At the time of writing, Waste Management, Inc. [WM] stock is trading at $211.80, up 0.36%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The WM shares have lost -0.63% over the last week, with a monthly amount glided 2.06%, and 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 October 04, 2024, when Scotiabank initiated its Sector Perform rating and assigned the stock a price target of $220. On May 22, 2024, Deutsche Bank initiated with a Buy rating and assigned a price target of $241 on the stock. HSBC Securities downgraded its rating to a Hold but $210 remained the price target by the analyst firm on February 15, 2024. UBS downgraded its rating to Neutral for this stock on February 14, 2024, and upped its price target to $205. In a note dated November 27, 2023, Wells Fargo initiated an Equal Weight rating and provided a target price of $175 on this stock.
For the past year, the stock price of Waste Management, Inc. fluctuated between $153.95 and $225.00. Currently, Wall Street analysts expect the stock to reach $190.77 within the next 12 months. Waste Management, Inc. [NYSE: WM] shares were valued at $211.80 at the most recent close of the market. An investor can expect a potential drop of -9.93% based on the average WM price forecast.
Analyzing the WM fundamentals
According to Waste Management, Inc. [NYSE:WM], the company’s sales were 20.98B for trailing twelve months, which represents an 5.53% jump. 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 210.28 points at the first support level, and at 208.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 212.85, and for the 2nd resistance point, it is at 213.90.
Ratios To Look Out For
It is important to note that Waste Management, Inc. [NYSE:WM] has a current ratio of 1.07. Further, the Quick Ratio stands at 1.03, while the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 4.05, the price to book ratio is 11.39 and price to earnings (TTM) ratio is 33.65.
Transactions by insiders
Recent insider trading involved Rooney Kelly C., Officer, that happened on Sep 09 ’24 when 390.0 shares were purchased. Sr. VP-Chief Customer Officer, Watson Michael J. completed a deal on Jul 16 ’24 to sell 1500.0 shares. Meanwhile, Sr. VP-Chief Customer Officer Watson Michael J. sold 4208.0 shares on Jun 06 ’24.
