As of January 12, 2024, the latest analyst recommendations for Waste Management (NYSE: WM) present a range of perspectives, encompassing both bullish and bearish viewpoints. Over the course of the past 30 days, there have been no bearish ratings, one somewhat bullish rating, and no alterations in the overall ratings. The 12-month price targets reveal an average estimate of $178.78, with a high projection of $190.00 and a low projection of $163.00, indicating an upward trajectory.
Several notable recent actions by analysts include adjustments to price targets and changes in ratings. For instance, Oppenheimer has raised the price target to $188.00, while Stifel has increased the buy rating.
Over the past three months, the average analyst price target for Waste Management stands at $182.88, with 12 Buy Ratings, 10 Hold Ratings, and 0 Sell Ratings. Based on the assessments of 18 Wall Street analysts, the consensus rating for Waste Management stock is deemed a Moderate Buy. The average twelve-month price prediction for Waste Management is $179.93, with a high price target of $202.00 and a low price target of $151.00.
In summary, the analyst recommendations for Waste Management reflect an overall positive outlook. The majority of analysts either recommend a buy or hold position for the stock, and the price targets indicate an upward trend in recent months.
Waste Management Inc. (WM) Shows Strong Performance in Stock Market: Positive Price Momentum and Investor Confidence
On January 12, 2024, Waste Management Inc. (WM) showcased a strong performance in the stock market, according to data sourced from CNN Money. The company’s stock was trading near the top of its 52-week range and above its 200-day simple moving average, indicating positive price momentum.
WM shares experienced a price increase of $0.68 since the market’s previous close, representing a rise of 0.38%. This upward movement in stock price demonstrates investor confidence and suggests that the company is performing well in the market.
The stock opened at $179.50, which was $0.25 higher than its previous closing price. This opening price reflects a positive sentiment among investors, as they were willing to pay a premium to acquire WM shares at the start of the trading day.
Waste Management Inc. is a leading provider of comprehensive waste management services in North America. The company offers a range of environmental solutions, including collection, transportation, disposal, and recycling services. With a strong presence in the industry, WM has established itself as a reliable and sustainable waste management partner.
Investors are likely attracted to WM’s stock due to its consistent performance and positive market sentiment. The fact that the stock is trading near the top of its 52-week range and above its 200-day simple moving average further reinforces the company’s stability and growth potential.
Walmart (WM) Stock Shows Steady Rise in Revenue, Net Income, and Earnings per Share on January 12, 2024
On January 12, 2024, Walmart (WM) stock experienced a steady rise in its revenue and income. The data reveals that WM’s total revenue for the past year stood at $19.70 billion, representing a 9.85% increase compared to the previous year. In the third quarter of the same year, the company reported a total revenue of $5.20 billion, which remained flat compared to the previous quarter.
WM reported a significant increase of 23.24% in net income over the past year, with a net income of $2.24 billion. In the third quarter, the company reported a net income of $663.00 million, representing a 7.8% increase compared to the previous quarter.
WM’s earnings per share (EPS) witnessed a notable increase over the past year. The EPS for the previous year stood at $5.39, reflecting a 25.58% increase compared to the previous year. In the third quarter, the company reported an EPS of $1.63, which represented an 8.28% increase compared to the previous quarter.
Overall, WM’s stock performance on January 12, 2024, showcased a steady rise in revenue, net income, and earnings per share. Investors can take confidence in WM’s performance, as it demonstrates the company’s ability to generate sustainable profits and provide value to its shareholders.
