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Waste Management, Inc.

WM · NYSE

Market closed$239.31$-2.94 (-1.21%)After hours $238.85 · -0.19%

Key statistics

Previous close$242.25
Open$244.75
Day high$247.15
Day low$236.94
52-week high$248.13
52-week low$194.11
Market cap96.10B
Volume2.16M
Average volume2.18M
P/E ratio31.32
Forward P/E14.11
EPS7.64
Dividend yield+1.48%

Market context

Why it moved

WM shares declined as broader market concerns about escalating U.S.-Iran tensions driving oil prices higher and reigniting inflation worries weighed on equities, offsetting the company's recently reported better-than-expected earnings and positive analyst sentiment.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026Waste Management shares closed modestly lower, giving back some of the week's gains amid a broad market risk-off session driven by escalating U.S.-Iran military strikes, AI sentiment concerns, and a Netflix earnings miss. Despite the pullback, investor focus remains firmly on WM's July 28 Q2 earnings report, supported by a wave of recent analyst target hikes — including Citigroup raising its target to $269, Scotiabank lifting to $260, and JPMorgan maintaining an Overweight with a $270 target — alongside strong Q1 results where EPS of $1.81 beat estimates, free cash flow nearly doubled to $920 million, and the company reaffirmed full-year guidance.

-1.2136

July 17, 2026Waste Management shares gained over 4% — outperforming a broadly weaker industrial sector (XLI) and a modestly lower S&P 500 — as a wave of analyst target hikes and pre-earnings optimism lifted sentiment. Scotiabank raised its price target to $260, Wells Fargo reiterated its Buy with a $268 target, and Citigroup lifted its target to $269, keeping Wall Street constructive ahead of the company's Q2 2026 earnings report due July 28. Investors appear to be pricing in continued execution on pricing discipline, sustainability investments in renewable energy and recycling, and progress integrating WM Healthcare Solutions, following a Q1 beat where EPS of $1.81 topped estimates by $0.06 and free cash flow nearly doubled to $920 million.

4.0593

July 16, 2026Waste Management closed modestly lower, pulling back from recent highs as investors look ahead to the company's July 28 earnings report, where analysts expect EPS of approximately $2.00. The stock's mild dip came despite continued analyst support—Wells Fargo reiterated a Buy with a $268 price target today, and Citigroup recently raised its target to $269—while the broader industrials sector (XLI) also edged down amid a mixed market environment driven by ongoing US-Iran tensions and elevated oil prices.

-0.6275

July 15, 2026Waste Management closed modestly lower despite the previous session's outperformance, as investors locked in gains ahead of the company's July 28 earnings report. The pullback came amid a broader market rally driven by a softer-than-expected June CPI print, with the industrials sector (XLI) also closing lower — suggesting some profit-taking in defensive names. Analyst sentiment remains broadly constructive, with Citigroup recently raising its price target to $269 (Buy) and CIBC upgrading to Outperform ($244 target), while the consensus sits at Moderate Buy with an average target of $256.20 — well above current levels.

-1.0308

July 14, 2026Waste Management closed modestly higher, outperforming a broadly weak market weighed down by renewed U.S.-Iran tensions and a chip stock selloff. The defensive appeal of WM's resilient business model drew investors seeking stability amid macro uncertainty, with Citigroup recently raising its price target to $269 (Buy) and analysts maintaining a consensus "Moderate Buy" with an average target of $256.20. The gain builds on Q1 momentum, where the company posted EPS of $1.81 (beating estimates), nearly doubled free cash flow to $920M, and highlighted strong H2 visibility from its sustainability and Healthcare Solutions segments.

1.4486

July 11, 2026Waste Management closed modestly higher, buoyed by a fresh Citigroup price target increase to $269 (from $263) with a maintained Buy rating, adding to a string of recent analyst upgrades including CIBC's July 7 upgrade to Outperform. The positive analyst sentiment reflects confidence in WM's Q1 2026 beat — EPS of $1.81 vs. $1.75 consensus, free cash flow nearly doubling to $920M — and growing enthusiasm around its renewable natural gas expansion and WM Healthcare Solutions integration, which management expects to inflect to revenue growth in H2 2026.

0.7165

July 10, 2026Waste Management closed modestly lower amid a broader market pullback driven by renewed US-Iran geopolitical tensions and rising oil prices, though the stock found some support from a wave of positive analyst activity. Citigroup raised its price target to $269 from $263, while CIBC upgraded WM to Outperform with a $244 target earlier this week, reinforcing a bullish analyst consensus. Investors are also watching the company's upcoming Q2 earnings, recent additions to Russell value indices, and progress on the Stericycle/WM Healthcare Solutions integration, which delivered nearly 12% EBITDA growth in Q1 2026.

-0.9703

July 9, 2026Waste Management closed modestly lower as a broad market risk-off move — triggered by President Trump declaring the U.S.-Iran ceasefire 'over,' sending oil prices surging over 5% — weighed on defensive industrials alongside the wider market. The selloff overshadowed a fresh analyst upgrade: CIBC raised WM to Outperform with a $244 target, and the stock remains in focus ahead of its Q2 earnings report, with its recent addition to Russell value indices drawing additional institutional interest. Analysts maintain a Moderate Buy consensus with an average target of ~$255, implying meaningful upside from current levels.

-1.3785

MarketWatch · July 17, 2026Waste Management Inc. stock outperforms competitors on strong trading dayTradingView · July 17, 2026Waste Management Network & Steady Returns Aid WM Amid High DebtMarketBeat · July 17, 2026FY2026 EPS Forecast for Waste Management Lowered by AnalystQuiver Quantitative · July 16, 2026WM climbs as analyst target hikes and steady-growth expectations lift sharesWaste Dive · May 20, 2026WM Canada, Ecomaine, Lautenbach and Tomra investing in recycling facilitiesInvesting.com · March 9, 2026Waste management (WM) president Morris sells $1.95 million in stock
Benzinga · July 16, 2026Scotiabank Maintains Sector Perform on Waste Management, Raises Price Target to $260
Mt Newswire · July 16, 2026Scotiabank Adjusts Price Target on Waste Management to $260 From $250, Maintains Sector Perform Rating
Benzinga · July 10, 2026Citigroup Maintains Buy on Waste Management, Raises Price Target to $269
Mt Newswire · July 9, 2026Citigroup Adjusts Price Target on Waste Management to $269 From $263
Benzinga · July 8, 2026Oppenheimer Maintains Outperform on Waste Management, Lowers Price Target to $263
Benzinga · July 7, 2026Here’s How Much You Would Have Made Owning Waste Management Stock In The Last 15 Years
Benzinga · July 7, 2026CIBC Upgrades Waste Management to Outperformer, Announces $244 Price Target
Benzinga · June 15, 2026'Waste Management of Canada Eyes Selling C$750 Million of Bonds' - Bloomberg

Peers

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