Waste Management, Inc. (NYSE:WM) Receives Average Recommendation of “Hold” from Analysts

Shares of Waste Management, Inc. (NYSE:WMGet Free Report) have been given a consensus rating of “Hold” by the nineteen research firms that are currently covering the stock, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $217.61.

WM has been the topic of several research reports. Citigroup upped their target price on Waste Management from $215.00 to $226.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Stifel Nicolaus raised their price objective on Waste Management from $215.00 to $227.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Jefferies Financial Group upped their target price on Waste Management from $230.00 to $256.00 and gave the company a “buy” rating in a research report on Monday, March 18th. JPMorgan Chase & Co. raised their price target on shares of Waste Management from $165.00 to $197.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Finally, BMO Capital Markets upped their price objective on shares of Waste Management from $207.00 to $212.00 and gave the company a “market perform” rating in a report on Friday, April 26th.

Get Our Latest Analysis on WM

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of WM. Railway Pension Investments Ltd increased its stake in Waste Management by 2.3% during the 1st quarter. Railway Pension Investments Ltd now owns 183,276 shares of the business services provider’s stock worth $39,065,000 after buying an additional 4,200 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Waste Management by 0.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 550,473 shares of the business services provider’s stock worth $117,973,000 after acquiring an additional 2,117 shares during the last quarter. Tactive Advisors LLC purchased a new stake in shares of Waste Management during the first quarter worth approximately $303,000. Pathway Financial Advisers LLC acquired a new position in Waste Management in the 1st quarter valued at $3,071,000. Finally, Birmingham Capital Management Co. Inc. AL purchased a new position in Waste Management in the 1st quarter valued at $213,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Performance

Shares of WM opened at $200.57 on Friday. The stock has a fifty day moving average price of $208.00 and a 200-day moving average price of $196.01. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.23. Waste Management has a 12 month low of $149.71 and a 12 month high of $214.54. The firm has a market cap of $80.44 billion, a PE ratio of 32.83, a P/E/G ratio of 2.37 and a beta of 0.74.

Waste Management (NYSE:WMGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.23. The firm had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.22 billion. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.31 earnings per share. Equities research analysts predict that Waste Management will post 7.31 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be paid a $0.75 dividend. The ex-dividend date is Friday, June 7th. This represents a $3.00 dividend on an annualized basis and a yield of 1.50%. Waste Management’s dividend payout ratio is currently 49.10%.

About Waste Management

(Get Free Report

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.

Featured Articles

Analyst Recommendations for Waste Management (NYSE:WM)

Receive News & Ratings for Waste Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Management and related companies with MarketBeat.com's FREE daily email newsletter.