Waste Management (NYSE:WM) Stock Gets Price Target Reduction from Canadian Imperial Bank of Commerce

Posted by Brenda Bartman on Oct 11th, 2026

Waste Management (NYSE:WM – Free Report) had its price target trimmed by Canadian Imperial Bank of Commerce from $250.00 to $225.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the business services provider’s stock.

WM has been the subject of a number of other research reports. Barclays upped their price objective on shares of Waste Management from $270.00 to $277.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Stifel Nicolaus lifted their price objective on Waste Management from $252.00 to $261.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Citigroup raised their target price on Waste Management from $263.00 to $269.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Royal Bank Of Canada boosted their price target on shares of Waste Management from $240.00 to $244.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Finally, Wolfe Research began coverage on shares of Waste Management in a report on Tuesday, September 15th. They set a “peer perform” rating for the company. Thirteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $256.65.

Check Out Our Latest Stock Report on Waste Management

Waste Management Price Performance

Shares of NYSE:WM opened at $208.76 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.24. The business has a 50 day moving average price of $216.99 and a 200 day moving average price of $222.56. The company has a market cap of $83.44 billion, a price-to-earnings ratio of 29.57, a PEG ratio of 2.63 and a beta of 0.42. Waste Management has a twelve month low of $194.11 and a twelve month high of $248.13.

Waste Management (NYSE:WM – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.04. The company had revenue of $6.68 billion during the quarter, compared to analysts’ expectations of $6.71 billion. Waste Management had a return on equity of 31.68% and a net margin of 11.11%. Waste Management’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.92 earnings per share. Research analysts predict that Waste Management will post 8.12 earnings per share for the current year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were issued a dividend of $0.9450 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $3.78 annualized dividend and a dividend yield of 1.8%. Waste Management’s dividend payout ratio (DPR) is presently 53.54%.

Insider Buying and Selling

In related news, CAO John Carroll sold 1,365 shares of the firm’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $219.90, for a total transaction of $300,163.50. Following the completion of the sale, the chief accounting officer directly owned 3,509 shares of the company’s stock, valued at $771,629.10. This trade represents a 28.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WM. Wealth Enhancement Trust Services Inc. raised its position in shares of Waste Management by 243.7% in the third quarter. Wealth Enhancement Trust Services Inc. now owns 1,117 shares of the business services provider’s stock valued at $228,000 after purchasing an additional 792 shares during the period. Eastern Bank grew its stake in Waste Management by 1.3% in the 3rd quarter. Eastern Bank now owns 161,483 shares of the business services provider’s stock valued at $32,930,000 after buying an additional 2,122 shares during the last quarter. QRG Capital Management Inc. raised its holdings in Waste Management by 5.4% in the 2nd quarter. QRG Capital Management Inc. now owns 57,846 shares of the business services provider’s stock valued at $12,893,000 after acquiring an additional 2,958 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in Waste Management by 6.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 53,766 shares of the business services provider’s stock valued at $11,983,000 after acquiring an additional 3,232 shares during the period. Finally, State Street Corp lifted its position in Waste Management by 2.9% during the second quarter. State Street Corp now owns 18,008,931 shares of the business services provider’s stock worth $4,013,831,000 after acquiring an additional 507,209 shares during the last quarter. 80.40% of the stock is owned by institutional investors.

Waste Management News Roundup

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

Positive Sentiment: JPMorgan remains bullish despite a target cut. JPMorgan lowered its price target from $270 to $235 but maintained an “overweight” rating, implying potential upside from the current level. The reduction appears to reflect more cautious valuation expectations rather than a change to a negative view.
Positive Sentiment: Oppenheimer issued a Buy rating. The recommendation provides additional analyst support for WM and reinforces the company’s appeal as a defensive, recurring-revenue business. Waste Management Gets a Buy from Oppenheimer
Positive Sentiment: Investors are looking for earnings growth. Analysts expect Waste Management to report low-double-digit profitability growth when it releases third-quarter results later this month, creating a potential catalyst if results and guidance exceed expectations. What You Need to Know Ahead of Waste Management’s Earnings Release
Neutral Sentiment: Jim Cramer discussed WM as a possible long-term holding around $200. His comments may support investor interest near that level, but the television discussion does not materially change the company’s earnings outlook. Jim Cramer Explains How He Would Approach Waste Management
Neutral Sentiment: Waste Management was highlighted as a monthly-dividend candidate. The company’s contracted trash-collection revenue supports the appeal of its dividend and defensive cash flows, although the article is not a new company-specific announcement. Monthly Dividend Stocks Article
Negative Sentiment: CIBC also reduced its target and turned more cautious. The firm cut its target from $250 to $225 and assigned a “neutral” rating, adding to concerns that WM’s valuation and near-term upside may be more limited than previously expected.
Negative Sentiment: Collection service was suspended in Okaloosa County ahead of Hurricane Isaias. The disruption is likely temporary, but severe weather can delay revenue collection and create incremental operating costs. Waste Management Suspends Trash Collection Ahead of Hurricane Isaias

About Waste Management

(Get Free Report)

Waste Management, Inc, doing business as WM (NYSE: WM), is an environmental services company that provides waste collection, transfer, disposal, recycling and resource recovery services. Its customers include residential households, commercial businesses, industrial organizations and municipalities.

The company operates a network of collection operations, transfer stations, landfills, recycling facilities and waste-to-energy assets across the United States and Canada. Its services include curbside collection, dumpster and roll-off services, recycling, landfill disposal, organics management and specialized waste solutions.

Founded in 1968, WM has expanded from a traditional waste collection business into a broader provider of environmental and sustainability services.