Waste Management (NYSE:WM) was upgraded by equities researchers at Stifel Nicolaus from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

Several other equities research analysts have also recently issued reports on WM. BMO Capital Markets reissued a “buy” rating and issued a $82.00 price objective on shares of Waste Management in a research report on Friday, September 8th. Zacks Investment Research cut shares of Waste Management from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Bank of America decreased their target price on shares of Waste Management from $85.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, October 5th. KeyCorp increased their target price on shares of Waste Management from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. Finally, Oppenheimer increased their target price on shares of Waste Management from $82.00 to $87.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Waste Management presently has a consensus rating of “Buy” and a consensus price target of $81.81.

Shares of Waste Management (WM) opened at $84.57 on Monday. The stock has a market cap of $36,721.65, a PE ratio of 27.11, a price-to-earnings-growth ratio of 2.75 and a beta of 0.75. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.71 and a quick ratio of 0.68. Waste Management has a 52-week low of $69.00 and a 52-week high of $84.57.

Waste Management (NYSE:WM) last released its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.02. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.71 billion. Waste Management had a net margin of 9.66% and a return on equity of 25.61%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.84 EPS. equities research analysts anticipate that Waste Management will post 3.2 earnings per share for the current year.

In other news, SVP Barry H. Caldwell sold 1,650 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $81.10, for a total value of $133,815.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.19% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Waste Management by 5.0% during the second quarter. Vanguard Group Inc. now owns 34,374,879 shares of the business services provider’s stock valued at $2,521,397,000 after purchasing an additional 1,621,347 shares in the last quarter. BlackRock Inc. lifted its holdings in Waste Management by 4.9% during the second quarter. BlackRock Inc. now owns 31,637,903 shares of the business services provider’s stock valued at $2,320,637,000 after purchasing an additional 1,475,583 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Waste Management by 1.4% during the third quarter. Wells Fargo & Company MN now owns 7,277,527 shares of the business services provider’s stock valued at $569,612,000 after purchasing an additional 103,234 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Waste Management by 8.5% during the third quarter. Janus Henderson Group PLC now owns 4,684,275 shares of the business services provider’s stock valued at $366,641,000 after purchasing an additional 366,450 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Waste Management by 1.6% during the second quarter. Ameriprise Financial Inc. now owns 3,145,664 shares of the business services provider’s stock valued at $230,748,000 after purchasing an additional 50,832 shares in the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

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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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