Waste Management (NYSE:WM) Upgraded by Baird R W to “Strong-Buy” Rating

Waste Management (NYSE:WM) was upgraded by research analysts at Baird R W from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Several other equities analysts have also recently issued reports on WM. Weiss Ratings reiterated a “buy (b)” rating on shares of Waste Management in a research report on Wednesday, October 8th. William Blair reiterated an “outperform” rating on shares of Waste Management in a research report on Tuesday, July 29th. UBS Group lowered their price target on Waste Management from $240.00 to $225.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Oppenheimer reiterated an “outperform” rating and set a $262.00 price target on shares of Waste Management in a research report on Wednesday, October 29th. Finally, Cowen restated a “buy” rating on shares of Waste Management in a report on Wednesday, October 29th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.44.

Waste Management Stock Performance

Shares of Waste Management stock traded up $0.09 on Tuesday, reaching $200.77. 222,095 shares of the company were exchanged, compared to its average volume of 1,708,099. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.82 and a current ratio of 0.84. The company’s 50-day moving average is $216.38 and its two-hundred day moving average is $225.80. The firm has a market cap of $80.88 billion, a price-to-earnings ratio of 31.66, a P/E/G ratio of 2.51 and a beta of 0.62. Waste Management has a 1-year low of $194.11 and a 1-year high of $242.58.

Waste Management (NYSE:WM) last posted its earnings results on Monday, October 27th. The business services provider reported $1.98 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.03). Waste Management had a net margin of 10.35% and a return on equity of 33.00%. The business had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.51 billion. During the same quarter in the prior year, the business earned $1.96 earnings per share. The firm’s revenue was up 14.9% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. As a group, research analysts expect that Waste Management will post 7.7 earnings per share for the current fiscal year.

Institutional Trading of Waste Management

A number of institutional investors have recently bought and sold shares of WM. Norges Bank bought a new stake in shares of Waste Management during the 2nd quarter worth about $1,064,206,000. Vontobel Holding Ltd. lifted its position in shares of Waste Management by 444.3% during the 3rd quarter. Vontobel Holding Ltd. now owns 2,206,026 shares of the business services provider’s stock worth $487,157,000 after purchasing an additional 1,800,728 shares during the last quarter. Valeo Financial Advisors LLC lifted its position in shares of Waste Management by 15,782.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,728,486 shares of the business services provider’s stock worth $395,512,000 after purchasing an additional 1,717,603 shares during the last quarter. Nuveen LLC acquired a new position in shares of Waste Management during the 1st quarter worth about $333,089,000. Finally, Ameriprise Financial Inc. lifted its position in shares of Waste Management by 30.4% during the 1st quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider’s stock worth $1,233,240,000 after purchasing an additional 1,239,996 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.