Waste Management (NYSE:WM) Given New $220.00 Price Target at CIBC

Waste Management (NYSE:WM - Get Free Report) had its target price increased by equities research analysts at CIBC from $207.00 to $220.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a "neutral" rating on the business services provider's stock. CIBC's target price points to a potential upside of 3.72% from the stock's previous close.

Several other brokerages have also recently weighed in on WM. Morgan Stanley raised their target price on Waste Management from $202.00 to $214.00 and gave the company an "equal weight" rating in a research note on Friday. StockNews.com upgraded Waste Management from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 9th. Oppenheimer increased their price target on Waste Management from $221.00 to $228.00 and gave the company an "outperform" rating in a research report on Friday. Royal Bank of Canada increased their price target on Waste Management from $211.00 to $215.00 and gave the company a "sector perform" rating in a research report on Friday. Finally, TD Cowen increased their price objective on Waste Management from $220.00 to $235.00 and gave the stock a "buy" rating in a research note on Monday. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Waste Management currently has a consensus rating of "Moderate Buy" and an average price target of $215.88.

Waste Management Stock Performance

NYSE WM traded up $2.00 during trading hours on Monday, hitting $212.10. The company had a trading volume of 2,048,384 shares, compared to its average volume of 1,675,736. Waste Management has a fifty-two week low of $149.71 and a fifty-two week high of $214.54. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.23. The business has a fifty day simple moving average of $208.54 and a 200-day simple moving average of $187.29. The firm has a market cap of $85.07 billion, a P/E ratio of 34.69, a price-to-earnings-growth ratio of 2.81 and a beta of 0.72.

Waste Management (NYSE:WM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.75 EPS for the quarter, beating analysts' consensus estimates of $1.52 by $0.23. The company had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.22 billion. Waste Management had a return on equity of 38.61% and a net margin of 11.98%. The company's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $1.31 earnings per share. Equities analysts predict that Waste Management will post 7.09 EPS for the current year.

Insider Buying and Selling at Waste Management

In other news, EVP Charles C. Boettcher sold 2,500 shares of Waste Management stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $209.50, for a total transaction of $523,750.00. Following the sale, the executive vice president now owns 29,677 shares of the company's stock, valued at approximately $6,217,331.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Charles C. Boettcher sold 2,500 shares of Waste Management stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $209.50, for a total transaction of $523,750.00. Following the sale, the executive vice president now owns 29,677 shares of the company's stock, valued at approximately $6,217,331.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John J. Morris sold 8,889 shares of Waste Management stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $207.46, for a total value of $1,844,111.94. Following the sale, the executive vice president now directly owns 95,461 shares in the company, valued at approximately $19,804,339.06. The disclosure for this sale can be found here. Insiders have sold 18,007 shares of company stock valued at $3,696,520 in the last 90 days. 0.18% of the stock is currently owned by insiders.

Institutional Trading of Waste Management

Several institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC raised its position in Waste Management by 8.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 28,912 shares of the business services provider's stock valued at $4,407,000 after purchasing an additional 2,272 shares during the last quarter. Birch Hill Investment Advisors LLC raised its position in Waste Management by 5.5% in the 4th quarter. Birch Hill Investment Advisors LLC now owns 6,321 shares of the business services provider's stock valued at $1,132,000 after purchasing an additional 332 shares during the last quarter. Ingalls & Snyder LLC raised its position in Waste Management by 1.0% in the 3rd quarter. Ingalls & Snyder LLC now owns 22,662 shares of the business services provider's stock valued at $3,455,000 after purchasing an additional 231 shares during the last quarter. Pacer Advisors Inc. raised its position in Waste Management by 93.0% in the 4th quarter. Pacer Advisors Inc. now owns 46,613 shares of the business services provider's stock valued at $8,348,000 after purchasing an additional 22,455 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in Waste Management by 13,927.7% in the 4th quarter. International Assets Investment Management LLC now owns 504,296 shares of the business services provider's stock valued at $90,319,000 after purchasing an additional 500,701 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company's stock.

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.