Waste Management, Inc. (NYSE:WM) Receives $217.61 Consensus Price Target from Brokerages

Waste Management, Inc. (NYSE:WMGet Free Report) has received an average rating of “Hold” from the nineteen analysts that are covering the stock, Marketbeat reports. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $217.61.

A number of equities research analysts have commented on the company. Oppenheimer upped their price target on Waste Management from $221.00 to $228.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Jefferies Financial Group upped their price target on Waste Management from $230.00 to $256.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Deutsche Bank Aktiengesellschaft assumed coverage on Waste Management in a research report on Wednesday, May 22nd. They issued a “buy” rating and a $241.00 price target on the stock. Truist Financial upped their price target on Waste Management from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, BMO Capital Markets upped their target price on Waste Management from $207.00 to $212.00 and gave the company a “market perform” rating in a research report on Friday, April 26th.

Get Our Latest Stock Report on Waste Management

Waste Management Price Performance

Shares of WM opened at $210.01 on Wednesday. Waste Management has a 12-month low of $149.71 and a 12-month high of $214.54. The business has a 50-day simple moving average of $208.07 and a two-hundred day simple moving average of $201.65. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.23. The stock has a market cap of $84.23 billion, a PE ratio of 34.37, a PEG ratio of 2.45 and a beta of 0.74.

Waste Management (NYSE:WMGet Free Report) last issued its earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.23. Waste Management had a return on equity of 38.61% and a net margin of 11.98%. The business had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter in the prior year, the firm earned $1.31 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Analysts anticipate that Waste Management will post 7.31 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Friday, June 7th. Waste Management’s dividend payout ratio (DPR) is currently 49.10%.

Insider Transactions at Waste Management

In other news, VP Michael J. Watson sold 4,208 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $204.28, for a total value of $859,610.24. Following the completion of the sale, the vice president now directly owns 45,644 shares of the company’s stock, valued at $9,324,156.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.18% of the company’s stock.

Institutional Trading of Waste Management

Several institutional investors and hedge funds have recently modified their holdings of the stock. Hexagon Capital Partners LLC increased its position in shares of Waste Management by 170.5% during the first quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 75 shares during the last quarter. Sachetta LLC purchased a new stake in shares of Waste Management during the fourth quarter valued at approximately $27,000. Gilfoyle & Co LLC purchased a new stake in shares of Waste Management during the fourth quarter valued at approximately $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Waste Management during the second quarter valued at approximately $31,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Waste Management during the first quarter valued at approximately $35,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

About Waste Management

(Get Free Report

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers 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 and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.

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Analyst Recommendations for Waste Management (NYSE:WM)

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