A share price of Waste Management, Inc. [WM] is currently trading at $201.54, down -2.99%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WM shares have gain 0.50% over the last week, with a monthly amount drifted -4.18%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Waste Management, Inc. [NYSE: WM] stock has seen the most recent analyst activity on May 22, 2024, when Deutsche Bank initiated its Buy rating and assigned the stock a price target of $241. On February 15, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $210 on the stock. UBS downgraded its rating to a Neutral and increased its price target to $205 on February 14, 2024. Wells Fargo initiated its recommendation with a Equal Weight and recommended $175 as its price target on November 27, 2023. UBS upgraded its rating to Buy for this stock on October 23, 2023, and upped its price target to $190. In a note dated October 17, 2023, Wolfe Research initiated an Peer Perform rating.
Waste Management, Inc. experienced fluctuations in its stock price throughout the past year between $149.71 and $225.00. Currently, Wall Street analysts expect the stock to reach $187.69 within the next 12 months. Waste Management, Inc. [NYSE: WM] shares were valued at $201.54 at the most recent close of the market. An investor can expect a potential drop of -6.87% based on the average WM price forecast.
Analyzing the WM fundamentals
Trailing Twelve Months sales for Waste Management, Inc. [NYSE:WM] were 20.98B which represents 5.53% growth. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.36 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.25.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 198.35 points at the first support level, and at 195.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 206.63, and for the 2nd resistance point, it is at 211.72.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Waste Management, Inc. [NYSE:WM] is 1.07. As well, the Quick Ratio is 1.03, while the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 3.86, the price to book ratio is 10.84 and price to earnings (TTM) ratio is 32.02.
Transactions by insiders
Recent insider trading involved Watson Michael J., Sr. VP-Chief Customer Officer, that happened on Jul 16 ’24 when 1500.0 shares were sold. Sr. VP-Chief Customer Officer, Watson Michael J. completed a deal on Jun 06 ’24 to sell 4208.0 shares. Meanwhile, Pres, Chief Executive Officer Fish James C Jr sold 36207.0 shares on Mar 01 ’24.
