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 50, which is 19 points higher than the waste management industry average of 31. It passed 17 out of 33 due diligence checks and has strong fundamentals. Heritage Crystal Clean has seen its stock return 24.47% over the past year, overperforming other waste management stocks by 11 percentage points.

Heritage Crystal Clean has an average 1 year price target of $44.17, an upside of 30.79% from Heritage Crystal Clean's current stock price of $33.77.

Heritage Crystal Clean stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Heritage Crystal Clean, 50% have issued a Strong Buy rating, 50% 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 49, which is 18 points higher than the waste management industry average of 31. It passed 16 out of 33 due diligence checks and has strong fundamentals. Clean Harbors has seen its stock return 59.83% over the past year, overperforming other waste management stocks by 47 percentage points.

Clean Harbors has an average 1 year price target of $155.71, an upside of 7.33% from Clean Harbors's current stock price of $145.08.

Clean Harbors stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Clean Harbors, 28.57% have issued a Strong Buy rating, 57.14% have issued a Buy, 14.29% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Waste Management (NYSE:WM) is the third best waste management stock with a Zen Score of 44, which is 13 points higher than the waste management industry average of 31. It passed 16 out of 38 due diligence checks and has strong fundamentals. Waste Management has seen its stock return 2.08% over the past year, underperforming other waste management stocks by -11 percentage points.

Waste Management has an average 1 year price target of $175.22, an upside of 8.64% from Waste Management's current stock price of $161.28.

Waste Management stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Waste Management, 33.33% have issued a Strong Buy rating, 22.22% have issued a Buy, 44.44% have issued a hold, while 0% 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 1.64%, which is 1 percentage points higher than the waste management industry average of 0.97%. 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 48.2% indicates that its dividend yield is sustainable for the long-term.

Republic Services (NYSE:RSG) has an annual dividend yield of 1.38%, which is the same as the waste management industry average of 0.97%. 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 40.4% indicates that its dividend yield is sustainable for the long-term.

Waste Connections (NYSE:WCN) has an annual dividend yield of 0.72%, which is the same as the waste management industry average of 0.97%. Waste Connections's dividend payout is not stable, having dropped more than 10% three 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 29.2% indicates that its dividend yield is sustainable for the long-term.

Waste management stocks were up 0.28% in the last day, and down -0.85% 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:

Janone (NASDAQ:JAN) is the most undervalued waste management stock based on WallStreetZen's Valuation Score. Janone has a valuation score of 71, which is 42 points higher than the waste management industry average of 29. It passed 5 out of 7 valuation due diligence checks.

Janone's stock has dropped -48.53% in the past year. It has underperformed other stocks in the waste management industry by -62 percentage points.

Heritage Crystal Clean (NASDAQ:HCCI) is the second most undervalued waste management stock based on WallStreetZen's Valuation Score. Heritage Crystal Clean has a valuation score of 57, which is 28 points higher than the waste management industry average of 29. It passed 4 out of 7 valuation due diligence checks.

Heritage Crystal Clean's stock has gained 24.47% in the past year. It has overperformed other stocks in the waste management industry by 11 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 57, which is 28 points higher than the waste management industry average of 29. It passed 4 out of 7 valuation due diligence checks.

Stericycle's stock has dropped -12.94% in the past year. It has underperformed other stocks in the waste management industry by -26 percentage points.