Scotiabank Raises Waste Management (NYSE:WM) Price Target to $260.00

Waste Management (NYSE:WM) had its target price increased by equities researchers at Scotiabank from $250.00 to $260.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “sector perform” rating on the business services provider’s stock. Scotiabank’s target price would suggest a potential upside of 8.56% from the stock’s current price.

A number of other research analysts have also recently issued reports on WM. Wells Fargo & Company reduced their price objective on Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Canadian Imperial Bank of Commerce raised Waste Management from a “hold” rating to an “outperformer” rating and set a $244.00 target price for the company in a research note on Tuesday, July 7th. Robert W. Baird increased their target price on Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Barclays raised their price target on Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, Oppenheimer decreased their price target on Waste Management from $264.00 to $263.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 8th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Waste Management has an average rating of “Moderate Buy” and a consensus price target of $256.70.

Waste Management Trading Down 1.1%

Shares of WM opened at $239.50 on Thursday. Waste Management has a fifty-two week low of $194.11 and a fifty-two week high of $248.13. The firm has a market cap of $96.18 billion, a price-to-earnings ratio of 34.66, a PEG ratio of 2.95 and a beta of 0.44. The firm has a 50 day moving average price of $222.20 and a 200-day moving average price of $226.50. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.89 and a current ratio of 0.93.

Waste Management (NYSE:WM) last released its earnings results on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.75 by $0.06. The company had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.28 billion. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.67 EPS. As a group, equities research analysts forecast that Waste Management will post 8.16 earnings per share for the current year.

Institutional Investors Weigh In On Waste Management

Institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC raised its position in shares of Waste Management by 51.1% in the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after acquiring an additional 2,320 shares in the last quarter. Sprott Inc. bought a new stake in shares of Waste Management during the first quarter valued at approximately $325,000. Sei Investments Co. boosted its position in shares of Waste Management by 8.0% during the second quarter. Sei Investments Co. now owns 272,438 shares of the business services provider’s stock valued at $62,339,000 after purchasing an additional 20,122 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Waste Management by 68.2% in the second quarter. The Manufacturers Life Insurance Company now owns 366,416 shares of the business services provider’s stock worth $83,843,000 after purchasing an additional 148,590 shares during the period. Finally, Glenview Trust co raised its holdings in Waste Management by 5.1% in the second quarter. Glenview Trust co now owns 3,338 shares of the business services provider’s stock worth $764,000 after purchasing an additional 162 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management News Summary

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

• Positive Sentiment: Scotiabank raised Waste Management’s price target to $260 from $250, suggesting continued upside potential despite maintaining a “sector perform” view.
• Positive Sentiment: Analyst commentary highlighted WM’s strong waste collection network, pricing power, and acquisition strategy as supports for growth and margins.
• Neutral Sentiment: Erste Group Bank trimmed its FY2026 EPS estimate to $8.16 from $8.17, a very small revision that matches the current consensus estimate.
• Neutral Sentiment: Erste Group also nudged FY2027 EPS down to $9.20 from $9.23, another modest cut that does not materially change the long-term earnings outlook.
• Negative Sentiment: Analyst notes pointed to WM’s high debt load and slower stock momentum as ongoing concerns that could weigh on investor sentiment.

Waste Management Company Profile

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.