Waste Management, Inc. (NYSE:WM) was downgraded by equities research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday. They presently have a $80.00 price target on the business services provider’s stock, down from their prior price target of $85.00. Stifel Nicolaus’ price objective would indicate a potential upside of 4.34% from the company’s previous close.

Several other research firms also recently weighed in on WM. Oppenheimer Holdings, Inc. boosted their price target on Waste Management from $77.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, July 5th. BMO Capital Markets started coverage on Waste Management in a research note on Thursday, June 29th. They set an “outperform” rating and a $81.00 price target on the stock. Zacks Investment Research upgraded Waste Management from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a research note on Wednesday, July 19th. Finally, Credit Suisse Group AG boosted their price target on Waste Management from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, June 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $76.74.

Waste Management (NYSE WM) opened at 76.67 on Wednesday. Waste Management has a 12-month low of $61.08 and a 12-month high of $79.28. The firm has a 50-day moving average price of $77.25 and a 200-day moving average price of $74.36. The company has a market cap of $33.74 billion, a P/E ratio of 26.26 and a beta of 0.74.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.81 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.81. The business had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.62 billion. Waste Management had a return on equity of 25.07% and a net margin of 9.18%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.74 EPS. On average, analysts forecast that Waste Management will post $3.19 earnings per share for the current fiscal year.

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In other news, Director John C. Pope sold 453 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $74.38, for a total value of $33,694.14. Following the completion of the transaction, the director now owns 51,470 shares of the company’s stock, valued at approximately $3,828,338.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Patrick W. Gross sold 487 shares of the business’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $74.68, for a total value of $36,369.16. Following the completion of the transaction, the director now directly owns 23,222 shares of the company’s stock, valued at approximately $1,734,218.96. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Several hedge funds have recently modified their holdings of WM. Hudock Capital Group LLC raised its holdings in Waste Management by 0.6% in the 2nd quarter. Hudock Capital Group LLC now owns 2,060 shares of the business services provider’s stock worth $151,000 after purchasing an additional 12 shares during the period. Guardian Life Insurance Co. of America raised its holdings in Waste Management by 0.9% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,568 shares of the business services provider’s stock worth $114,000 after purchasing an additional 14 shares during the period. Lincoln National Corp raised its holdings in Waste Management by 0.5% in the 2nd quarter. Lincoln National Corp now owns 4,404 shares of the business services provider’s stock worth $323,000 after purchasing an additional 21 shares during the period. Choate Investment Advisors raised its holdings in Waste Management by 0.7% in the 1st quarter. Choate Investment Advisors now owns 3,224 shares of the business services provider’s stock worth $235,000 after purchasing an additional 22 shares during the period. Finally, Bridgewater Wealth & Financial Management LLC raised its holdings in Waste Management by 0.5% in the 2nd quarter. Bridgewater Wealth & Financial Management LLC now owns 4,032 shares of the business services provider’s stock worth $296,000 after purchasing an additional 22 shares during the period. 74.93% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Waste Management (NYSE:WM)

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