Waste Management (NYSE:WM) Given New $263.00 Price Target at Oppenheimer

Waste Management (NYSE:WM) had its target price reduced by Oppenheimer from $264.00 to $263.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s price objective indicates a potential upside of 12.02% from the company’s current price.

Several other equities research analysts have also recently issued reports on WM. Wells Fargo & Company lowered their price objective on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. JPMorgan Chase & Co. raised their price target on Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Canadian Imperial Bank of Commerce upgraded shares of Waste Management from a “hold” rating to an “outperformer” rating and set a $244.00 target price on the stock in a report on Tuesday. Royal Bank Of Canada increased their price objective on shares of Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Finally, TD Cowen upped their target price on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Sixteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $255.90.

Waste Management Trading Down 1.0%

Shares of NYSE:WM traded down $2.42 during trading on Wednesday, hitting $234.78. The company had a trading volume of 1,046,632 shares, compared to its average volume of 2,225,666. The stock has a market cap of $94.28 billion, a price-to-earnings ratio of 33.97, a price-to-earnings-growth ratio of 2.39 and a beta of 0.44. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89. The company has a fifty day simple moving average of $220.49 and a two-hundred day simple moving average of $225.66. Waste Management has a one year low of $194.11 and a one year high of $248.13.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The company had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.28 billion. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.67 EPS. As a group, equities analysts forecast that Waste Management will post 8.15 earnings per share for the current year.

Institutional Trading of Waste Management

A number of hedge funds have recently bought and sold shares of WM. Elevated Capital Advisors LLC purchased a new stake in shares of Waste Management during the fourth quarter valued at about $25,000. 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. RHL Group LLC acquired a new position in Waste Management during the 4th quarter valued at approximately $29,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Waste Management in the fourth quarter worth $29,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of Waste Management during the third quarter worth $30,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

About Waste Management

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.