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:

Clean Harbors (NYSE:CLH) is the top waste management stock with a Zen Score of 48, which is 22 points higher than the waste management industry average of 26. It passed 16 out of 33 due diligence checks and has strong fundamentals. Clean Harbors has seen its stock return 42.42% over the past year, overperforming other waste management stocks by 39 percentage points.

Clean Harbors has an average 1 year price target of $185.29, an upside of 13.1% from Clean Harbors's current stock price of $163.83.

Clean Harbors stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Clean Harbors, 42.86% have issued a Strong Buy rating, 42.86% 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 second best waste management stock with a Zen Score of 42, which is 16 points higher than the waste management industry average of 26. It passed 15 out of 38 due diligence checks and has strong fundamentals. Waste Management has seen its stock lose -8.41% over the past year, underperforming other waste management stocks by -12 percentage points.

Waste Management has an average 1 year price target of $178.43, an upside of 18% from Waste Management's current stock price of $151.21.

Waste Management stock has a consensus Buy recommendation according to Wall Street analysts. Of the 14 analysts covering Waste Management, 28.57% have issued a Strong Buy rating, 14.29% have issued a Buy, 57.14% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Heritage Crystal Clean (NASDAQ:HCCI) is the third best waste management stock with a Zen Score of 41, which is 15 points higher than the waste management industry average of 26. It passed 14 out of 33 due diligence checks and has strong fundamentals. Heritage Crystal Clean has seen its stock return 49.65% over the past year, overperforming other waste management stocks by 46 percentage points.

Heritage Crystal Clean has an average 1 year price target of $45.58, an upside of 0.56% from Heritage Crystal Clean's current stock price of $45.33.

Heritage Crystal Clean stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Heritage Crystal Clean, 33.33% have issued a Strong Buy rating, 33.33% have issued a Buy, 33.33% 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 1.82%, which is 1 percentage points higher than the waste management industry average of 1.04%. 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 1.43%, which is the same as the waste management industry average of 1.04%. 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 39.8% indicates that its dividend yield is sustainable for the long-term.

Waste Connections (NYSE:WCN) has an annual dividend yield of 0.77%, which is the same as the waste management industry average of 1.04%. 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 30.5% indicates that its dividend yield is sustainable for the long-term.

Waste management stocks were down -1.41% in the last day, and down -3.96% over the last week.

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

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 49 points higher than the waste management industry average of 22. It passed 5 out of 7 valuation due diligence checks.

Janone's stock has dropped -80.93% in the past year. It has underperformed other stocks in the waste management industry by -84 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 43, which is 21 points higher than the waste management industry average of 22. It passed 3 out of 7 valuation due diligence checks.

Heritage Crystal Clean's stock has gained 49.65% in the past year. It has overperformed other stocks in the waste management industry by 46 percentage points.

Republic Services (NYSE:RSG) is the third most undervalued waste management stock based on WallStreetZen's Valuation Score. Republic Services has a valuation score of 29, which is 7 points higher than the waste management industry average of 22. It passed 2 out of 7 valuation due diligence checks.

Republic Services's stock has gained 1.34% in the past year. It has underperformed other stocks in the waste management industry by -2 percentage points.