The Analyst Verdict: Waste Management In The Eyes Of 8 Experts
Portfolio Pulse from Benzinga Insights
Waste Management (NYSE:WM) has been evaluated by 8 analysts in the last quarter, with 3 bullish, 2 somewhat bullish, and 3 indifferent ratings. The average 12-month price target is $177.62, with a high of $190.00 and a low of $163.00. Notably, the average price target increased by 2.75% in the past month. Analysts have adjusted their ratings and price targets based on recent developments, with most actions being raises. Waste Management is the largest integrated provider of traditional solid waste services in the U.S. Despite positive revenue growth and strong net margin, the company's debt management poses challenges with a higher than average debt-to-equity ratio.

December 19, 2023 | 6:01 pm
News sentiment analysis
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POSITIVE IMPACT
Waste Management has received mostly positive ratings from analysts, with an upward trend in the average price target, indicating a positive sentiment towards the company's stock.
The majority of analysts have given Waste Management positive ratings, and the increase in the average price target suggests confidence in the company's future performance. This positive sentiment is likely to influence the stock price positively in the short term. However, the high debt-to-equity ratio is a concern that might temper the stock's upward momentum.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100