Waste Management (WM) Stock Forecast, Price Target & Predictions
WM Stock Forecast
Waste Management stock forecast is as follows: an average price target of $187.69 (represents a -7.60% downside from WM’s last price of $203.12) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.
WM Price Target
The average price target for Waste Management (WM) is $187.69 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $241.00 to $152.00. This represents a potential -7.60% downside from WM's last price of $203.12.
WM Analyst Ratings
According to 11 Wall Street analysts, Waste Management's rating consensus is 'Buy'. The analyst rating breakdown for WM stock is 0 'Strong Buy' (0.00%), 8 'Buy' (72.73%), 3 'Hold' (27.27%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Waste Management Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 26, 2024 | Devin Dodge | BMO Capital | $213.00 | $198.48 | 7.32% | 4.86% |
| Jul 26, 2024 | David Manthey | Robert W. Baird | $216.00 | $199.92 | 8.04% | 6.34% |
| Jun 03, 2024 | Jeffrey Silber | BMO Capital | $212.00 | $201.63 | 5.14% | 4.37% |
| May 22, 2024 | Faiza Alwy | Deutsche Bank | $241.00 | $208.33 | 15.68% | 18.65% |
| Apr 30, 2024 | David Manthey | Robert W. Baird | $222.00 | $212.15 | 4.64% | 9.29% |
| Apr 29, 2024 | Kevin Chiang | CIBC | $220.00 | $211.73 | 3.90% | 8.31% |
| Apr 23, 2024 | David Manthey | Robert W. Baird | $214.00 | $207.53 | 3.12% | 5.36% |
| Apr 08, 2024 | Walter Spracklin | RBC Capital | $211.00 | $206.93 | 1.97% | 3.88% |
| Feb 06, 2023 | - | Deutsche Bank | $151.00 | $151.82 | -0.54% | -25.66% |
| Feb 02, 2023 | - | Citigroup | $180.00 | $151.62 | 18.72% | -11.38% |
The latest Waste Management stock forecast, released on Jul 26, 2024 by Devin Dodge from BMO Capital, set a price target of $213.00, which represents a 7.32% increase from the stock price at the time of the forecast ($198.48), and a 4.86% increase from WM last price ($203.12).
Waste Management Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 8 |
| Avg Price Target | - | $214.50 | $218.63 |
| Last Closing Price | $203.12 | $203.12 | $203.12 |
| Upside/Downside | -100.00% | 5.60% | 7.64% |
In the current month, the average price target of Waste Management stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Waste Management's last price of $203.12. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jul 26, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Jun 03, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Jun 03, 2024 | Citigroup | Buy | Buy | Hold |
| May 22, 2024 | Deutsche Bank | Hold | Buy | Initialise |
| Apr 29, 2024 | CIBC | Neutral | Neutral | Hold |
| Apr 08, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Oct 23, 2023 | UBS | Neutral | Buy | Upgrade |
| Jul 27, 2023 | Raymond James | Outperform | Outperform | Hold |
| Apr 27, 2023 | Raymond James | Outperform | Outperform | Hold |
| Mar 30, 2023 | Canaccord Genuity | - | Buy | Initialise |
Waste Management's last stock rating was published by BMO Capital on Jul 26, 2024. The company gave WM a "Market Perform" rating, the same as its previous rate.
Waste Management Financial Forecast
Waste Management Revenue Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $5.22B | $5.20B | $5.12B | $4.89B | $4.93B | $5.08B | - | $4.66B | $4.68B | $4.67B |
| Avg Forecast | $7.47B | $7.33B | $7.20B | $7.08B | $6.95B | $6.83B | $6.70B | $6.58B | $6.35B | $6.40B | $6.26B | $5.99B | $6.09B | $6.13B | $5.98B | $5.71B | $5.48B | $5.52B | $5.43B | $5.22B | $5.19B | $5.27B | $5.23B | $4.85B | $4.97B | $5.05B | $4.85B | $4.45B | $4.62B | $4.55B |
| High Forecast | $7.59B | $7.45B | $7.32B | $7.19B | $7.06B | $6.94B | $6.81B | $6.69B | $6.46B | $6.51B | $6.37B | $6.09B | $6.19B | $6.23B | $6.07B | $5.80B | $5.57B | $5.55B | $5.52B | $5.30B | $5.20B | $5.30B | $5.32B | $4.93B | $5.05B | $5.14B | $4.85B | $4.50B | $4.67B | $4.60B |
| Low Forecast | $7.41B | $7.28B | $7.15B | $7.02B | $6.89B | $6.77B | $6.65B | $6.53B | $6.30B | $6.35B | $6.21B | $5.94B | $6.04B | $6.08B | $5.93B | $5.67B | $5.44B | $5.49B | $5.39B | $5.17B | $5.17B | $5.22B | $5.19B | $4.82B | $4.93B | $5.01B | $4.85B | $4.41B | $4.58B | $4.51B |
| # Analysts | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 12 | 6 | 4 | 7 | 16 | 8 | 9 | 12 | 7 | 7 | 9 | 14 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 0.99% | 0.98% | 1.01% | 0.99% | 1.00% | - | 1.05% | 1.01% | 1.03% |
Waste Management's average Quarter revenue forecast for Mar 24 based on 4 analysts is $5.22B, with a low forecast of $5.17B, and a high forecast of $5.30B. WM's average Quarter revenue forecast represents a -0.03% decrease compared to the company's last Quarter revenue of $5.22B (Dec 23).
Waste Management EBITDA Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 12 | 6 | 4 | 7 | 16 | 8 | 9 | 12 | 7 | 7 | 9 | 14 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.54B | $1.52B | $1.21B | $1.32B | $1.34B | $1.42B | - | $1.25B | $1.24B | $1.31B |
| Avg Forecast | $2.06B | $2.02B | $1.98B | $1.95B | $1.91B | $1.88B | $1.85B | $1.81B | $1.75B | $1.76B | $1.72B | $1.65B | $1.68B | $1.69B | $1.65B | $1.57B | $1.51B | $1.52B | $1.49B | $1.30B | $1.43B | $1.45B | $1.44B | $1.18B | $1.37B | $1.52B | $1.33B | $1.07B | $1.24B | $1.38B |
| High Forecast | $2.09B | $2.05B | $2.02B | $1.98B | $1.94B | $1.91B | $1.88B | $1.84B | $1.78B | $1.79B | $1.75B | $1.68B | $1.70B | $1.71B | $1.67B | $1.60B | $1.53B | $1.53B | $1.52B | $1.56B | $1.43B | $1.46B | $1.46B | $1.42B | $1.39B | $1.82B | $1.33B | $1.29B | $1.48B | $1.65B |
| Low Forecast | $2.04B | $2.00B | $1.97B | $1.93B | $1.90B | $1.86B | $1.83B | $1.80B | $1.73B | $1.75B | $1.71B | $1.64B | $1.66B | $1.67B | $1.63B | $1.56B | $1.50B | $1.51B | $1.48B | $1.04B | $1.42B | $1.44B | $1.43B | $945.33M | $1.36B | $1.21B | $1.33B | $859.39M | $988.00M | $1.10B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.08% | 1.05% | 0.84% | 1.12% | 0.98% | 0.94% | - | 1.17% | 1.00% | 0.95% |
4 analysts predict WM's average Quarter EBITDA for Mar 24 to be $1.30B, with a high of $1.56B and a low of $1.04B. This is -15.87% lower than Waste Management's previous annual EBITDA (Dec 23) of $1.54B.
Waste Management Net Income Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 12 | 6 | 4 | 7 | 16 | 8 | 9 | 12 | 7 | 7 | 9 | 14 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $493.00M | $663.00M | $613.00M | $533.00M | $499.00M | $639.00M | - | $513.00M | $506.00M | $538.00M |
| Avg Forecast | $1.13B | $1.17B | $1.12B | $1.05B | $1.04B | $1.08B | $1.03B | $965.14M | $916.29M | $942.36M | $902.47M | $829.53M | $833.17M | $854.51M | $821.35M | $736.33M | $732.86M | $760.57M | $737.88M | $539.05M | $617.28M | $650.60M | $623.59M | $490.05M | $570.11M | $622.95M | $565.00M | $445.50M | $506.00M | $566.32M |
| High Forecast | $1.15B | $1.20B | $1.14B | $1.07B | $1.06B | $1.10B | $1.05B | $985.63M | $935.74M | $962.36M | $921.63M | $847.14M | $850.86M | $872.64M | $838.79M | $751.96M | $748.42M | $801.46M | $753.55M | $646.87M | $633.42M | $686.97M | $636.83M | $588.06M | $582.21M | $747.54M | $565.00M | $534.60M | $607.20M | $679.58M |
| Low Forecast | $1.12B | $1.16B | $1.11B | $1.04B | $1.02B | $1.07B | $1.02B | $954.96M | $906.63M | $932.42M | $892.95M | $820.79M | $824.39M | $845.50M | $812.69M | $728.57M | $725.14M | $727.86M | $730.11M | $431.24M | $597.11M | $626.36M | $617.02M | $392.04M | $564.10M | $498.36M | $565.00M | $356.40M | $404.80M | $453.05M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.80% | 1.02% | 0.98% | 1.09% | 0.88% | 1.03% | - | 1.15% | 1.00% | 0.95% |
Waste Management's average Quarter net income forecast for Mar 24 is $539.05M, with a range of $431.24M to $646.87M. WM's average Quarter net income forecast represents a 9.34% increase compared to the company's last Quarter net income of $493.00M (Dec 23).
Waste Management SG&A Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 12 | 6 | 4 | 7 | 16 | 8 | 9 | 12 | 7 | 7 | 9 | 14 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $493.00M | $470.00M | $467.00M | $476.00M | $487.00M | $461.00M | - | $481.00M | $483.00M | $458.00M |
| Avg Forecast | $766.14M | $752.48M | $739.07M | $725.89M | $712.95M | $700.24M | $687.75M | $675.49M | $651.77M | $656.92M | $642.55M | $614.53M | $624.96M | $628.46M | $613.23M | $585.97M | $562.39M | $565.94M | $557.00M | $505.43M | $532.78M | $541.12M | $536.91M | $459.48M | $509.55M | $530.32M | $497.10M | $417.71M | $483.00M | $482.11M |
| High Forecast | $778.65M | $764.77M | $751.13M | $737.74M | $724.59M | $711.67M | $698.98M | $686.52M | $662.41M | $667.65M | $653.05M | $624.56M | $635.16M | $638.73M | $623.24M | $595.53M | $571.57M | $569.03M | $566.09M | $606.52M | $533.81M | $544.19M | $545.67M | $551.38M | $517.87M | $636.38M | $497.10M | $501.25M | $579.60M | $578.53M |
| Low Forecast | $759.93M | $746.38M | $733.07M | $720.00M | $707.17M | $694.56M | $682.17M | $670.01M | $646.49M | $651.60M | $637.34M | $609.54M | $619.89M | $623.37M | $608.25M | $581.21M | $557.83M | $562.86M | $552.48M | $404.34M | $530.73M | $535.47M | $532.55M | $367.59M | $505.41M | $424.25M | $497.10M | $334.17M | $386.40M | $385.68M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.93% | 0.87% | 0.87% | 1.04% | 0.96% | 0.87% | - | 1.15% | 1.00% | 0.95% |
Waste Management's average Quarter SG&A projection for Mar 24 is $505.43M, based on 4 Wall Street analysts, with a range of $404.34M to $606.52M. The forecast indicates a 2.52% rise compared to WM last annual SG&A of $493.00M (Dec 23).
Waste Management EPS Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 12 | 6 | 4 | 7 | 16 | 8 | 9 | 12 | 7 | 7 | 9 | 14 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.23 | $1.64 | $1.51 | $1.31 | $1.22 | $1.55 | - | $1.24 | $1.21 | $1.28 |
| Avg Forecast | $2.80 | $2.91 | $2.78 | $2.61 | $2.57 | $2.67 | $2.55 | $2.39 | $2.27 | $2.34 | $2.24 | $2.06 | $2.07 | $2.12 | $2.04 | $1.83 | $1.82 | $1.89 | $1.83 | $1.50 | $1.53 | $1.61 | $1.55 | $1.29 | $1.41 | $1.52 | $1.40 | $1.14 | $1.26 | $1.35 |
| High Forecast | $2.86 | $2.97 | $2.84 | $2.66 | $2.62 | $2.73 | $2.60 | $2.44 | $2.32 | $2.39 | $2.29 | $2.10 | $2.11 | $2.16 | $2.08 | $1.86 | $1.86 | $1.99 | $1.87 | $1.53 | $1.57 | $1.70 | $1.58 | $1.31 | $1.44 | $1.55 | $1.40 | $1.16 | $1.28 | $1.38 |
| Low Forecast | $2.77 | $2.88 | $2.75 | $2.58 | $2.54 | $2.65 | $2.52 | $2.37 | $2.25 | $2.31 | $2.21 | $2.04 | $2.04 | $2.10 | $2.02 | $1.81 | $1.80 | $1.81 | $1.81 | $1.48 | $1.48 | $1.55 | $1.53 | $1.27 | $1.40 | $1.50 | $1.40 | $1.13 | $1.24 | $1.34 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.80% | 1.02% | 0.98% | 1.02% | 0.86% | 1.02% | - | 1.09% | 0.96% | 0.95% |
According to 4 Wall Street analysts, Waste Management's projected average Quarter EPS for Mar 24 is $1.50, with a low estimate of $1.48 and a high estimate of $1.53. This represents a 21.98% increase compared to WM previous annual EPS of $1.23 (Dec 23).
Waste Management Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| MEG | Montrose Environmental Group | $29.76 | $52.50 | 76.41% | Buy |
| GFL | GFL Environmental | $39.19 | $44.90 | 14.57% | Buy |
| CWST | Casella Waste Systems | $106.73 | $112.00 | 4.94% | Strong Buy |
| WM | Waste Management | $203.12 | $187.69 | -7.60% | Buy |
| SRCL | Stericycle | $61.68 | $56.33 | -8.67% | Hold |
| WCN | Waste Connections | $181.41 | $165.13 | -8.97% | Buy |
| RSG | Republic Services | $201.75 | $180.50 | -10.53% | Buy |
| CLH | Clean Harbors | $241.82 | $197.13 | -18.48% | Buy |
WM Forecast FAQ
Is Waste Management a good buy?
Yes, according to 11 Wall Street analysts, Waste Management (WM) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 8 'Buy' recommendations, accounting for 72.73% of WM's total ratings.
What is WM's price target?
Waste Management (WM) average price target is $187.69 with a range of $152 to $241, implying a -7.60% from its last price of $203.12. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Waste Management stock go up soon?
According to Wall Street analysts' prediction for WM stock, the company can go down by -7.60% (from the last price of $203.12 to the average price target of $187.69), up by 18.65% based on the highest stock price target, and down by -25.17% based on the lowest stock price target.
Can Waste Management stock reach $300?
WM's average twelve months analyst stock price target of $187.69 does not support the claim that Waste Management can reach $300 in the near future.
What are Waste Management's analysts' financial forecasts?
Waste Management's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $27.06B (high $27.5B, low $26.84B), average EBITDA is $7.45B (high $7.57B, low $7.39B), average net income is $4.11B (high $4.19B, low $4.06B), average SG&A $2.78B (high $2.82B, low $2.75B), and average EPS is $10.19 (high $10.4, low $10.08). WM's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $29.08B (high $29.56B, low $28.85B), average EBITDA is $8B (high $8.14B, low $7.94B), average net income is $4.48B (high $4.57B, low $4.43B), average SG&A $2.98B (high $3.03B, low $2.96B), and average EPS is $11.1 (high $11.33, low $10.98).
Did the WM's actual financial results beat the analysts' financial forecasts?
Based on Waste Management's last annual report (Dec 2023), the company's revenue was $20.43B, which missed the average analysts forecast of $20.56B by -0.63%. Apple's EBITDA was $5.84B, beating the average prediction of $5.5B by 6.11%. The company's net income was $2.3B, missing the average estimation of $2.38B by -3.26%. Apple's SG&A was $1.87B, missing the average forecast of $2.07B by -9.67%. Lastly, the company's EPS was $5.69, missing the average prediction of $5.98 by -4.79%. In terms of the last quarterly report (Dec 2023), Waste Management's revenue was $5.22B, beating the average analysts' forecast of $5.19B by 0.46%. The company's EBITDA was $1.54B, beating the average prediction of $1.43B by 8.08%. Waste Management's net income was $493M, missing the average estimation of $617.28M by -20.13%. The company's SG&A was $493M, missing the average forecast of $532.78M by -7.47%. Lastly, the company's EPS was $1.23, missing the average prediction of $1.53 by -19.66%