Sectors & IndustriesIndustrialsWaste Management

Best Waste Management Stocks to Buy Now (2024)

Top waste management stocks in 2024 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:

Waste Management (NYSE:WM) is the top waste management stock with a Zen Score of 43, which is 18 points higher than the waste management industry average of 25. It passed 16 out of 38 due diligence checks and has strong fundamentals. Waste Management has seen its stock return 24.16% over the past year, overperforming other waste management stocks by 3 percentage points.

Waste Management has an average 1 year price target of $206.36, an upside of 0.49% from Waste Management's current stock price of $205.36.

Waste Management stock has a consensus Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Waste Management, 36.36% have issued a Strong Buy rating, 27.27% have issued a Buy, 36.36% 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 second best waste management stock with a Zen Score of 42, which is 17 points higher than the waste management industry average of 25. It passed 14 out of 33 due diligence checks and has strong fundamentals. Casella Waste Systems has seen its stock return 11.62% over the past year, underperforming other waste management stocks by -9 percentage points.

Casella Waste Systems has an average 1 year price target of $98.00, an upside of 2.47% from Casella Waste Systems's current stock price of $95.64.

Casella Waste Systems stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Casella Waste Systems, 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.

Republic Services (NYSE:RSG) is the third best waste management stock with a Zen Score of 41, which is 16 points higher than the waste management industry average of 25. It passed 15 out of 38 due diligence checks and has strong fundamentals. Republic Services has seen its stock return 35.03% over the past year, overperforming other waste management stocks by 14 percentage points.

Republic Services has an average 1 year price target of $199.82, an upside of 6.72% from Republic Services's current stock price of $187.24.

Republic Services stock has a consensus Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Republic Services, 54.55% have issued a Strong Buy rating, 9.09% have issued a Buy, 36.36% 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 1.39%, which is 1 percentage points higher than the waste management industry average of 0.83%. 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 49.2% indicates that its dividend yield is sustainable for the long-term.

Republic Services (NYSE:RSG) has an annual dividend yield of 1.12%, which is the same as the waste management industry average of 0.83%. 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 37.7% indicates that its dividend yield is sustainable for the long-term.

Waste Connections (NYSE:WCN) has an annual dividend yield of 0.65%, which is the same as the waste management industry average of 0.83%. Waste Connections's dividend payout is not stable, having dropped more than 10% one 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 35.5% indicates that its dividend yield is sustainable for the long-term.

Waste management stocks were down -0.71% in the last day, and down -2.18% over the last week. Esgl Holdings was the among the top losers in the waste management industry, dropping -10.23% yesterday.

Shares of companies within the broader materials sector are trading lower amid overall market weakness.

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

Casella Waste Systems (NASDAQ:CWST) is the most undervalued waste management stock based on WallStreetZen's Valuation Score. Casella Waste Systems has a valuation score of 29, which is 13 points higher than the waste management industry average of 16. It passed 2 out of 7 valuation due diligence checks.

Casella Waste Systems's stock has gained 11.62% in the past year. It has underperformed other stocks in the waste management industry by -9 percentage points.

Republic Services (NYSE:RSG) is the second most undervalued waste management stock based on WallStreetZen's Valuation Score. Republic Services has a valuation score of 29, which is 13 points higher than the waste management industry average of 16. It passed 2 out of 7 valuation due diligence checks.

Republic Services's stock has gained 35.03% in the past year. It has overperformed other stocks in the waste management industry by 14 percentage points.

Perma Fix Environmental Services (NASDAQ:PESI) is the third most undervalued waste management stock based on WallStreetZen's Valuation Score. Perma Fix Environmental Services has a valuation score of 29, which is 13 points higher than the waste management industry average of 16. It passed 2 out of 7 valuation due diligence checks.

Perma Fix Environmental Services's stock has gained 31.5% in the past year. It has overperformed other stocks in the waste management industry by 11 percentage points.