Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Waste Management Inc. (NYSE: WM) weakened of late. WM’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Waste Management Inc. (NYSE: WM) stock closed at $208.81 on 5/24/24 after a slight decline of -0.3%. However, this decline was accompanied by below average trading volume at 79% of normal. The stock has declined -1.6% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
WM is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Waste Management has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Waste Management has a poor Appreciation Score of 27 but a very high Power Rating of 95, triggering the High Neutral Value Trend Rating.
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