Waste Management (NYSE:WM) Given New $265.00 Price Target at Barclays

Waste Management (NYSE:WM) had its target price decreased by equities research analysts at Barclays from $266.00 to $265.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the business services provider’s stock. Barclays‘s price objective points to a potential upside of 19.61% from the company’s previous close.

WM has been the subject of several other reports. Sanford C. Bernstein boosted their price target on Waste Management from $255.00 to $260.00 and gave the company an “outperform” rating in a research note on Monday, January 5th. Cowen reiterated a “buy” rating on shares of Waste Management in a research report on Wednesday, October 29th. Morgan Stanley decreased their price target on Waste Management from $232.00 to $230.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. JPMorgan Chase & Co. boosted their price target on Waste Management from $255.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, December 1st. Finally, Robert W. Baird upgraded shares of Waste Management from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $238.00 to $242.00 in a research note on Tuesday, November 4th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $250.41.

Waste Management Stock Performance

Shares of Waste Management stock traded up $0.32 during trading on Tuesday, reaching $221.55. The company’s stock had a trading volume of 628,781 shares, compared to its average volume of 1,762,673. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 2.36. The business’s 50-day moving average price is $216.15 and its 200-day moving average price is $219.12. Waste Management has a 52 week low of $194.11 and a 52 week high of $242.58. The firm has a market cap of $89.26 billion, a PE ratio of 34.91, a P/E/G ratio of 2.48 and a beta of 0.59.

Waste Management (NYSE:WM) last released its quarterly earnings results on Monday, October 27th. The business services provider reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The business had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.51 billion. During the same period in the prior year, the business posted $1.96 earnings per share. Waste Management’s revenue was up 14.9% compared to the same quarter last year. Equities analysts forecast that Waste Management will post 7.7 earnings per share for the current year.

Insiders Place Their Bets

In other Waste Management news, SVP Rafael Carrasco sold 1,380 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $217.06, for a total transaction of $299,542.80. Following the sale, the senior vice president owned 15,540 shares of the company’s stock, valued at approximately $3,373,112.40. The trade was a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Waste Management

Hedge funds have recently modified their holdings of the business. Syntegra Private Wealth Group LLC raised its position in Waste Management by 2.0% during the 2nd quarter. Syntegra Private Wealth Group LLC now owns 2,291 shares of the business services provider’s stock worth $524,000 after purchasing an additional 44 shares during the last quarter. Harbour Trust & Investment Management Co raised its position in shares of Waste Management by 1.1% during the second quarter. Harbour Trust & Investment Management Co now owns 4,120 shares of the business services provider’s stock worth $943,000 after acquiring an additional 45 shares during the last quarter. Old Port Advisors lifted its stake in shares of Waste Management by 0.3% in the fourth quarter. Old Port Advisors now owns 16,963 shares of the business services provider’s stock worth $3,727,000 after acquiring an additional 46 shares during the period. KWB Wealth boosted its holdings in Waste Management by 1.3% in the second quarter. KWB Wealth now owns 3,607 shares of the business services provider’s stock valued at $835,000 after acquiring an additional 47 shares during the last quarter. Finally, D.B. Root & Company LLC increased its position in Waste Management by 3.0% during the 2nd quarter. D.B. Root & Company LLC now owns 1,603 shares of the business services provider’s stock valued at $367,000 after purchasing an additional 47 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Company Profile

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.