(WM) Waste Management - Ratings and Ratios

Waste Management Inc. (WM) is a leading provider of comprehensive environmental solutions to a diverse customer base across North America and beyond. The companys extensive service portfolio encompasses waste collection, transfer, disposal, and recycling, as well as the production of renewable energy from landfill gas. WMs operations are characterized by a strong focus on sustainability, with a commitment to reducing greenhouse gas emissions and promoting environmentally responsible practices throughout its operations.

By leveraging its vast network of transfer stations, landfills, and recycling facilities, WM is well-positioned to capitalize on the growing demand for environmentally friendly waste management solutions. The companys materials processing and commodities recycling services enable the recovery of valuable materials, such as cardboard, paper, and metals, which are then resold or redirected for other purposes. Additionally, WMs Secure Information Destruction (SID) services provide a secure and compliant solution for the destruction of sensitive information, further diversifying the companys revenue streams.

From a technical analysis perspective, WMs stock price has been trending upward, with the stock recently reaching its 52-week high of $240.97. The stocks SMA20, SMA50, and SMA200 indicators suggest a strong bullish trend, with the short-term and long-term moving averages converging on a positive trajectory. With an ATR of 4.11, representing a 1.70% daily price movement, the stocks volatility is relatively moderate. Based on these technical indicators, it is likely that WMs stock price will continue to appreciate in the near term, potentially reaching $250 in the coming weeks.

Fundamentally, WMs strong market position, diversified revenue streams, and commitment to sustainability are expected to drive long-term growth and profitability. With a market capitalization of $95.3 billion and a forward P/E ratio of 30.86, the company is attractively valued relative to its earnings growth prospects. As the demand for environmental services continues to grow, WM is poised to benefit from its leadership position in the industry, with a projected earnings growth rate of 10-12% per annum over the next few years. Based on these fundamental drivers, we forecast that WMs stock price will reach $280 within the next 12-18 months, representing a potential upside of 16% from current levels.