On Oct 31, major Wall Street analysts update their ratings for $Waste Management (WM.US)$, with price targets ranging from $225 to $255.
Morgan Stanley analyst Toni Kaplan maintains with a hold rating, and adjusts the target price from $214 to $227.
UBS analyst Jon Windham maintains with a hold rating, and adjusts the target price from $205 to $226.
Jefferies analyst Stephanie Moore maintains with a buy rating, and adjusts the target price from $256 to $255.
TD Cowen analyst James Schumm maintains with a buy rating, and adjusts the target price from $235 to $250.
Oppenheimer analyst Noah Kaye maintains with a buy rating, and adjusts the target price from $224 to $230.
Furthermore, according to the comprehensive report, the opinions of $Waste Management (WM.US)$'s main analysts recently are as follows:
Following a 'solid' Q3 report, the implied Q4 outlook is viewed as 'very achievable,' and the setup for 2025 is considered 'far more interesting.'
The company's Q3 earnings surpassed expectations, which is seen as a positive indicator of its consistent core unit profitability growth. Additionally, there is optimism surrounding the visible earnings increase due to maturing green capital expenditures and the enhancement of free cash flow conversion.
The company is poised to achieve exceptional growth in 2025 due to a mix of enhanced returns from its investments related to sustainability, strategic acquisitions, and inherent advancements in its solid waste segment. Nonetheless, it's assessed that this positive outlook is considerably incorporated into the present market valuation.
WM's shares experienced an uptick following a third-quarter performance that surpassed top and bottom line consensus expectations, coupled with an increase in the projected midpoint for FY24 free cash flow, outpacing market predictions. The company's focus on technology-driven productivity investments continues to enhance favorable industry-level price cost dynamics, potentially leading to significant core margin growth extending into FY25.
Following a robust Q3 earnings release, the company demonstrated considerable pricing and volume growth along with a new peak in Adjusted EBITDA margin at 30.5%. The company has been experiencing benefits from an expanded price-cost spread, the divestment of low-margin volume, enhanced employee retention, and ongoing technology investments. Expectations are set for ongoing growth in the Solid Waste segment, greater contributions from sustainability investments, and the assimilation of Stericycle, which is anticipated to lead to significant advancements in revenue, earnings, and free cash flow.
Here are the latest investment ratings and price targets for $Waste Management (WM.US)$ from 8 analysts:
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美東時間10月31日，多家華爾街大行更新了$美國廢物管理 (WM.US)$的評級，目標價介於225美元至255美元。
摩根士丹利分析師Toni Kaplan維持持有評級，並將目標價從214美元上調至227美元。
瑞士銀行分析師Jon Windham維持持有評級，並將目標價從205美元上調至226美元。
富瑞集團分析師Stephanie Moore維持買入評級，並將目標價從256美元下調至255美元。
TD Cowen分析師James Schumm維持買入評級，並將目標價從235美元上調至250美元。
奧本海默控股分析師Noah Kaye維持買入評級，並將目標價從224美元上調至230美元。
此外，綜合報道，$美國廢物管理 (WM.US)$近期主要分析師觀點如下：
在一份「紮實」的Q3報告之後，預計Q4的展望被視爲「非常可以實現」，2025年的預期被認爲「更加有趣。」
公司的Q3盈利超出預期，被視爲其持續核心盈利增長的積極指標。此外，由於成熟的綠色資本支出和自由現金流轉化的增強，對於可見盈利增加的樂觀情緒也在蔓延。
由於可持續性相關投資、戰略收購以及其固體廢物板塊的固有先進性的增強回報組合，公司有望在2025年實現卓越增長。然而，人們評估認爲這一積極的展望已經相當程度地被納入了目前的市場估值中。
在第三季度業績超過業內外預期的情況下，WM的股票經歷了上漲，還有FY24自由現金流中點的預期增加，超過了市場預測。公司專注於以技術驅動的生產力投資，持續增強有利的行業價格成本動態，可能導致FY25的顯著核心利潤率增長。
在強勁的Q3盈利發佈之後，公司展現了相當的定價和成交量增長，調整後的EBITDA邊際率達到了30.5%的新高。公司在擴大價格成本差、剝離低利潤成交量、增強員工保留以及持續的科技投資方面獲益。預計固體廢物板塊的持續增長，可持續性投資帶來更大貢獻，以及對消毒循環的整合，預計將導致營收、收益和自由現金流方面的顯著進展。
以下爲今日8位分析師對$美國廢物管理 (WM.US)$的最新投資評級及目標價：
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