Waste Management (NYSE:WM)‘s stock had its “buy” rating restated by stock analysts at Raymond James in a research note issued to investors on Monday, October 29th.
Several other research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Waste Management from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a research report on Thursday, September 20th. Oppenheimer restated a “buy” rating and set a $95.00 target price on shares of Waste Management in a research report on Thursday, October 25th. ValuEngine upgraded shares of Waste Management from a “hold” rating to a “buy” rating in a research report on Tuesday, September 18th. UBS Group set a $90.00 target price on shares of Waste Management and gave the company a “hold” rating in a research report on Friday, October 26th. Finally, BMO Capital Markets upped their target price on shares of Waste Management to $98.00 and gave the company an “overweight” rating in a research report on Monday, October 8th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $96.83.
Shares of NYSE:WM traded down $0.34 on Monday, hitting $91.11. The stock had a trading volume of 2,276,881 shares, compared to its average volume of 2,313,263. Waste Management has a twelve month low of $78.39 and a twelve month high of $93.29. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.84 and a current ratio of 0.87. The company has a market capitalization of $38.99 billion, a PE ratio of 28.30, a P/E/G ratio of 1.79 and a beta of 0.64.
Waste Management (NYSE:WM) last issued its quarterly earnings results on Thursday, October 25th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.04. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. Waste Management had a net margin of 15.60% and a return on equity of 27.93%. On average, analysts forecast that Waste Management will post 4.14 EPS for the current year.
In other news, VP Jeff M. Harris sold 24,500 shares of the company’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $90.00, for a total value of $2,205,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.30% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kiley Juergens Wealth Management LLC bought a new position in shares of Waste Management during the 2nd quarter worth approximately $100,000. Almanack Investment Partners LLC. acquired a new stake in shares of Waste Management in the 3rd quarter valued at approximately $112,000. Point72 Hong Kong Ltd boosted its holdings in shares of Waste Management by 1,095.4% in the 2nd quarter. Point72 Hong Kong Ltd now owns 1,303 shares of the business services provider’s stock valued at $106,000 after buying an additional 1,194 shares during the last quarter. Braun Bostich & Associates Inc. boosted its holdings in shares of Waste Management by 546.0% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,447 shares of the business services provider’s stock valued at $118,000 after buying an additional 1,223 shares during the last quarter. Finally, Vigilant Capital Management LLC boosted its holdings in shares of Waste Management by 200.0% in the 3rd quarter. Vigilant Capital Management LLC now owns 1,500 shares of the business services provider’s stock valued at $136,000 after buying an additional 1,000 shares during the last quarter. 75.00% of the stock is owned by institutional investors and hedge funds.
Waste Management Company Profile
Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.
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