Credit Suisse Group Reiterates $90.00 Price Target for Waste Management, Inc. (WM)

Waste Management, Inc. (NYSE:WM) has been assigned a $90.00 price target by analysts at Credit Suisse Group in a report issued on Monday, October 30th. The brokerage presently has a “buy” rating on the business services provider’s stock. Credit Suisse Group’s price target points to a potential upside of 11.59% from the stock’s previous close.

Other analysts have also issued reports about the stock. Bank of America Corporation decreased their target price on shares of Waste Management from $85.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, October 5th. KeyCorp restated a “buy” rating and issued a $88.00 price target on shares of Waste Management in a research report on Friday, October 27th. BMO Capital Markets restated a “buy” rating and issued a $85.00 price target on shares of Waste Management in a research report on Friday, October 13th. Zacks Investment Research raised shares of Waste Management from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a research note on Wednesday, July 19th. Finally, Stifel Nicolaus boosted their target price on shares of Waste Management from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $81.81.

Waste Management (NYSE WM) traded down $1.05 during midday trading on Monday, reaching $80.65. 2,155,363 shares of the company’s stock traded hands, compared to its average volume of 1,668,313. The company has a quick ratio of 0.68, a current ratio of 0.71 and a debt-to-equity ratio of 1.60. The firm has a market cap of $35,480.00, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 2.68 and a beta of 0.76. Waste Management has a 52 week low of $68.42 and a 52 week high of $82.87.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.02. Waste Management had a net margin of 9.66% and a return on equity of 25.61%. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same period last year, the business posted $0.84 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. sell-side analysts forecast that Waste Management will post 3.2 earnings per share for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hudock Capital Group LLC boosted its holdings in Waste Management by 0.6% during the 2nd quarter. Hudock Capital Group LLC now owns 2,060 shares of the business services provider’s stock worth $151,000 after acquiring an additional 12 shares during the last quarter. Guardian Life Insurance Co. of America boosted its holdings in Waste Management by 0.9% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,568 shares of the business services provider’s stock worth $114,000 after acquiring an additional 14 shares during the last quarter. Lincoln National Corp boosted its holdings in Waste Management by 0.5% during the 2nd quarter. Lincoln National Corp now owns 4,404 shares of the business services provider’s stock worth $323,000 after acquiring an additional 21 shares during the last quarter. Choate Investment Advisors boosted its holdings in Waste Management by 0.7% during the 1st quarter. Choate Investment Advisors now owns 3,224 shares of the business services provider’s stock worth $235,000 after acquiring an additional 22 shares during the last quarter. Finally, Bridgewater Wealth & Financial Management LLC boosted its holdings in Waste Management by 0.5% during the 2nd quarter. Bridgewater Wealth & Financial Management LLC now owns 4,032 shares of the business services provider’s stock worth $296,000 after acquiring an additional 22 shares during the last quarter. 76.48% of the stock is owned by institutional investors and hedge funds.

Waste Management Company Profile

Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.

Analyst Recommendations for Waste Management (NYSE:WM)

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