UBS Group Has Lowered Expectations for Waste Management (NYSE:WM) Stock Price

Waste Management (NYSE:WM) had its target price dropped by research analysts at UBS Group from $240.00 to $225.00 in a report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the business services provider’s stock. UBS Group’s price target would indicate a potential upside of 12.49% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. reduced their price objective on shares of Waste Management from $277.00 to $255.00 and set an “overweight” rating for the company in a research report on Wednesday. Citigroup boosted their price objective on shares of Waste Management from $268.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday. Oppenheimer restated an “outperform” rating and set a $262.00 price objective on shares of Waste Management in a research report on Wednesday. Weiss Ratings restated a “buy (b)” rating on shares of Waste Management in a research report on Wednesday, October 8th. Finally, Erste Group Bank downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a research report on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $248.61.

Waste Management Stock Down 0.3%

Shares of Waste Management stock opened at $200.03 on Friday. Waste Management has a 52-week low of $197.02 and a 52-week high of $242.58. The company has a 50 day moving average of $217.43 and a 200 day moving average of $226.28. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.36. The company has a market capitalization of $80.58 billion, a P/E ratio of 31.50, a P/E/G ratio of 2.51 and a beta of 0.64.

Waste Management (NYSE:WM) last issued 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 return on equity of 33.00% and a net margin of 10.35%.The firm had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.51 billion. During the same quarter in the prior year, the firm earned $1.96 EPS. The firm’s revenue was up 14.9% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Waste Management will post 7.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Waste Management

Large investors have recently bought and sold shares of the company. McAdam LLC raised its holdings in shares of Waste Management by 3.1% during the first quarter. McAdam LLC now owns 1,482 shares of the business services provider’s stock worth $343,000 after purchasing an additional 44 shares during the period. Syntegra Private Wealth Group LLC boosted its holdings in shares of Waste Management by 2.0% during the second quarter. Syntegra Private Wealth Group LLC now owns 2,291 shares of the business services provider’s stock valued at $524,000 after acquiring an additional 44 shares during the period. Formidable Asset Management LLC boosted its holdings in shares of Waste Management by 2.0% during the first quarter. Formidable Asset Management LLC now owns 2,317 shares of the business services provider’s stock valued at $536,000 after acquiring an additional 45 shares during the period. Harbour Trust & Investment Management Co boosted its holdings in shares of Waste Management by 1.1% during the second quarter. Harbour Trust & Investment Management Co now owns 4,120 shares of the business services provider’s stock valued at $943,000 after acquiring an additional 45 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Waste Management by 3.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,509 shares of the business services provider’s stock worth $349,000 after purchasing an additional 46 shares during the period. 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.