Barclays Forecasts Strong Price Appreciation for Waste Management (NYSE:WM) Stock

Waste Management (NYSE:WM) had its price objective upped by stock analysts at Barclays from $270.00 to $277.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the business services provider’s stock. Barclays‘s price objective would indicate a potential upside of 22.08% from the stock’s current price.

A number of other analysts also recently issued reports on WM. Oppenheimer reduced their price objective 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. Royal Bank Of Canada increased their target price on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. Robert W. Baird raised their target price on shares of Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. TD Cowen upped their price target on shares of Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Canadian Imperial Bank of Commerce upgraded shares of Waste Management from a “hold” rating to an “outperformer” rating and set a $244.00 price objective for the company in a research report on Tuesday, July 7th. Fourteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $258.33.

Waste Management Stock Up 0.2%

WM opened at $226.89 on Thursday. The company has a market capitalization of $90.69 billion, a PE ratio of 32.14, a price-to-earnings-growth ratio of 2.75 and a beta of 0.44. The firm has a 50-day simple moving average of $225.52 and a two-hundred day simple moving average of $227.60. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 2.24. Waste Management has a 52 week low of $194.11 and a 52 week high of $248.13.

Waste Management (NYSE:WM) last issued its earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.04. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The firm had revenue of $6.68 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the previous year, the firm posted $1.92 earnings per share. The business’s revenue was up 4.0% compared to the same quarter last year. Analysts forecast that Waste Management will post 8.14 earnings per share for the current fiscal year.

Institutional Trading of Waste Management

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Midland Wealth Advisors LLC lifted its position in Waste Management by 7.7% in the second quarter. Midland Wealth Advisors LLC now owns 1,392 shares of the business services provider’s stock worth $310,000 after buying an additional 99 shares during the last quarter. Sunpointe LLC bought a new position in Waste Management during the second quarter valued at $1,103,000. Fortis Group Advisors LLC raised its stake in shares of Waste Management by 211.8% in the second quarter. Fortis Group Advisors LLC now owns 22,312 shares of the business services provider’s stock valued at $4,973,000 after acquiring an additional 15,155 shares during the period. Boston Trust Walden Corp lifted its holdings in shares of Waste Management by 1.0% in the 2nd quarter. Boston Trust Walden Corp now owns 99,480 shares of the business services provider’s stock worth $22,172,000 after acquiring an additional 1,029 shares during the last quarter. Finally, Perryman Financial Advisory Inc. AD grew its holdings in Waste Management by 2.4% during the 2nd quarter. Perryman Financial Advisory Inc. AD now owns 60,249 shares of the business services provider’s stock valued at $13,428,000 after purchasing an additional 1,433 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Trending Headlines about Waste Management

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

• Positive Sentiment: Analysts raised price targets. Barclays increased its target from $270 to $277 and maintained an Overweight rating, while Stifel Nicolaus raised its target from $252 to $261 and reiterated Buy. These targets imply substantial upside and reinforce the bullish case for WM. Barclays and Stifel analyst actions
• Positive Sentiment: RBC also lifted its price target from $240 to $244, citing a more favorable valuation outlook, although it retained a Sector Perform rating. RBC raises Waste Management price target
• Positive Sentiment: Second-quarter profitability was better than expected. WM reported adjusted earnings of $2.02 per share, above the $1.98 consensus estimate, while revenue rose 4% year over year to $6.68 billion. Management highlighted margin expansion, technology investments and progress integrating its healthcare-services operations. WM Q2 earnings call highlights
• Neutral Sentiment: Scotiabank maintained its Hold rating. The decision suggests analysts see balanced upside and downside risks following the earnings report. Scotiabank maintains Hold rating
• Negative Sentiment: Revenue expectations and operating volumes remain concerns. WM’s full-year revenue outlook of approximately $26.38 billion was slightly below analysts’ expectations, and softer collection volumes could offset margin gains and integration benefits. WM Q2 business review
• Negative Sentiment: Erste Group issued a bearish FY2026 earnings forecast, adding a cautious counterpoint to the more optimistic target increases from other firms. Erste Group bearish 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.