Waste Management, Inc. (NYSE:WM) Receives $255.30 Average Target Price from Analysts

Waste Management, Inc. (NYSE:WM) has been given an average rating of “Moderate Buy” by the twenty-three research firms that are covering the firm, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $255.30.

Several equities analysts have issued reports on the stock. Weiss Ratings cut shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Wells Fargo & Company lowered their target price on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Royal Bank Of Canada boosted their price target on shares of Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Barclays lifted their price objective on Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, TD Cowen increased their target price on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th.

Hedge Funds Weigh In On Waste Management

Institutional investors and hedge funds have recently made changes to their positions in the stock. Elevated Capital Advisors LLC acquired a new stake in shares of Waste Management in the fourth quarter valued at about $25,000. RHL Group LLC purchased a new position in Waste Management in the fourth quarter valued at about $29,000. Financial Network Wealth Advisors LLC lifted its position in shares of 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 valued at $29,000 after acquiring an additional 47 shares during the period. Mcguire Capital Advisors Inc. purchased a new stake in shares of Waste Management during the 4th quarter worth approximately $29,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of Waste Management in the 3rd quarter worth approximately $30,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Trading Down 0.1%

Shares of WM stock opened at $230.19 on Friday. The company has a market capitalization of $92.44 billion, a P/E ratio of 33.31, a price-to-earnings-growth ratio of 2.41 and a beta of 0.44. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 2.22. The business’s 50 day moving average is $220.41 and its two-hundred day moving average is $225.41. Waste Management has a twelve month low of $194.11 and a twelve month high of $248.13.

Waste Management (NYSE:WM) last released its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.75 by $0.06. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The business had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the prior year, the business earned $1.67 earnings per share. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. Equities analysts forecast that Waste Management will post 8.15 EPS for the current year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were given a $0.945 dividend. The ex-dividend date was Friday, June 5th. This represents a $3.78 annualized dividend and a yield of 1.6%. Waste Management’s dividend payout ratio is presently 54.70%.

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.