Waste Management (NYSE:WM – Get Free Report) had its price objective hoisted by research analysts at JPMorgan Chase & Co. from $165.00 to $197.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 2.25% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada raised their target price on shares of Waste Management from $163.00 to $189.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Citigroup raised their target price on shares of Waste Management from $203.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Raymond James decreased their target price on shares of Waste Management from $179.00 to $175.00 and set an “outperform” rating on the stock in a research note on Thursday, October 26th. Wells Fargo & Company started coverage on shares of Waste Management in a research report on Monday, November 27th. They set an “equal weight” rating and a $175.00 price objective on the stock. Finally, Oppenheimer lifted their price objective on shares of Waste Management from $188.00 to $212.00 and gave the company an “outperform” rating in a research report on Wednesday. Eight investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.57.
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Waste Management Stock Performance
Shares of NYSE WM opened at $201.54 on Thursday. The firm’s 50-day moving average price is $182.96 and its 200-day moving average price is $169.33. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 2.30. The company has a market cap of $80.94 billion, a PE ratio of 35.61, a PEG ratio of 3.06 and a beta of 0.70. Waste Management has a 52-week low of $148.31 and a 52-week high of $202.69.
Waste Management (NYSE:WM – Get Free Report) last announced its quarterly earnings results on Monday, February 12th. The business services provider reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.21. The firm had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.19 billion. Waste Management had a net margin of 11.28% and a return on equity of 36.51%. During the same quarter last year, the firm posted $1.30 EPS. As a group, analysts anticipate that Waste Management will post 6.8 EPS for the current year.
Insiders Place Their Bets
In other Waste Management news, VP Michael J. Watson sold 14,288 shares of Waste Management stock in a transaction on Monday, November 20th. The shares were sold at an average price of $170.44, for a total transaction of $2,435,246.72. Following the completion of the transaction, the vice president now directly owns 41,428 shares of the company’s stock, valued at $7,060,988.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Michael J. Watson sold 14,288 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $170.44, for a total transaction of $2,435,246.72. Following the completion of the sale, the vice president now directly owns 41,428 shares of the company’s stock, valued at $7,060,988.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tara J. Hemmer sold 10,048 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $171.19, for a total transaction of $1,720,117.12. Following the sale, the senior vice president now directly owns 49,099 shares of the company’s stock, valued at $8,405,257.81. The disclosure for this sale can be found here. Insiders sold 51,008 shares of company stock valued at $9,049,135 over the last three months. 0.27% of the stock is owned by company insiders.
Institutional Trading of Waste Management
Large investors have recently made changes to their positions in the stock. Sachetta LLC purchased a new stake in shares of Waste Management during the fourth quarter valued at $27,000. Indiana Trust & Investment Management CO purchased a new stake in Waste Management in the third quarter worth about $28,000. Strategic Investment Solutions Inc. IL purchased a new stake in Waste Management in the first quarter worth about $29,000. Gilfoyle & Co LLC purchased a new stake in Waste Management in the fourth quarter worth about $30,000. Finally, Dagco Inc. purchased a new stake in Waste Management in the fourth quarter worth about $30,000. 78.34% of the stock is owned by hedge funds and other institutional investors.
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.
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