Waste Management (NYSE:WM) Price Target Lowered to $263.00 at Oppenheimer

Waste Management (NYSE:WM) had its price objective decreased by equities research analysts at Oppenheimer from $264.00 to $263.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s price target indicates a potential upside of 12.02% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Robert W. Baird increased their price target on Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Royal Bank Of Canada lifted their price target 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. JPMorgan Chase & Co. upped their price objective on Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, April 10th. Wolfe Research began coverage on shares of Waste Management in a report on Friday, March 13th. They set a “peer perform” rating for the company. Finally, Canadian Imperial Bank of Commerce upgraded shares of Waste Management from a “hold” rating to an “outperformer” rating and set a $244.00 price target on the stock in a research report on Tuesday. Sixteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $255.90.

Waste Management Stock Performance

NYSE WM traded down $2.42 during trading hours on Wednesday, reaching $234.78. The stock had a trading volume of 1,046,632 shares, compared to its average volume of 2,225,666. Waste Management has a 52-week low of $194.11 and a 52-week high of $248.13. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.89 and a current ratio of 0.93. The stock has a market cap of $94.28 billion, a P/E ratio of 33.97, a price-to-earnings-growth ratio of 2.39 and a beta of 0.44. The stock has a fifty day moving average of $220.49 and a 200 day moving average of $225.66.

Waste Management (NYSE:WM) last released its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.75 by $0.06. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The business had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the prior year, the firm earned $1.67 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Sell-side analysts predict that Waste Management will post 8.15 earnings per share for the current year.

Hedge Funds Weigh In On Waste Management

Institutional investors have recently added to or reduced their stakes in the stock. Elevated Capital Advisors LLC acquired a new stake in shares of Waste Management in the 4th quarter worth $25,000. RHL Group LLC purchased a new position in Waste Management during the fourth quarter worth about $29,000. Financial Network Wealth Advisors LLC increased 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 worth $29,000 after buying an additional 47 shares during the last quarter. Mcguire Capital Advisors Inc. acquired a new position in Waste Management in the fourth quarter valued at approximately $29,000. Finally, JPL Wealth Management LLC acquired a new position in shares of Waste Management in the 3rd quarter valued at $30,000. Hedge funds and other institutional investors 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.