Waste Management, Inc. [WM] stock prices are up 5.21% to $219.11 at the moment. 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 3.82% over the last week, with a monthly amount glided 5.54%, 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.
The stock price of Waste Management, Inc. [WM] has been fluctuating between $161.60 and $225.00 over the past year. Currently, Wall Street analysts expect the stock to reach $200.07 within the next 12 months. Waste Management, Inc. [NYSE: WM] shares were valued at $219.11 at the most recent close of the market. An investor can expect a potential drop of -8.69% based on the average WM price forecast.
Analyzing the WM fundamentals
The Waste Management, Inc. [NYSE:WM] reported sales of 21.39B for trailing twelve months, representing a surge of 7.91%. 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 0.08, Equity is 0.36 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.09.
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 214.22 points at the first support level, and at 209.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 221.94, and for the 2nd resistance point, it is at 224.77.
Ratios To Look Out For
It’s worth pointing out that Waste Management, Inc. [NYSE:WM]’s Current Ratio is 0.89. As well, the Quick Ratio is 0.85, while the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 4.11, the price to book ratio is 11.02 and price to earnings (TTM) ratio is 33.47.
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.
