Barclays Lowers Waste Management (NYSE:WM) Price Target to $266.00

Waste Management (NYSE:WM) had its target price cut by research analysts at Barclays from $271.00 to $266.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the business services provider’s stock. Barclays‘s target price would suggest a potential upside of 32.60% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. William Blair reaffirmed an “outperform” rating on shares of Waste Management in a research report on Tuesday, July 29th. UBS Group decreased their target price on Waste Management from $265.00 to $240.00 and set a “neutral” rating for the company in a research report on Thursday, October 16th. Stifel Nicolaus began coverage on Waste Management in a research report on Tuesday, September 30th. They issued a “buy” rating and a $252.00 target price for the company. BMO Capital Markets upped their target price on Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 30th. Finally, Citigroup decreased their target price on Waste Management from $275.00 to $268.00 and set a “buy” rating for the company in a research report on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and an average price target of $249.44.

Waste Management Price Performance

Shares of NYSE:WM opened at $200.61 on Wednesday. The company has a market cap of $80.81 billion, a P/E ratio of 31.59, a P/E/G ratio of 2.51 and a beta of 0.64. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.36. Waste Management has a 52 week low of $197.02 and a 52 week high of $242.58. The business has a fifty day simple moving average of $217.96 and a 200-day simple moving average of $226.54.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). Waste Management had a net margin of 10.35% and a return on equity of 33.00%. The firm had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.51 billion. During the same period last year, the firm posted $1.96 EPS. Waste Management’s revenue was up 14.9% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. Equities research analysts forecast that Waste Management will post 7.7 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Saudi Central Bank purchased a new position in Waste Management in the first quarter valued at about $37,000. GKV Capital Management Co. Inc. acquired a new stake in Waste Management during the first quarter valued at approximately $38,000. Loomis Sayles & Co. L P acquired a new stake in Waste Management during the second quarter valued at approximately $40,000. Steigerwald Gordon & Koch Inc. acquired a new stake in Waste Management during the third quarter valued at approximately $41,000. Finally, Wealth Watch Advisors INC acquired a new stake in Waste Management during the second quarter valued at approximately $43,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

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.