Headlines about Waste Management (NYSE:WM) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Waste Management earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 45.8121286588123 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the media stories that may have impacted Accern’s scoring:

Shares of Waste Management (NYSE:WM) traded up $0.10 during trading hours on Friday, hitting $88.06. 2,069,005 shares of the stock traded hands, compared to its average volume of 1,690,000. The firm has a market cap of $38,240.00, a PE ratio of 28.32, a PEG ratio of 2.64 and a beta of 0.75. The company has a quick ratio of 0.68, a current ratio of 0.71 and a debt-to-equity ratio of 1.60. Waste Management has a one year low of $69.00 and a one year high of $88.73.

Waste Management (NYSE:WM) last released its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.02. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.71 billion. Waste Management had a net margin of 9.66% and a return on equity of 25.61%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.84 EPS. sell-side analysts forecast that Waste Management will post 3.2 EPS for the current fiscal year.

Waste Management declared that its board has initiated a share buyback program on Thursday, December 14th that authorizes the company to buyback $1.25 billion in shares. This buyback authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Several equities analysts have recently commented on the stock. KeyCorp boosted their target price on shares of Waste Management from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. BMO Capital Markets boosted their target price on shares of Waste Management from $82.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Oppenheimer boosted their target price on shares of Waste Management from $82.00 to $87.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Zacks Investment Research upgraded shares of Waste Management from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a research report on Monday, January 8th. Finally, Stifel Nicolaus cut shares of Waste Management from a “buy” rating to a “hold” rating and dropped their target price for the company from $85.00 to $80.00 in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Waste Management currently has an average rating of “Buy” and a consensus target price of $86.78.

In related news, Director Patrick W. Gross sold 387 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $88.30, for a total transaction of $34,172.10. Following the completion of the transaction, the director now directly owns 30,673 shares in the company, valued at approximately $2,708,425.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Barry H. Caldwell sold 1,650 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $81.10, for a total transaction of $133,815.00. The disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.

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Waste Management Company Profile

Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.

Insider Buying and Selling by Quarter for Waste Management (NYSE:WM)

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