A Closer Look at 9 Analyst Recommendations For Waste Management
Portfolio Pulse from Benzinga Insights
Waste Management (NYSE:WM) has received mixed analyst ratings over the past three months, with 9 analysts offering a range of views. The average 12-month price target is $178.78, with a high of $190.00 and a low of $163.00, indicating a 2.6% increase from the previous target. Analysts from firms like Oppenheimer, Stifel, and others have raised their price targets, reflecting a positive outlook on WM's performance. WM is a leading provider of waste services and recycling in North America, with strong financial metrics such as a net margin of 12.75% and ROE of 9.57%, but a high debt-to-equity ratio of 2.22.
January 12, 2024 | 3:00 pm
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POSITIVE IMPACT
Analysts have mixed opinions on WM, but the average price target has increased, indicating a positive sentiment. WM's strong financial performance may support the stock price, despite concerns over its high debt-to-equity ratio.
The increase in the average price target suggests that analysts see potential for Waste Management's stock to rise. The company's strong net margin and ROE are positive indicators for its profitability and financial health, which could lead to stock appreciation. However, the high debt-to-equity ratio is a concern that could temper investor enthusiasm, warranting a slightly reduced confidence score.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100