wealthfront Advisers LLC raised its holdings in Waste Management by 3.1% during the 2nd quarter. Wealthfront Advisers LLC now owns 57,093 shares of the business services provider’s stock valued at $13,064,000 after buying an additional 1,698 shares during the period. GPM Growth Investors Inc. lifted its position in Waste Management by 50.6% in the second quarter. GPM Growth Investors Inc. now owns 16,640 shares of the business services provider’s stock worth $3,808,000 after buying an additional 5,588 shares during the last quarter. Apollon Wealth Management LLC boosted its stake in Waste Management by 8.1% during the third quarter. Apollon Wealth Management LLC now owns 95,804 shares of the business services provider’s stock worth $21,156,000 after buying an additional 7,143 shares during the period. Finally, Truist Financial Corp increased its position in Waste Management by 62.9% during the second quarter. Truist Financial Corp now owns 268,033 shares of the business services provider’s stock valued at $61,331,000 after acquiring an additional 103,487 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

More Waste Management News

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: Wells Fargo raised its price target to $246 and kept an “overweight” rating, signaling confidence in WM’s upside and providing immediate support for the stock. Wells Fargo raises price target
• Positive Sentiment: Zacks previews expect Q4 revenue up ~14.5% to $6.4B and EPS around $1.95, saying Collection and Healthcare segments are driving growth — a beat vs. cyclic worries would likely lift the shares. WM Gears Up to Post Q4 Earnings: Here’s What Investors Should Know
• Positive Sentiment: MarketBeat/other publications continue to profile WM as a defensive, dividend-backed infrastructure play (long runway from landfill/regulatory moats), which supports interest from income-focused investors. Waste Management company overview (MarketBeat)
• Neutral Sentiment: Zacks deeper analysis explores metric-level estimates (like volumes, pricing, fuel and benefit impacts) that will drive Q4 results — useful for parsing beats/misses beyond headline EPS. What Analyst Projections for Key Metrics Reveal About WM Q4 Earnings
• Neutral Sentiment: Recent market commentary (TipRanks, Zacks market wrap) highlights WM’s resilience and modest upside in technical studies — these pieces can attract momentum flows but are not fundamental catalysts. TipRanks sector piece
• Neutral Sentiment: Scotiabank reiterated a “Sector Perform” stance (keeps coverage steady) — a neutral signal that tempers extreme bullishness but doesn’t add fresh negative pressure. Scotiabank reiterates Sector Perform
• Negative Sentiment: Scotiabank/other outlets have also been reported as downgrading WM in recent headlines, which creates conflicting analyst signals and can pressure sentiment ahead of results. Scotiabank downgrades Waste Management (MSN)
• Negative Sentiment: Barclays/other reports issued pessimistic price forecasts — coupled with WM’s prior quarterly slight EPS/revenue miss, these bearish calls could weigh on shares if the Q4 print or guidance disappoints. Barclays issues pessimistic forecast

About Waste Management

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.