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

Waste Management (NYSE:WM) had its price objective increased by BMO Capital Markets from $207.00 to $212.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ target price indicates a potential upside of 0.44% from the stock’s previous close.

Several other research analysts have also commented on WM. JPMorgan Chase & Co. raised their price objective on shares of Waste Management from $165.00 to $197.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. UBS Group lowered shares of Waste Management from a “buy” rating to a “neutral” rating and raised their price objective for the company from $190.00 to $205.00 in a research note on Wednesday, February 14th. Royal Bank of Canada raised their target price on shares of Waste Management from $211.00 to $215.00 and gave the company a “sector perform” rating in a report on Friday. Stifel Nicolaus lifted their price target on shares of Waste Management from $215.00 to $227.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Oppenheimer boosted their price objective on shares of Waste Management from $188.00 to $212.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 14th. Eight investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and a consensus price target of $214.21.

Waste Management Trading Down 0.8 %

Shares of WM traded down $1.63 during mid-day trading on Friday, reaching $211.07. The stock had a trading volume of 859,300 shares, compared to its average volume of 1,661,020. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.90 and a quick ratio of 0.86. Waste Management has a 52-week low of $149.71 and a 52-week high of $214.54. The business’s fifty day moving average is $208.37 and its 200 day moving average is $186.50. The firm has a market cap of $84.70 billion, a price-to-earnings ratio of 34.56, a P/E/G ratio of 3.19 and a beta of 0.72.

Waste Management (NYSE:WM) last announced its earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.23. The company had revenue of $5.16 billion during 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%. Waste Management’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.31 earnings per share. On average, sell-side analysts predict that Waste Management will post 6.88 EPS for the current fiscal year.

Insider Transactions at Waste Management

In other news, CFO Devina A. Rankin sold 775 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $198.58, for a total transaction of $153,899.50. Following the transaction, the chief financial officer now directly owns 75,204 shares in the company, valued at approximately $14,934,010.32. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, VP Donald J. Smith sold 329 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $198.56, for a total transaction of $65,326.24. Following the completion of the sale, the vice president now owns 5,522 shares of the company’s stock, valued at approximately $1,096,448.32. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Devina A. Rankin sold 775 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $198.58, for a total transaction of $153,899.50. Following the completion of the sale, the chief financial officer now directly owns 75,204 shares of the company’s stock, valued at approximately $14,934,010.32. The disclosure for this sale can be found here. Insiders have sold a total of 18,007 shares of company stock worth $3,696,520 in the last three months. Company insiders own 0.18% of the company’s stock.

Institutional Trading of Waste Management

Several large investors have recently bought and sold shares of the company. McAdam LLC boosted its position in Waste Management by 4.0% during the 1st quarter. McAdam LLC now owns 1,317 shares of the business services provider’s stock worth $281,000 after acquiring an additional 51 shares during the period. Capital Advisors Ltd. LLC increased its position in shares of Waste Management by 2.7% during the first quarter. Capital Advisors Ltd. LLC now owns 2,053 shares of the business services provider’s stock valued at $438,000 after purchasing an additional 53 shares during the period. Quent Capital LLC grew its position in Waste Management by 7.3% in the fourth quarter. Quent Capital LLC now owns 810 shares of the business services provider’s stock valued at $145,000 after acquiring an additional 55 shares during the period. Drake & Associates LLC grew its position in Waste Management by 3.4% in the fourth quarter. Drake & Associates LLC now owns 1,652 shares of the business services provider’s stock valued at $296,000 after acquiring an additional 55 shares during the period. Finally, Azzad Asset Management Inc. ADV boosted its stake in Waste Management by 0.6% in the first quarter. Azzad Asset Management Inc. ADV now owns 9,495 shares of the business services provider’s stock worth $2,024,000 after purchasing an additional 55 shares in the last quarter. Institutional investors and hedge funds 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.