Waste Management (NYSE:WM) Coverage Initiated at Stifel Nicolaus

Key Points

• Stifel Nicolaus has initiated coverage on Waste Management, assigning a "buy" rating and a price target of $252.00, suggesting a potential upside of 14.95% from the current price.
• Waste Management reported earnings per share of $1.92 for the latest quarter, outperforming analysts' expectations of $1.89, with revenues totaling $6.43 billion.
• Consensus ratings on Waste Management include two Strong Buy, thirteen Buy, and nine Hold ratings, with a consensus target price of $255.17.

Research analysts at Stifel Nicolaus assumed coverage on shares of Waste Management (NYSE:WM - Get Free Report) in a report released on Tuesday,Briefing.com Automated Import reports. The brokerage set a "buy" rating and a $252.00 price target on the business services provider's stock. Stifel Nicolaus' target price indicates a potential upside of 14.95% from the stock's current price.

Other research analysts also recently issued research reports about the company. Scotiabank upped their price objective on Waste Management from $265.00 to $275.00 and gave the stock a "sector outperform" rating in a report on Thursday, July 31st. William Blair reiterated an "outperform" rating on shares of Waste Management in a report on Tuesday, July 29th. Barclays started coverage on Waste Management in a report on Friday, September 19th. They set an "overweight" rating and a $272.00 price objective for the company. CIBC boosted their price target on shares of Waste Management from $244.00 to $250.00 and gave the stock a "neutral" rating in a research note on Thursday, June 26th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $229.00 target price on shares of Waste Management in a report on Thursday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $255.17.

Waste Management Stock Up 0.2%

Shares of WM stock opened at $219.24 on Tuesday. The stock has a fifty day moving average price of $225.05 and a 200 day moving average price of $228.48. The stock has a market cap of $88.31 billion, a P/E ratio of 32.53, a price-to-earnings-growth ratio of 2.67 and a beta of 0.64. Waste Management has a one year low of $199.69 and a one year high of $242.58. 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 posted its earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.03. The business had revenue of $6.43 billion for the quarter, compared to analysts' expectations of $6.37 billion. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The firm's revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. Analysts predict that Waste Management will post 7.7 earnings per share for the current year.

Institutional Investors Weigh In On Waste Management

Several institutional investors have recently added to or reduced their stakes in WM. Brighton Jones LLC raised its stake in shares of Waste Management by 51.1% in the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider's stock valued at $1,384,000 after purchasing an additional 2,320 shares during the period. NBC Securities Inc. grew its stake in shares of Waste Management by 113,950.0% during the 1st quarter. NBC Securities Inc. now owns 4,562 shares of the business services provider's stock worth $1,056,000 after acquiring an additional 4,558 shares in the last quarter. Merit Financial Group LLC lifted its position in shares of Waste Management by 17.3% in the first quarter. Merit Financial Group LLC now owns 10,293 shares of the business services provider's stock worth $2,383,000 after purchasing an additional 1,519 shares in the last quarter. RFG Advisory LLC boosted its holdings in Waste Management by 113.6% during the first quarter. RFG Advisory LLC now owns 6,429 shares of the business services provider's stock worth $1,488,000 after purchasing an additional 3,419 shares during the last quarter. Finally, Threadgill Financial LLC acquired a new stake in Waste Management in the 1st quarter valued at $208,000. 80.40% of the stock is 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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