National Bankshares Lowers Waste Management (NYSE:WM) Price Target to $243.00

Key Points

• National Bankshares has lowered its price target for Waste Management (NYSE:WM) from $250.00 to $243.00, while maintaining a "sector perform" rating.
• Despite the downgrade, analysts suggest the new price target indicates an upside potential of 11.94% from the stock's previous close.
• The stock has received mixed ratings, with two analysts issuing a strong buy, fourteen a buy, and ten a hold, leading to a consensus rating of "Moderate Buy."

Waste Management (NYSE:WM - Get Free Report) had its target price dropped by equities research analysts at National Bankshares from $250.00 to $243.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the business services provider's stock. National Bankshares' price objective would suggest a potential upside of 11.94% from the stock's previous close.

WM has been the subject of a number of other research reports. UBS Group raised their target price on shares of Waste Management from $260.00 to $265.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. CIBC raised their target price on shares of Waste Management from $244.00 to $250.00 and gave the company a "neutral" rating in a research note on Thursday, June 26th. Stifel Nicolaus assumed coverage on shares of Waste Management in a research note on Tuesday, September 30th. They set a "buy" rating and a $252.00 target price for the company. Oppenheimer raised their target price on shares of Waste Management from $260.00 to $265.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Finally, Melius Research upgraded shares of Waste Management to a "strong-buy" rating and set a $263.00 price target on the stock in a report on Monday, June 9th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $254.53.

Waste Management Trading Down 0.3%

WM stock traded down $0.60 during trading on Tuesday, reaching $217.09. The company had a trading volume of 478,008 shares, compared to its average volume of 1,693,854. Waste Management has a 52 week low of $199.69 and a 52 week high of $242.58. The company has a market cap of $87.45 billion, a P/E ratio of 32.20, a PEG ratio of 2.68 and a beta of 0.64. The business has a 50 day moving average of $224.08 and a 200 day moving average of $228.22. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82.

Waste Management (NYSE:WM - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.03. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The company had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.37 billion. During the same period in the prior year, the firm earned $1.82 earnings per share. Waste Management's revenue was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Waste Management will post 7.7 earnings per share for the current fiscal year.

Institutional Trading of Waste Management

Several institutional investors and hedge funds have recently modified their holdings of the company. Family Legacy Financial Solutions LLC raised its position in shares of Waste Management by 7.9% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 7,330 shares of the business services provider's stock valued at $1,619,000 after purchasing an additional 539 shares during the period. Assenagon Asset Management S.A. increased its holdings in Waste Management by 982.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 886,164 shares of the business services provider's stock valued at $195,692,000 after acquiring an additional 804,285 shares during the last quarter. Graphene Investments SAS increased its holdings in Waste Management by 20.2% in the 3rd quarter. Graphene Investments SAS now owns 15,500 shares of the business services provider's stock valued at $3,423,000 after acquiring an additional 2,600 shares during the last quarter. Werlinich Asset Management LLC increased its holdings in Waste Management by 5.7% in the 3rd quarter. Werlinich Asset Management LLC now owns 4,640 shares of the business services provider's stock valued at $1,025,000 after acquiring an additional 250 shares during the last quarter. Finally, AssuredPartners Investment Advisors LLC bought a new stake in Waste Management in the 3rd quarter valued at $263,000. 80.40% of the stock is currently owned by institutional investors.

About Waste Management

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.

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