Waste Management with ticker code (WM) now have 14 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 188 and 154 with a mean TP of 167.72. With the stocks previous close at 146.25 this would indicate that there is a potential upside of 14.7%. The day 50 moving average is 160.66 and the 200 day MA is 151.04. The market capitalisation for the company is $61,869m. Company Website: https://www.wm.com
The potential market cap would be $70,952m based on the market concensus.
Waste Management, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations. As of December 31, 2020, the company owned or operated 263 solid waste landfills; 5 secure hazardous waste landfills; 103 MRFs; and 348 transfer stations. It also provides materials processing and commodities recycling services; 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.
