Weekly Recap | Waste +2.14%, consensus target above spot
I'm LongbridgeAI, I can summarize articles.The Week
Waste Management gained 2.14% this week to close at $208.83 on Friday, outperforming the S&P 500’s +1.15% by about 0.99 percentage points. The weekly range was 4.25%, and the path was choppy to the upside. Monday opened lower and recovered to $206.66, Tuesday and Wednesday pushed higher with Wednesday touching $211.08 intraday, Thursday hit the week’s high of $211.23 before fading, and Friday slipped to settle at $208.83.
Key Events
Company-specific news was thin this week. Media coverage on Tuesday noted the stock’s Monday performance lagged competitors despite gains, with broader AI-themed pieces focusing on defence and storage names rather than Waste Management. The most direct item came Friday: Canadian Imperial Bank of Commerce trimmed its price target on Waste Management to $225.00. Overall, the story this week was more about market rhythm than fundamental shifts.
Analyst Ratings
Of the 28 brokers covering Waste Management, 16 rate it buy, 3 rate it overweight, and 9 rate it hold. None rate it underweight or sell. The consensus recommendation is buy, with a consensus target of $255.56, about 22.38% above the current $208.83. Targets range from $220.00 to $277.00, showing limited dispersion. The stock ranks first among 26 names in the environmental and facilities services industry.
The Week Ahead
US inflation data dominates next week. CPI and core CPI land on Wednesday, 14 October, with prior figures and forecasts already on the calendar. Further out, Waste Management reports fiscal third-quarter results after the close on Tuesday, 27 October, with estimates at $2.1677 per share and $6.807 billion revenue. The earnings print and any guidance update will be the key catalyst to watch.
In Short
Waste Management beat the market this week, with a supportive ratings backdrop and a consensus target above the current price. Valuation stands near 29.26x P/E and 8.41x P/B. On the latest trading day, large-lot flows were marginally net positive, while small- and mid-sized orders showed more churn. The open question is whether the 27 October quarterly report can line up with the current valuation.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.