Waste Management, Inc. (NYSE:WM) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Waste Management has a “Moderate Buy” consensus rating from 20 analysts, with 13 buy ratings and seven holds. The average 12-month price target is $258.89, above the stock’s stated price of $224.73.
• Institutional investors own approximately 80.4% of WM’s shares, while several smaller investment firms recently initiated or increased positions.
• In its latest quarter, Waste Management reported EPS of $2.02, exceeding estimates of $1.98, while revenue rose 4% year over year to $6.68 billion but fell slightly short of expectations.

Waste Management, Inc. (NYSE:WM - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twenty ratings firms that are presently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $258.8889.

Several equities research analysts recently weighed in on the company. Wells Fargo & Company decreased their target price on Waste Management from $273.00 to $268.00 and set an "overweight" rating for the company in a research note on Thursday, April 30th. TD Cowen boosted their price objective on shares of Waste Management from $270.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Canadian Imperial Bank of Commerce cut shares of Waste Management from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 29th. UBS Group lifted their price target on shares of Waste Management from $265.00 to $270.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Finally, Stifel Nicolaus upped their price objective on shares of Waste Management from $252.00 to $261.00 and gave the company a "buy" rating in a research note on Thursday, July 30th.

Institutional Investors Weigh In On Waste Management

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WM. Elevated Capital Advisors LLC acquired a new position in shares of Waste Management in the 4th quarter valued at $25,000. RHL Group LLC acquired a new stake in Waste Management during the 4th quarter worth $29,000. Financial Network Wealth Advisors LLC grew its position in Waste Management by 55.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider's stock worth $29,000 after purchasing an additional 47 shares during the last quarter. Mcguire Capital Advisors Inc. acquired a new position in Waste Management in the fourth quarter valued at $29,000. Finally, JPL Wealth Management LLC purchased a new stake in shares of Waste Management in the third quarter valued at about $30,000. Hedge funds and other institutional investors own 80.40% of the company's stock.

Waste Management Stock Performance

NYSE:WM opened at $224.73 on Monday. The firm has a market capitalization of $89.83 billion, a PE ratio of 31.83, a price-to-earnings-growth ratio of 2.76 and a beta of 0.44. The business's fifty day moving average price is $227.62 and its 200 day moving average price is $227.86. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.91 and a quick ratio of 0.87. Waste Management has a 12 month low of $194.11 and a 12 month high of $248.13.

Waste Management (NYSE:WM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.98 by $0.04. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The company had revenue of $6.68 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the previous year, the business earned $1.92 EPS. Waste Management's revenue for the quarter was up 4.0% on a year-over-year basis. On average, sell-side analysts anticipate that Waste Management will post 8.14 earnings per share for the current fiscal year.

Waste Management Company Profile

Waste Management, Inc NYSE: WM is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.

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