Waste Management (NYSE:WM) Price Target Raised to $247.00

Posted by Stanley Muller on Nov 1st, 2026

Waste Management (NYSE:WM – Free Report) had its price target lifted by Royal Bank Of Canada from $244.00 to $247.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a sector perform rating on the business services provider’s stock.

A number of other brokerages have also recently issued reports on WM. TD Cowen restated a “buy” rating on shares of Waste Management in a report on Thursday. Weiss Ratings raised Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 16th. Barclays increased their price target on shares of Waste Management from $277.00 to $283.00 and gave the company an “overweight” rating in a research report on Thursday. BNP Paribas Exane reduced their price objective on shares of Waste Management from $248.00 to $245.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Morgan Stanley reduced their price objective on shares of Waste Management from $230.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 13th. Fourteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.89.

View Our Latest Stock Report on Waste Management

Waste Management Stock Up 1.1%

NYSE:WM opened at $233.33 on Thursday. Waste Management has a 12-month low of $194.11 and a 12-month high of $248.13. The company has a quick ratio of 0.87, a current ratio of 0.82 and a debt-to-equity ratio of 2.21. The firm has a market capitalization of $92.78 billion, a P/E ratio of 30.62, a P/E/G ratio of 3.02 and a beta of 0.42. The stock’s fifty day simple moving average is $217.85 and its 200-day simple moving average is $225.13.

Waste Management (NYSE:WM – Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The business services provider reported $2.15 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.03). The company had revenue of $6.85 billion for the quarter, compared to analyst estimates of $6.81 billion. Waste Management had a return on equity of 31.97% and a net margin of 11.78%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the firm earned $1.98 earnings per share. Equities research analysts expect that Waste Management will post 8.06 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were paid a $0.9450 dividend. This represents a $3.78 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, September 11th. Waste Management’s payout ratio is presently 49.61%.

Insider Buying and Selling at Waste Management

In related news, CAO John Carroll sold 1,365 shares of Waste Management stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $219.90, for a total value of $300,163.50. Following the sale, the chief accounting officer owned 3,509 shares of the company’s stock, valued at approximately $771,629.10. The trade was a 28.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Pathway Financial Advisers LLC grew its position in Waste Management by 0.3% in the third quarter. Pathway Financial Advisers LLC now owns 15,484 shares of the business services provider’s stock valued at $3,158,000 after acquiring an additional 50 shares during the last quarter. Bfsg LLC raised its stake in Waste Management by 0.3% during the third quarter. Bfsg LLC now owns 16,399 shares of the business services provider’s stock worth $3,344,000 after acquiring an additional 45 shares in the last quarter. Northeast Investment Management lifted its holdings in shares of Waste Management by 1.5% in the third quarter. Northeast Investment Management now owns 141,560 shares of the business services provider’s stock worth $28,867,000 after acquiring an additional 2,108 shares during the last quarter. Ascent Group LLC lifted its holdings in shares of Waste Management by 2.7% in the third quarter. Ascent Group LLC now owns 21,775 shares of the business services provider’s stock worth $4,440,000 after acquiring an additional 575 shares during the last quarter. Finally, Signet Investment Advisory Group Inc. boosted its stake in shares of Waste Management by 3.9% in the 3rd quarter. Signet Investment Advisory Group Inc. now owns 23,479 shares of the business services provider’s stock valued at $4,788,000 after purchasing an additional 889 shares in the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Waste Management

Here are the key news stories impacting Waste Management this week:

Positive Sentiment: Waste Management maintained its 2026 outlook and guided revenue and free cash flow toward the high ends of its ranges, reassuring investors that growth remains on track. Waste Management Could Be 9% Undervalued After High End Guidance Reaffirmed
Positive Sentiment: The healthcare business was a major growth driver, with operating EBITDA reportedly rising 33% year over year. Nine-month free cash flow also increased more than 42%, supporting capital returns and the company’s buyback program. WM Q3 Earnings Call Highlights Healthcare Gains and Volume Pressure
Positive Sentiment: Analysts raised their targets, including JPMorgan to $260 and Barclays to $283, while retaining overweight ratings. These revisions imply additional upside and reflect confidence in WM’s defensive cash flows and outlook. JPMorgan Waste Management Ratings
Neutral Sentiment: The upcoming CEO transition is attracting investor attention. Continuity in strategy and execution could support the stock, but leadership changes introduce uncertainty until further details are provided. Waste Management Earnings Call Signals Resilient Growth
Negative Sentiment: Slowing waste volumes and higher fuel costs are pressuring margins. Earlier reports that WM shares gapped lower and broke below the 200-day moving average reflected the market’s initial disappointment with earnings and operational trends. WM Q3 Earnings Call Highlights
Negative Sentiment: Income investors face a longer-term risk: although WM has raised its dividend annually since 2009, persistent volume weakness could constrain future increases. The stock also trades at a relatively premium earnings multiple. Can Waste Management Keep Raising Its Dividend for Decades?

Waste Management Company Profile

(Get Free Report)

Waste Management, Inc, doing business as WM (NYSE:WM), is an environmental services company that provides waste collection, transportation, disposal, recycling and resource-recovery services. The company serves residential, commercial, industrial and municipal customers through a network of collection operations, transfer stations, landfills, recycling facilities and other environmental infrastructure.

WM’s services include curbside and commercial waste collection, construction and demolition debris management, recycling, organics processing and landfill disposal.