Waste Management, Inc. (NYSE:WM) had its price objective hoisted by stock analysts at Oppenheimer Holdings, Inc. from $82.00 to $87.00 in a research note issued to investors on Friday, October 27th. The brokerage currently has an “outperform” rating on the business services provider’s stock. Oppenheimer Holdings, Inc.’s price objective would suggest a potential upside of 6.98% from the company’s current price.
A number of other research firms also recently weighed in on WM. Zacks Investment Research downgraded Waste Management from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. BMO Capital Markets upped their price objective on Waste Management from $82.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, October 27th. KeyCorp restated a “buy” rating and issued a $88.00 price target on shares of Waste Management in a report on Friday, October 27th. Bank of America Corporation lowered their price target on Waste Management from $85.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, October 5th. Finally, Stifel Nicolaus cut Waste Management from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $85.00 to $80.00 in a research report on Wednesday, October 4th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $81.81.
Waste Management (WM) opened at $81.32 on Friday. 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 $66.40 and a one year high of $82.87. The firm has a market capitalization of $35,310.46, a P/E ratio of 26.06, a P/E/G ratio of 2.64 and a beta of 0.76.
Waste Management (NYSE:WM) last issued its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.02. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.71 billion. Waste Management had a return on equity of 25.61% and a net margin of 9.66%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.84 EPS. research analysts predict that Waste Management will post 3.2 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Pittenger & Anderson Inc. lifted its holdings in Waste Management by 0.9% during the 3rd quarter. Pittenger & Anderson Inc. now owns 78,895 shares of the business services provider’s stock worth $6,175,000 after buying an additional 665 shares during the period. Sii Investments Inc. WI bought a new position in shares of Waste Management in the 3rd quarter worth about $207,000. Tiedemann Wealth Management LLC bought a new position in shares of Waste Management in the 3rd quarter worth about $234,000. Schwab Charles Investment Management Inc. raised its position in shares of Waste Management by 0.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,403,118 shares of the business services provider’s stock worth $109,823,000 after acquiring an additional 7,843 shares in the last quarter. Finally, Barings LLC raised its position in shares of Waste Management by 536.7% in the 3rd quarter. Barings LLC now owns 48,758 shares of the business services provider’s stock worth $3,816,000 after acquiring an additional 41,100 shares in the last quarter. 76.48% of the stock is currently owned by hedge funds and other institutional investors.
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.
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