Waste Management which can be found using ticker (WM) now have 18 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The range between the high target price and low target price is between 200 and 151 suggesting an average Analsyt target price of $174.44. Given that the stocks previous close was at $166.05 this would indicate that there is a potential upside of 5.1%. The 50 day MA is $157.62 and the 200 moving average now moves to $160.58. The company has a market capitalization of $67,853m. You can visit the company’s website by visiting: https://www.wm.com
The potential market cap would be $71,281m based on the market consensus.
Waste Management, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity. As of December 31, 2022, the company owned or operated 254 solid waste landfills, five secure hazardous waste landfills, 97 MRFs, and 337 transfer stations. It also provides materials processing and commodities recycling services at its MRFs, where cardboard, paper, glass, metals, plastics, construction and demolition materials, and other recycling commodities are recovered for resale or redirected for other purposes; recycling brokerage services, such as managing the marketing of recyclable materials for third parties; and other strategic business solutions. In addition, the company offers construction and remediation services; services related with the disposal of fly ash, and residue generated from the combustion of coal and other fuel stocks; in-plant services comprising full-service waste management solutions and consulting services; and specialized disposal services for oil and gas exploration and production operations. The company was formerly known as USA Waste Services and changed its name to Waste Management in 1998. Waste Management was incorporated in 1987 and is headquartered in Houston, Texas.
The company has a dividend yield of 1.69% with the ex dividend date set at 9-3-2023 (DMY).
