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

Waste Management, Inc. (NYSE:WMGet Free Report) has received a consensus recommendation of “Moderate Buy” from the twenty-four analysts that are covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $255.6667.

Several brokerages have weighed in on WM. Wells Fargo & Company lowered their price objective on Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Waste Management in a research report on Wednesday, May 27th. Robert W. Baird boosted their price objective on Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Royal Bank Of Canada boosted their price objective on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, April 10th.

Check Out Our Latest Research Report on WM

Hedge Funds Weigh In On Waste Management

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC raised its holdings in shares of Waste Management by 8.3% during the first quarter. Parallel Advisors LLC now owns 13,227 shares of the business services provider’s stock valued at $3,040,000 after acquiring an additional 1,017 shares in the last quarter. NewEdge Advisors LLC raised its stake in Waste Management by 11.0% in the first quarter. NewEdge Advisors LLC now owns 93,509 shares of the business services provider’s stock worth $21,488,000 after buying an additional 9,259 shares in the last quarter. First Nebraska Trust Co bought a new position in Waste Management in the first quarter worth about $444,000. Foguth Wealth Management LLC. raised its stake in Waste Management by 1.9% in the first quarter. Foguth Wealth Management LLC. now owns 4,886 shares of the business services provider’s stock worth $1,033,000 after buying an additional 93 shares in the last quarter. Finally, Financial Solutions Advisory Group Inc. bought a new position in Waste Management in the first quarter worth about $313,000. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Performance

Waste Management stock opened at $220.45 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22. The company has a market capitalization of $88.53 billion, a PE ratio of 31.90, a P/E/G ratio of 2.30 and a beta of 0.45. The firm has a fifty day simple moving average of $223.62 and a two-hundred day simple moving average of $224.58. Waste Management has a twelve month low of $194.11 and a twelve month high of $248.13.

Waste Management (NYSE:WMGet Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.06. The business had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.28 billion. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.67 earnings per share. Research analysts expect that Waste Management will post 8.15 EPS for the current year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, June 5th. Waste Management’s dividend payout ratio is 54.70%.

Waste Management Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Waste Management (NYSE:WM)

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