Waste Management Stock Outlook: Is Wall Street Bullish or Bearish?

Valued at a market cap of $93.9 billion, Waste Management, Inc. (WM) provides environmental solutions to residential, commercial, industrial, and municipal customers. The Houston, Texas-based company offers waste collection, transfer, recycling, resource recovery, and disposal solutions. It also owns and operates transfer stations and landfill gas-to-energy facilities that generate renewable electricity and natural gas.

This waste management company has lagged behind the broader market over the past 52 weeks. Shares of WM have gained 14.7% over this time frame, while the broader S&P 500 Index ($SPX) has surged 20.6%. However, on a YTD basis, the stock is up 15.5%, outshining SPX’s 9.6% rise.