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Waste Management (WM) Stock Forecast, Price Target & Predictions

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WM Stock Forecast

Waste Management stock forecast is as follows: an average price target of $229.60 (represents a 9.57% upside from WM’s last price of $209.55) and a rating consensus of 'Buy', based on 15 wall street analysts offering a 1-year stock forecast.

WM Price Target

The average price target for Waste Management (WM) is $229.60 based on 1-year price targets from 15 Wall Street analysts in the past 3 months, with a price target range of $250.00 to $220.00. This represents a potential 9.57% upside from WM's last price of $209.55.

WM Analyst Ratings

Buy

According to 15 Wall Street analysts, Waste Management's rating consensus is 'Buy'. The analyst rating breakdown for WM stock is 0 'Strong Buy' (0.00%), 10 'Buy' (66.67%), 5 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Waste Management Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 30, 2024Kevin ChiangCIBC$228.00$217.604.78%8.80%
Oct 30, 2024Devin DodgeBMO Capital$220.00$216.551.59%4.99%
Oct 30, 2024Konark GuptaScotiabank$225.00$216.993.69%7.37%
Oct 29, 2024Tobey SommerTruist Financial$250.00$219.1114.10%19.30%
Oct 29, 2024Michael FenigerBank of America Securities$225.00$208.268.04%7.37%
Oct 03, 2024Konark GuptaScotiabank$220.00$209.095.22%4.99%
Jul 26, 2024Devin DodgeBMO Capital$213.00$198.487.32%1.65%
Jul 26, 2024David MantheyRobert W. Baird$216.00$199.928.04%3.08%
Jun 03, 2024Jeffrey SilberBMO Capital$212.00$201.635.14%1.17%
May 22, 2024Faiza AlwyDeutsche Bank$241.00$208.3315.68%15.01%
Apr 30, 2024David MantheyRobert W. Baird$222.00$212.154.64%5.94%
Apr 29, 2024Kevin ChiangCIBC$220.00$211.733.90%4.99%
Apr 23, 2024David MantheyRobert W. Baird$214.00$207.533.12%2.12%
Apr 08, 2024Walter SpracklinRBC Capital$211.00$206.931.97%0.69%
Feb 06, 2023Deutsche Bank$151.00$151.82-0.54%-27.94%
Feb 02, 2023Citigroup$180.00$151.6218.72%-14.10%
Jan 10, 2023UBS$165.00$152.028.54%-21.26%
Jan 06, 2023Bryan BurgmeierCitigroup$183.00$157.6716.07%-12.67%
Apr 27, 2022Raymond James$173.00$166.234.07%-17.44%
Apr 27, 2022RBC Capital$169.00$164.152.95%-19.35%
Apr 27, 2022Mark NevilleScotiabank$180.00$166.767.94%-14.10%
Oct 27, 2021David ColemanArgus Research$180.00$153.9516.92%-14.10%
Oct 27, 2021Michael FenigerBank of America Securities$154.00$153.950.03%-26.51%
Jul 16, 2021Noah KayeOppenheimer$152.00$144.145.45%-27.46%
Apr 29, 2021Jon WindhamUBS$150.00$135.0611.06%-28.42%
Apr 28, 2021Kevin ChiangCIBC$140.00$134.124.38%-33.19%
Apr 28, 2021Michael E. HoffmanStifel Nicolaus$155.00$134.1215.57%-26.03%

The latest Waste Management stock forecast, released on Oct 30, 2024 by Kevin Chiang from CIBC, set a price target of $228.00, which represents a 4.78% increase from the stock price at the time of the forecast ($217.60), and a 8.80% increase from WM last price ($209.55).

Waste Management Price Target by Period

1M3M12M
# Anlaysts-314
Avg Price Target-$224.33$222.64
Last Closing Price$209.55$209.55$209.55
Upside/Downside-100.00%7.05%6.25%

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 $209.55. 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

DateCompanyPrevious RatingNew RatingRating Change
Oct 30, 2024CIBCNeutralNeutralHold
Oct 30, 2024BMO CapitalMarket PerformMarket PerformHold
Oct 30, 2024OppenheimerOutperformOutperformHold
Oct 30, 2024ScotiabankSector PerformSector PerformHold
Oct 29, 2024Goldman SachsBuyBuyHold
Oct 29, 2024Bank of America SecuritiesNeutralNeutralHold
Oct 03, 2024ScotiabankBuySector PerformInitialise
Oct 03, 2024William BlairOutperformInitialise
Jul 26, 2024BMO CapitalMarket PerformMarket PerformHold
Jun 03, 2024BMO CapitalMarket PerformMarket PerformHold
Jun 03, 2024CitigroupBuyBuyHold
May 22, 2024Deutsche BankHoldBuyInitialise
Apr 29, 2024CIBCNeutralNeutralHold
Apr 08, 2024RBC CapitalSector PerformSector PerformHold
Oct 23, 2023UBSNeutralBuyUpgrade
Jul 27, 2023Raymond JamesOutperformOutperformHold
Apr 27, 2023Raymond JamesOutperformOutperformHold
Mar 30, 2023Canaccord GenuityBuyInitialise
Mar 30, 2023Cowen & Co.OutperformInitialise
Feb 06, 2023Deutsche BankHoldHoldHold
Feb 02, 2023CitigroupBuyBuyHold
Jan 10, 2023UBSNeutralDowngrade
Jan 06, 2023CitigroupBuyInitialise
Dec 19, 2022JonesTradingBuyInitialise
Apr 27, 2022Raymond JamesOutperformOutperformHold
Apr 27, 2022RBC CapitalSector PerformSector PerformHold
Apr 27, 2022ScotiabankBuyBuyHold
Apr 26, 2022BMO CapitalPerformDowngrade

Waste Management's last stock rating was published by CIBC on Oct 30, 2024. The company gave WM a "Neutral" rating, the same as its previous rate.

Waste Management Financial Forecast

Waste Management Revenue Forecast

Sep 29Jun 29Mar 29Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22
Revenue-----------------------$5.22B$5.20B$5.12B$4.89B$4.93B$5.08B$5.03B
Avg Forecast$8.04B$7.89B$7.75B$7.62B$7.48B$7.35B$7.22B$7.10B$7.22B$7.05B$6.78B$6.74B$6.81B$6.63B$6.37B$6.45B$6.54B$6.35B$6.11B$5.84B$5.51B$5.43B$5.22B$5.19B$5.27B$5.23B$4.85B$4.97B$5.05B$4.85B
High Forecast$8.19B$8.04B$7.90B$7.76B$7.62B$7.48B$7.35B$7.23B$7.35B$7.19B$6.91B$6.87B$6.94B$6.75B$6.49B$6.57B$6.66B$6.47B$6.25B$5.88B$5.51B$5.43B$5.22B$5.20B$5.30B$5.33B$4.95B$5.02B$5.05B$4.85B
Low Forecast$7.90B$7.76B$7.62B$7.49B$7.35B$7.22B$7.09B$6.98B$7.10B$6.94B$6.66B$6.63B$6.70B$6.52B$6.27B$6.34B$6.43B$6.25B$6.01B$5.80B$5.51B$5.43B$5.22B$5.17B$5.22B$5.15B$4.77B$4.92B$5.05B$4.85B
# Analysts333234563333345452711534716891277
Surprise %-----------------------1.00%0.99%0.98%1.01%0.99%1.00%1.04%

Waste Management's average Quarter revenue forecast for Mar 24 based on 4 analysts is $5.22B, with a low forecast of $5.22B, and a high forecast of $5.22B. 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

Sep 29Jun 29Mar 29Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22
# Analysts333234563333345452711534716891277
EBITDA-----------------------$1.54B$1.52B$1.21B$1.32B$1.34B$1.42B$1.38B
Avg Forecast$2.22B$2.18B$2.14B$2.10B$2.07B$2.03B$1.99B$1.96B$1.99B$1.95B$1.87B$1.86B$1.88B$1.83B$1.76B$1.78B$1.81B$1.76B$1.69B$1.61B$1.52B$1.50B$1.30B$1.43B$1.46B$1.45B$1.18B$1.36B$1.39B$1.33B
High Forecast$2.26B$2.22B$2.18B$2.14B$2.11B$2.07B$2.03B$2.00B$2.03B$1.99B$1.91B$1.90B$1.92B$1.87B$1.79B$1.82B$1.84B$1.79B$1.73B$1.62B$1.52B$1.50B$1.56B$1.44B$1.47B$1.47B$1.42B$1.63B$1.39B$1.33B
Low Forecast$2.18B$2.14B$2.11B$2.07B$2.03B$2.00B$1.96B$1.93B$1.96B$1.92B$1.84B$1.83B$1.85B$1.80B$1.73B$1.75B$1.78B$1.73B$1.66B$1.60B$1.52B$1.50B$1.04B$1.43B$1.44B$1.42B$945.33M$1.09B$1.39B$1.33B
Surprise %-----------------------1.08%1.04%0.83%1.12%0.99%1.02%1.03%

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

Sep 29Jun 29Mar 29Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22
# Analysts333234563333345452711534716891277
Net Income-----------------------$493.00M$663.00M$613.00M$533.00M$499.00M$639.00M$587.00M
Avg Forecast$1.23B$1.17B$1.09B$1.08B$1.12B$1.08B$1.00B$1.03B$1.08B$1.02B$946.81M$922.56M$957.47M$899.62M$820.53M$819.44M$858.07M$802.89M$730.72M$726.63M$759.94M$737.88M$539.05M$617.28M$650.60M$623.59M$490.05M$556.60M$611.75M$564.58M
High Forecast$1.26B$1.20B$1.12B$1.10B$1.15B$1.10B$1.03B$1.06B$1.11B$1.04B$969.97M$945.12M$980.89M$921.62M$840.60M$839.49M$879.06M$822.53M$746.69M$763.16M$760.39M$737.90M$646.87M$633.42M$686.97M$638.85M$588.06M$667.92M$611.75M$564.58M
Low Forecast$1.20B$1.15B$1.07B$1.05B$1.10B$1.05B$981.80M$1.01B$1.06B$992.85M$926.06M$902.34M$936.48M$879.90M$802.54M$801.48M$839.26M$785.29M$718.74M$698.21M$759.50M$737.87M$431.24M$597.11M$626.36M$609.92M$392.04M$445.28M$611.75M$564.58M
Surprise %-----------------------0.80%1.02%0.98%1.09%0.90%1.04%1.04%

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

Sep 29Jun 29Mar 29Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22
# Analysts333234563333345452711534716891277
SG&A-----------------------$493.00M$470.00M$467.00M$476.00M$487.00M$461.00M$473.00M
Avg Forecast$829.05M$814.27M$799.75M$785.49M$771.49M$757.73M$744.22M$732.25M$744.54M$727.59M$699.16M$695.08M$702.84M$683.51M$657.30M$665.20M$674.21M$655.29M$629.90M$601.97M$568.61M$559.97M$505.43M$535.72M$544.01M$539.78M$459.48M$531.30M$518.44M$497.10M
High Forecast$844.65M$829.59M$814.80M$800.27M$786.00M$771.99M$758.23M$746.03M$758.55M$741.29M$712.32M$708.16M$716.06M$696.38M$669.67M$677.72M$686.90M$667.62M$644.27M$606.07M$568.79M$559.97M$606.52M$536.75M$547.10M$549.93M$551.38M$637.56M$518.44M$497.10M
Low Forecast$815.07M$800.54M$786.27M$772.25M$758.48M$744.96M$731.67M$719.90M$731.98M$715.33M$687.37M$683.36M$690.99M$671.99M$646.21M$653.99M$662.85M$644.24M$619.65M$597.88M$568.43M$559.97M$404.34M$533.66M$538.33M$530.68M$367.59M$425.04M$518.44M$497.10M
Surprise %-----------------------0.92%0.86%0.87%1.04%0.92%0.89%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

Sep 29Jun 29Mar 29Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22
# Analysts333234563333345452711534716891277
EPS-----------------------$1.23$1.64$1.51$1.31$1.22$1.55$1.42
Avg Forecast$3.04$2.91$2.71$2.67$2.79$2.67$2.49$2.56$2.68$2.52$2.35$2.29$2.37$2.23$2.04$2.03$2.13$1.99$1.81$1.80$1.88$1.83$1.50$1.53$1.61$1.55$1.29$1.41$1.52$1.40
High Forecast$3.11$2.98$2.78$2.73$2.86$2.74$2.55$2.62$2.75$2.58$2.41$2.34$2.43$2.29$2.08$2.08$2.18$2.04$1.85$1.89$1.89$1.83$1.54$1.57$1.70$1.58$1.32$1.44$1.52$1.40
Low Forecast$2.97$2.85$2.65$2.61$2.73$2.61$2.44$2.50$2.62$2.46$2.30$2.24$2.32$2.18$1.99$1.99$2.08$1.95$1.78$1.73$1.88$1.83$1.46$1.48$1.55$1.51$1.26$1.40$1.52$1.40
Surprise %-----------------------0.80%1.02%0.98%1.02%0.86%1.02%1.01%

According to 4 Wall Street analysts, Waste Management's projected average Quarter EPS for Mar 24 is $1.50, with a low estimate of $1.46 and a high estimate of $1.54. This represents a 21.98% increase compared to WM previous annual EPS of $1.23 (Dec 23).

Waste Management Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
MEGMontrose Environmental Group$20.89$43.00105.84%Buy
GFLGFL Environmental$43.36$52.0019.93%Buy
CLHClean Harbors$235.00$271.5015.53%Buy
CWSTCasella Waste Systems$106.33$119.2512.15%Hold
RSGRepublic Services$212.31$233.009.75%Buy
WMWaste Management$209.55$229.609.57%Buy
WCNWaste Connections$180.64$195.007.95%Buy

WM Forecast FAQ

Is Waste Management a good buy?

Yes, according to 15 Wall Street analysts, Waste Management (WM) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 10 'Buy' recommendations, accounting for 66.67% of WM's total ratings.

What is WM's price target?

Waste Management (WM) average price target is $229.6 with a range of $220 to $250, implying a 9.57% from its last price of $209.55. The data is based on 15 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 up by 9.57% (from the last price of $209.55 to the average price target of $229.6), up by 19.30% based on the highest stock price target, and up by 4.99% based on the lowest stock price target.

Can Waste Management stock reach $300?

WM's average twelve months analyst stock price target of $229.6 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 $28.15B (high $28.68B, low $27.68B), average EBITDA is $7.78B (high $7.92B, low $7.65B), average net income is $4.07B (high $4.17B, low $3.99B), average SG&A $2.9B (high $2.96B, low $2.85B), and average EPS is $10.11 (high $10.35, low $9.88). WM's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $29.66B (high $30.22B, low $29.16B), average EBITDA is $8.19B (high $8.35B, low $8.06B), average net income is $4.28B (high $4.39B, low $4.19B), average SG&A $3.06B (high $3.12B, low $3.01B), and average EPS is $10.62 (high $10.88, low $10.38).

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 $5.52B by 5.80%. 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 $2.08B by -10.05%. 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 0.44%. The company's EBITDA was $1.54B, beating the average prediction of $1.43B by 7.67%. 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 $535.72M by -7.97%. Lastly, the company's EPS was $1.23, missing the average prediction of $1.53 by -19.66%