Waste Management, Inc. (NYSE:WM) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Waste Management, Inc. (NYSE:WM) has received an average recommendation of “Moderate Buy” from the twenty brokerages that are currently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $258.8889.

Several equities research analysts recently commented on the stock. TD Cowen upped their price target on shares of Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Royal Bank Of Canada lifted their price target on Waste Management from $240.00 to $244.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Citigroup upped their price target on Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Scotiabank lifted their target price on Waste Management from $250.00 to $260.00 and gave the company a “sector perform” rating in a research note on Thursday, July 16th. Finally, Oppenheimer reduced their price target on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating for the company in a research report on Wednesday, July 8th.

Waste Management Trading Down 0.1%

NYSE:WM opened at $223.87 on Monday. The stock has a fifty day simple moving average of $228.06 and a 200 day simple moving average of $227.79. The firm has a market capitalization of $89.48 billion, a price-to-earnings ratio of 31.71, a price-to-earnings-growth ratio of 2.83 and a beta of 0.44. Waste Management has a 1-year low of $194.11 and a 1-year high of $248.13. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.24.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.04. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The firm had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the previous year, the company earned $1.92 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. Sell-side analysts forecast that Waste Management will post 8.13 earnings per share for the current year.

Institutional Investors Weigh In On Waste Management

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WM. Elevated Capital Advisors LLC acquired a new position in Waste Management in the 4th quarter worth about $25,000. Financial Network Wealth Advisors LLC lifted its holdings in shares of Waste Management by 55.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock valued at $29,000 after buying an additional 47 shares during the last quarter. RHL Group LLC bought a new stake in shares of Waste Management in the 4th quarter valued at approximately $29,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Waste Management in the 4th quarter valued at approximately $29,000. Finally, JPL Wealth Management LLC acquired a new position in Waste Management in the third quarter worth approximately $30,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

About Waste Management

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.