Stock That Is Worth Exploring Now: Waste Management, Inc. (NYSE: WM)

Waste Management, Inc. (NYSE:WM) does about 1.68M shares in volume on a normal day but saw 2091158 shares change hands in Tuesday’s trading. The company now has a market cap of 84.17B USD. Its current market price is $209.86, marking a decrease of -0.46% compared to the previous close of $210.82. The 52 week high reached by this stock is $214.54 whilst the lowest price level in 52 weeks is $149.71.

Waste Management, Inc. (WM) has a 20-day trading average at $209.18 and the current price is -2.18% off the 52-week high compared with 40.18% distance from its 52-week low. The 50-day simple moving average of the closing price is $209.32 and its 200-day simple moving average is $181.04. If we look at the stock’s price movements over the week, volatility stands at 0.85%, which increases to 1.26% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 52.58 to suggest the stock is neutral.

The consensus objective for the share price is $226.71, suggesting that the stock has a potential upside of 7.43% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 08, 2024 when RBC Capital Mkts resumed the stock to “Sector Perform” and issued a price target of $211. HSBC Securities downgraded the stock to “Hold” from Buy on February 15, 2024 at a price target of $210. UBS downgraded its price target at $190-$205.

Waste Management, Inc. (WM) stock is down -0.30% over the week and 2.19% over the past month. Its price is 17.17% year-to-date and 24.00% over the past year.

To reach the target analysts have set, the stock logically needs to grow 7.43 percent from here.

The company has a return on investment of 10.85% and return on equity of 35.73%. The price to earnings ratio (P/E ratio) amounts to 34.31 while the forward price to earnings ratio is 26.09. The beta has a value of 0.75. Price to book ratio is 11.89 and price to sales ratio is 4.07.