Sectors & IndustriesIndustrialsWaste Management

Best Waste Management Stocks to Buy Now (2023)

Top waste management stocks in 2023 ranked by overall Zen Score. See the best waste management stocks to buy now, according to analyst forecasts for the waste management industry.

According to Zen Score, the 3 best waste management stocks to buy right now are:

Heritage Crystal Clean (NASDAQ:HCCI) is the top waste management stock with a Zen Score of 51, which is 21 points higher than the waste management industry average of 30. It passed 17 out of 33 due diligence checks and has strong fundamentals. Heritage Crystal Clean has seen its stock return 16.94% over the past year, overperforming other waste management stocks by 23 percentage points.

Heritage Crystal Clean has an average 1 year price target of $42.50, an upside of 25.93% from Heritage Crystal Clean's current stock price of $33.75.

Heritage Crystal Clean stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Heritage Crystal Clean, 25% have issued a Strong Buy rating, 75% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Clean Harbors (NYSE:CLH) is the second best waste management stock with a Zen Score of 50, which is 20 points higher than the waste management industry average of 30. It passed 17 out of 33 due diligence checks and has strong fundamentals. Clean Harbors has seen its stock return 23.96% over the past year, overperforming other waste management stocks by 30 percentage points.

Clean Harbors has an average 1 year price target of $141.25, an upside of 7.73% from Clean Harbors's current stock price of $131.11.

Clean Harbors stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Clean Harbors, 37.5% have issued a Strong Buy rating, 37.5% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Casella Waste Systems (NASDAQ:CWST) is the third best waste management stock with a Zen Score of 47, which is 17 points higher than the waste management industry average of 30. It passed 16 out of 33 due diligence checks and has strong fundamentals. Casella Waste Systems has seen its stock lose -6.73% over the past year, underperforming other waste management stocks by -1 percentage points.

Casella Waste Systems has an average 1 year price target of $90.25, an upside of 14.3% from Casella Waste Systems's current stock price of $78.96.

Casella Waste Systems stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Casella Waste Systems, 75% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 25% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 4 waste management stocks that have issued dividends in the past year, the 3 waste management stocks with the highest dividend yields are:

Waste Management (NYSE:WM) has an annual dividend yield of 1.72%, which is 1 percentage points higher than the waste management industry average of 1.01%. Waste Management's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Waste Management's dividend has shown consistent growth over the last 10 years.

Waste Management's dividend payout ratio of 48% indicates that its dividend yield is sustainable for the long-term.

Republic Services (NYSE:RSG) has an annual dividend yield of 1.46%, which is the same as the waste management industry average of 1.01%. Republic Services's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Republic Services's dividend has shown consistent growth over the last 10 years.

Republic Services's dividend payout ratio of 40.6% indicates that its dividend yield is sustainable for the long-term.

Waste Connections (NYSE:WCN) has an annual dividend yield of 0.73%, which is the same as the waste management industry average of 1.01%. Waste Connections's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. Waste Connections's dividend has shown consistent growth over the last 10 years.

Waste Connections's dividend payout ratio of 29.1% indicates that its dividend yield is sustainable for the long-term.

Waste management stocks were up 1% in the last day, and down -0.67% over the last week.

We couldn't find a catalyst for why waste management stocks are up.

Based on WallStreetZen's Valuation Score, the 3 most undervalued waste management stocks right now are:

Heritage Crystal Clean (NASDAQ:HCCI) is the most undervalued waste management stock based on WallStreetZen's Valuation Score. Heritage Crystal Clean has a valuation score of 57, which is 34 points higher than the waste management industry average of 23. It passed 4 out of 7 valuation due diligence checks.

Heritage Crystal Clean's stock has gained 16.94% in the past year. It has overperformed other stocks in the waste management industry by 23 percentage points.

Clean Harbors (NYSE:CLH) is the second most undervalued waste management stock based on WallStreetZen's Valuation Score. Clean Harbors has a valuation score of 43, which is 20 points higher than the waste management industry average of 23. It passed 3 out of 7 valuation due diligence checks.

Clean Harbors's stock has gained 23.96% in the past year. It has overperformed other stocks in the waste management industry by 30 percentage points.

Stericycle (NASDAQ:SRCL) is the third most undervalued waste management stock based on WallStreetZen's Valuation Score. Stericycle has a valuation score of 43, which is 20 points higher than the waste management industry average of 23. It passed 3 out of 7 valuation due diligence checks.

Stericycle's stock has dropped -27.17% in the past year. It has underperformed other stocks in the waste management industry by -21 percentage points.