Royal Bank of Canada upgraded shares of Waste Management (NYSE:WM) from a sector perform rating to an outperform rating in a research note issued to investors on Monday, Benzinga reports. They currently have $125.00 target price on the business services provider’s stock, up from their previous target price of $113.00.

Several other research firms have also issued reports on WM. UBS Group lowered shares of Waste Management from a buy rating to a neutral rating and lifted their price target for the stock from $103.00 to $106.00 in a research report on Thursday, April 4th. Oppenheimer lifted their price target on shares of Waste Management from $108.00 to $115.00 and gave the stock an outperform rating in a research report on Friday, April 26th. Argus lifted their price target on shares of Waste Management from $110.00 to $115.00 and gave the stock a buy rating in a research report on Friday, April 26th. Stifel Nicolaus upgraded shares of Waste Management from a hold rating to a buy rating in a research report on Monday, April 15th. Finally, KeyCorp assumed coverage on shares of Waste Management in a research report on Monday, February 4th. They issued an overweight rating and a $96.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $111.11.

Shares of NYSE:WM opened at $111.37 on Monday. Waste Management has a 12 month low of $79.96 and a 12 month high of $111.83. The company has a market cap of $46.45 billion, a P/E ratio of 26.52, a PEG ratio of 2.96 and a beta of 0.62. The company has a current ratio of 0.69, a quick ratio of 0.66 and a debt-to-equity ratio of 1.45.

Waste Management (NYSE:WM) last announced its earnings results on Thursday, April 25th. The business services provider reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.03. Waste Management had a return on equity of 29.12% and a net margin of 12.43%. The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.68 billion. During the same quarter in the previous year, the company earned $0.91 earnings per share. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. As a group, analysts anticipate that Waste Management will post 4.32 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be given a dividend of $0.5125 per share. This represents a $2.05 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Thursday, June 6th. Waste Management’s payout ratio is 48.81%.

In other Waste Management news, EVP John J. Morris sold 42,795 shares of Waste Management stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $106.38, for a total transaction of $4,552,532.10. Following the transaction, the executive vice president now directly owns 101,332 shares in the company, valued at approximately $10,779,698.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Michael J. Watson sold 700 shares of Waste Management stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $104.55, for a total transaction of $73,185.00. Following the transaction, the vice president now owns 9,518 shares in the company, valued at $995,106.90. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hancock Whitney Corp grew its holdings in shares of Waste Management by 0.8% during the 1st quarter. Hancock Whitney Corp now owns 12,367 shares of the business services provider’s stock valued at $1,284,000 after acquiring an additional 94 shares in the last quarter. IFG Advisory LLC grew its holdings in shares of Waste Management by 2.1% during the 1st quarter. IFG Advisory LLC now owns 4,846 shares of the business services provider’s stock valued at $503,000 after acquiring an additional 99 shares in the last quarter. CHICAGO TRUST Co NA grew its holdings in shares of Waste Management by 1.5% during the 1st quarter. CHICAGO TRUST Co NA now owns 6,933 shares of the business services provider’s stock valued at $720,000 after acquiring an additional 100 shares in the last quarter. Welch & Forbes LLC grew its holdings in shares of Waste Management by 1.9% during the 1st quarter. Welch & Forbes LLC now owns 5,485 shares of the business services provider’s stock valued at $570,000 after acquiring an additional 100 shares in the last quarter. Finally, Shepherd Financial Partners LLC grew its holdings in shares of Waste Management by 3.0% during the 1st quarter. Shepherd Financial Partners LLC now owns 3,476 shares of the business services provider’s stock valued at $361,000 after acquiring an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 73.62% of the company’s stock.

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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Analyst Recommendations for Waste Management (NYSE:WM)

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