Waste Management (NYSE:WM) PT Raised to $212.00 at BMO Capital Markets

Waste Management (NYSE:WM) had its target price raised by analysts at BMO Capital Markets from $207.00 to $212.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ target price points to a potential upside of 0.44% from the company’s current price.

A number of other research analysts also recently commented on the stock. Jefferies Financial Group lifted their price objective on shares of Waste Management from $230.00 to $256.00 and gave the company a “buy” rating in a research report on Monday, March 18th. UBS Group cut shares of Waste Management from a “buy” rating to a “neutral” rating and raised their target price for the stock from $190.00 to $205.00 in a research note on Wednesday, February 14th. HSBC cut shares of Waste Management from a “buy” rating to a “hold” rating and set a $210.00 target price for the company. in a research note on Thursday, February 15th. JPMorgan Chase & Co. lifted their price objective on shares of Waste Management from $165.00 to $197.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Finally, Truist Financial lifted their price objective on shares of Waste Management from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday. Eight research 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’s stock. According to data from MarketBeat, Waste Management currently has an average rating of “Moderate Buy” and a consensus price target of $214.21.

Waste Management Stock Down 0.8 %

Shares of NYSE:WM traded down $1.63 during midday trading on Friday, reaching $211.07. 859,300 shares of the company were exchanged, compared to its average volume of 1,661,020. Waste Management has a fifty-two week low of $149.71 and a fifty-two week high of $214.54. The company has a quick ratio of 0.86, a current ratio of 0.90 and a debt-to-equity ratio of 2.30. The stock has a fifty day simple moving average of $208.37 and a two-hundred day simple moving average of $186.50. The firm has a market cap of $84.70 billion, a PE ratio of 34.56, a P/E/G ratio of 3.19 and a beta of 0.72.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.23. The business had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.22 billion. Waste Management had a net margin of 11.98% and a return on equity of 38.82%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the business posted $1.31 earnings per share. As a group, sell-side analysts forecast that Waste Management will post 6.88 earnings per share for the current year.

Insider Buying and Selling at Waste Management

In other Waste Management news, SVP Christopher P. Desantis sold 346 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $199.64, for a total value of $69,075.44. Following the completion of the transaction, the senior vice president now directly owns 8,218 shares in the company, valued at approximately $1,640,641.52. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Waste Management news, EVP Charles C. Boettcher sold 3,275 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $199.49, for a total value of $653,329.75. Following the transaction, the executive vice president now directly owns 36,403 shares of the company’s stock, valued at $7,262,034.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Christopher P. Desantis sold 346 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $199.64, for a total transaction of $69,075.44. Following the transaction, the senior vice president now directly owns 8,218 shares in the company, valued at $1,640,641.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,007 shares of company stock worth $3,696,520. 0.18% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in WM. Morgan Stanley increased its holdings in Waste Management by 0.7% during the third quarter. Morgan Stanley now owns 6,963,527 shares of the business services provider’s stock worth $1,061,521,000 after buying an additional 46,084 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Waste Management by 16.9% in the third quarter. Nordea Investment Management AB now owns 5,366,017 shares of the business services provider’s stock worth $827,815,000 after purchasing an additional 776,491 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Waste Management by 1.3% in the third quarter. Ameriprise Financial Inc. now owns 5,213,330 shares of the business services provider’s stock worth $794,174,000 after purchasing an additional 66,816 shares in the last quarter. Parnassus Investments LLC grew its stake in Waste Management by 0.3% during the fourth quarter. Parnassus Investments LLC now owns 4,799,687 shares of the business services provider’s stock valued at $859,624,000 after acquiring an additional 16,213 shares in the last quarter. Finally, Norges Bank purchased a new position in Waste Management during the fourth quarter valued at approximately $784,486,000. 80.40% of the stock is owned by 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.