Analyst Scoreboard: 15 Ratings For Waste Management
Portfolio Pulse from Benzinga Insights
Waste Management (NYSE:WM) has received diverse analyst ratings over the last three months, with 15 analysts offering views that range from bullish to indifferent. The average 12-month price target for WM has been raised to $213.4, up 8.77% from the previous target of $196.20. Analysts from firms including Morgan Stanley, Truist Securities, and Stifel have raised their price targets, reflecting optimism about the company's performance. Waste Management is highlighted as the largest integrated provider of traditional solid waste services in the US, with significant market capitalization, revenue growth, and strong financial metrics such as net margin, ROE, and ROA, despite a high debt-to-equity ratio.
April 26, 2024 | 5:01 pm
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Waste Management has seen a positive shift in analyst ratings with an increased average price target of $213.4, indicating a bullish outlook. The company's strong market position and financial performance are key factors.
The increase in the average price target to $213.4 by analysts from reputable firms, along with the detailed financial overview showcasing Waste Management's strong market position, revenue growth, and profitability metrics, suggests a positive short-term impact on WM's stock price. The unanimous positive adjustments in ratings and price targets reflect a bullish sentiment among analysts, likely influencing investor perception and potentially driving up the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100