The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell".
The average consensus recommendation for the environmental services & equipment peer group is "buy".
Wall Street's median 12-month price target for Waste Management Inc is $260.00, about 9.3% above its July 27 closing price of $237.90.
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 27 three months ago.
Q2 revenue rises on pricing and yield
US waste services provider's Q2 revenue rose 4% but slightly missed analyst expectations.
Adjusted EPS for Q2 beat analyst expectations.
Company returned over $1 bln to shareholders via buybacks and dividends in Q2.
Revenue growth driven by pricing, recycling and cost discipline
Pricing and yield - Revenue growth was driven by core price increases of 5.7% and Collection and Disposal yield of 3.6%.
Recycling and renewable energy - Higher volumes and efficiencies from automation projects, along with increased renewable natural gas production, boosted segment EBITDA.
Cost discipline - Operating expenses as a percentage of revenue remained stable despite higher fuel costs, and SG&A expenses improved 60 basis points.
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