Stifel Nicolaus Increases Waste Management (NYSE:WM) Price Target to $227.00

Waste Management (NYSE:WM) had its price objective upped by equities research analysts at Stifel Nicolaus from $215.00 to $227.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 8.04% from the company’s current price.

A number of other analysts have also recently commented on the stock. Truist Financial lifted their target price on shares of Waste Management from $215.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Citigroup lifted their target price on shares of Waste Management from $215.00 to $226.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Royal Bank of Canada lifted their target price on shares of Waste Management from $211.00 to $215.00 and gave the stock a “sector perform” rating in a research note on Friday. Oppenheimer raised their price target on shares of Waste Management from $188.00 to $212.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 14th. Finally, BMO Capital Markets raised their price target on shares of Waste Management from $184.00 to $196.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 14th. Eight investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $214.21.

Waste Management Stock Down 1.2 %

NYSE:WM opened at $210.10 on Friday. Waste Management has a fifty-two week low of $149.71 and a fifty-two week high of $214.54. The stock has a market capitalization of $84.31 billion, a P/E ratio of 34.39, a P/E/G ratio of 3.23 and a beta of 0.72. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.86 and a current ratio of 0.89. The company’s 50-day simple moving average is $208.54 and its 200-day simple moving average is $187.08.

Waste Management (NYSE:WM) last released its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.23. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The business had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same period last year, the business earned $1.31 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate that Waste Management will post 6.88 earnings per share for the current fiscal year.

Insider Activity

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 shares were sold at an average price of $209.50, for a total transaction of $523,750.00. Following the completion of the transaction, the executive vice president now directly owns 29,677 shares of the company’s stock, valued at approximately $6,217,331.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Charles C. Boettcher sold 2,500 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $209.50, for a total value of $523,750.00. Following the completion of 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 SEC, which is available through this hyperlink. Also, VP Donald J. Smith sold 329 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $198.56, for a total transaction of $65,326.24. Following the completion of the sale, the vice president now directly owns 5,522 shares of the company’s stock, valued at approximately $1,096,448.32. The disclosure for this sale can be found here. Insiders sold a total of 18,007 shares of company stock valued at $3,696,520 in the last three months. 0.18% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Waste Management

Several institutional investors and hedge funds have recently added to or reduced their stakes in WM. Hexagon Capital Partners LLC increased its holdings in Waste Management by 170.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock worth $25,000 after acquiring an additional 75 shares in the last quarter. Sachetta LLC acquired a new stake in Waste Management during the 4th quarter worth $27,000. Gilfoyle & Co LLC acquired a new stake in Waste Management during the 4th quarter worth $30,000. Millburn Ridgefield Corp acquired a new stake in Waste Management during the 3rd quarter worth $35,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Waste Management during the 1st quarter worth $35,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Company Profile

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.