Waste Management, Inc. (WM)
NYSE: WM · IEX Real-Time Price · USD
210.33
+0.13 (0.06%)
At close: Jul 5, 2024, 4:00 PM
211.70
+1.37 (0.65%)
Pre-market: Jul 8, 2024, 9:03 AM EDT
Waste Management Stock Forecast
Stock Price Forecast
The 17 analysts with 12-month price forecasts for Waste Management stock have an average target of 219.65, with a low estimate of 175 and a high estimate of 256. The average target predicts an increase of 4.43% from the current stock price of 210.33.
Analyst Consensus: Buy
* Price targets were last updated on May 23, 2024.
Analyst Ratings
The average analyst rating for WM stock from 19 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 6 | 7 | 8 | 7 | 7 |
| Buy | 4 | 4 | 2 | 2 | 2 | 2 |
| Hold | 10 | 10 | 10 | 10 | 10 | 10 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 19 | 20 | 19 | 20 | 19 | 19 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Erste Group | Erste Group | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Jun 14, 2024 |
| Deutsche Bank | Deutsche Bank | Strong Buy Initiates $241 | Strong Buy | Initiates | $241 | +14.58% | May 23, 2024 |
| Baird | Baird | Hold Maintains $214 → $222 | Hold | Maintains | $214 → $222 | +5.55% | Apr 30, 2024 |
| CIBC | CIBC | Hold Maintains $207 → $220 | Hold | Maintains | $207 → $220 | +4.60% | Apr 29, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $220 → $235 | Strong Buy | Maintains | $220 → $235 | +11.73% | Apr 29, 2024 |
Financial Forecast
Revenue This Year
22.22B
from 20.43B
Increased by 8.78%
Revenue Next Year
23.94B
from 22.22B
Increased by 7.73%
EPS This Year
7.52
from 5.66
Increased by 32.83%
EPS Next Year
8.28
from 7.52
Increased by 10.12%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 22.8B | 27.0B | 28.2B | 28.3B | 29.9B |
| Avg | 22.2B | 23.9B | 25.3B | 27.2B | 28.8B |
| Low | 21.0B | 21.9B | 23.0B | 25.4B | 26.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 11.7% | 21.5% | 17.9% | 11.9% | 9.8% |
| Avg | 8.8% | 7.7% | 5.5% | 7.9% | 5.7% |
| Low | 2.7% | -1.3% | -3.9% | 0.4% | -1.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.96 | 8.92 | 9.97 | 10.89 | 11.85 |
| Avg | 7.52 | 8.28 | 9.32 | 10.11 | 10.71 |
| Low | 6.83 | 7.51 | 8.41 | 9.07 | 9.32 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 40.7% | 18.7% | 20.5% | 16.8% | 17.3% |
| Avg | 32.8% | 10.1% | 12.6% | 8.4% | 6.0% |
| Low | 20.7% | -0.1% | 1.6% | -2.7% | -7.8% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.