A share price of Waste Management, Inc [WM] is currently trading at $205.53, up 0.05%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WM shares have lost -4.16% over the last week, with a monthly amount drifted -6.17%, 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 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.
Waste Management, Inc experienced fluctuations in its stock price throughout the past year between $175.62 and $230.39. Currently, Wall Street analysts expect the stock to reach $227.33 within the next 12 months. Waste Management, Inc [NYSE: WM] shares were valued at $205.53 at the most recent close of the market. An investor can expect a potential return of 10.61% based on the average WM price forecast.
Analyzing the WM fundamentals
Trailing Twelve Months sales for Waste Management, Inc [NYSE:WM] were 21.39B which represents 7.91% 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 0.08, 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 2.09.
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 204.09 points at the first support level, and at 202.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 207.43, and for the 2nd resistance point, it is at 209.32.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Waste Management, Inc [NYSE:WM] 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 3.86, the price to book ratio is 10.34 and price to earnings (TTM) ratio is 31.40.
Transactions by insiders
Recent insider trading involved Morris John J, Officer, that happened on Nov 21 ’24 when 13907.0 shares were purchased. Officer, Rooney Kelly C. completed a deal on Nov 12 ’24 to buy 5257.0 shares. Meanwhile, Officer Carrasco Rafael bought 2455.0 shares on Nov 08 ’24.
