Royal Bank Of Canada Boosts Waste Management (NYSE:WM) Price Target to $244.00

Waste Management (NYSE:WM) had its price objective increased by stock analysts at Royal Bank Of Canada from $240.00 to $244.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “sector perform” rating on the business services provider’s stock. Royal Bank Of Canada’s price target points to a potential upside of 7.70% from the stock’s current price.

A number of other research firms have also recently commented on WM. Canadian Imperial Bank of Commerce upgraded shares of Waste Management from a “hold” rating to an “outperformer” rating and set a $244.00 price target for the company in a report on Tuesday, July 7th. Robert W. Baird raised their target price on Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. TD Cowen upped their price target on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Stifel Nicolaus raised their price objective on Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Barclays upped their target price on Waste Management from $270.00 to $277.00 and gave the stock an “overweight” rating in a research report on Thursday. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $258.33.

Waste Management Trading Down 4.2%

WM traded down $10.05 during trading on Thursday, hitting $226.55. The company’s stock had a trading volume of 1,656,429 shares, compared to its average volume of 2,170,883. The firm has a market capitalization of $90.98 billion, a P/E ratio of 32.10, a PEG ratio of 2.91 and a beta of 0.44. Waste Management has a twelve month low of $194.11 and a twelve month high of $248.13. The stock’s fifty day moving average price is $225.18 and its 200-day moving average price is $227.56. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, topping the consensus estimate of $1.98 by $0.04. The company had revenue of $6.68 billion during the quarter, compared to the consensus estimate of $6.71 billion. Waste Management had a net margin of 11.11% and a return on equity of 31.74%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.92 EPS. Analysts anticipate that Waste Management will post 8.16 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in WM. Elevated Capital Advisors LLC bought a new position in shares of Waste Management during the 4th quarter worth approximately $25,000. Financial Network Wealth Advisors LLC grew its holdings in shares of Waste Management by 55.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 47 shares in the last quarter. RHL Group LLC purchased a new stake in shares of Waste Management during the fourth quarter valued at approximately $29,000. Mcguire Capital Advisors Inc. bought a new stake in Waste Management during the fourth quarter worth $29,000. Finally, JPL Wealth Management LLC purchased a new position in Waste Management in the third quarter worth $30,000. 80.40% of the stock is owned by institutional investors.

Waste Management News Summary

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

• Positive Sentiment: WM reported second-quarter adjusted EPS of $2.02, above the $1.98-$1.99 analyst consensus and up from $1.92 a year earlier. Revenue rose 4% year over year to $6.68 billion, while pricing, efficiency measures and margin expansion supported profitability. WM Announces Second Quarter 2026 Earnings
• Positive Sentiment: Management highlighted improving margins, technology investments, cash flow and the integration of healthcare-related operations on its earnings call. The company maintained its profitability outlook, suggesting cost controls and pricing are helping offset volume challenges. WM Q2 Earnings Call Highlights
• Positive Sentiment: Analyst sentiment improved after the results. Stifel Nicolaus raised its price target from $252 to $261 and upgraded WM to “buy,” while Barclays lifted its target from $270 to $277 and maintained an “overweight” rating. Analyst price-target updates
• Neutral Sentiment: Management forecast 2026 revenue of approximately $26.3 billion to $26.5 billion, broadly near but slightly below the roughly $26.5 billion consensus. Profitability guidance was maintained, but the company did not provide a clear change to full-year EPS guidance in the reported update. Waste Management Q2 Sales Report
• Negative Sentiment: Revenue narrowly missed expectations, and management acknowledged softer volumes. This raises concern that pricing-led growth may be masking weaker underlying demand and could limit future top-line expansion. WM Earnings Beat on Pricing
• Negative Sentiment: Erste Group Bank made a minor reduction to its 2026 EPS estimate, lowering it from $8.16 to $8.15, reflecting limited confidence in near-term earnings growth despite the quarterly beat.

About Waste Management

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.