Waste Management, Inc. (NYSE:WM – Get 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
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:WM – Get 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
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.
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