A number of firms have modified their ratings and price targets on shares of Waste Management (NYSE: WM) recently:

  • 10/30/2017 – Waste Management was given a new $90.00 price target on by analysts at Credit Suisse Group. They now have a “buy” rating on the stock.
  • 10/27/2017 – Waste Management had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $88.00 price target on the stock.
  • 10/27/2017 – Waste Management was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Waste Management reported strong third-quarter results with healthy year-over-year increase in earnings and revenues that also beat the respective Zacks Consensus Estimates. The company is executing well on its initiatives to refocus on the core business activities and instill price and cost discipline to achieve better margins. Management also increased its guidance for 2017 on healthy growth dynamics. The company outperformed the industry year to date. However, the pricing environment remains quite challenging and highly competitive due to aggressive bidding by smaller competitors. Moreover, Waste Management expects volumes to be down due to lower national counts as it strives for improved margin growth and pricing. Stringent government regulations are further likely to erode profitability as compliance with such regulations increases the operating costs for the company.”
  • 10/27/2017 – Waste Management had its price target raised by analysts at BMO Capital Markets from $82.00 to $86.00. They now have an “outperform” rating on the stock.
  • 10/27/2017 – Waste Management had its price target raised by analysts at Oppenheimer Holdings, Inc. from $82.00 to $87.00. They now have an “outperform” rating on the stock.
  • 10/13/2017 – Waste Management had its price target raised by analysts at KeyCorp from $80.00 to $84.00. They now have an “overweight” rating on the stock.
  • 10/13/2017 – Waste Management had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $85.00 price target on the stock.
  • 10/5/2017 – Waste Management was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Waste Management has underperformed the industry year to date. The pricing environment remains challenging and highly competitive due to aggressive bidding by smaller competitors. Moreover, Waste Management expects volumes to be down due to lower national counts as it strives for improved margin growth and pricing. In addition, continued decline in average recycling commodity prices and recycling volumes remain headwinds. Stringent government regulations are likely to erode profitability as compliance with such regulations increases the operating costs for the company. Time consuming permits and approvals to operate a landfill or any other waste management facility are often difficult to obtain and further act as deterrents. However, Waste Management aims to improve customer retention through better service and high value solutions, while extending its geographic footprint through opportunistic acquisitions.”
  • 10/5/2017 – Waste Management had its price target lowered by analysts at Bank of America Corporation from $85.00 to $83.00. They now have a “buy” rating on the stock.
  • 10/4/2017 – Waste Management was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a $80.00 price target on the stock, down previously from $85.00.
  • 9/8/2017 – Waste Management had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $82.00 price target on the stock.

Shares of Waste Management, Inc. (NYSE:WM) traded down 1.56% during midday trading on Wednesday, hitting $80.89. The stock had a trading volume of 1,618,187 shares. Waste Management, Inc. has a 52-week low of $63.19 and a 52-week high of $82.87. The company has a market cap of $35.59 billion, a PE ratio of 27.70 and a beta of 0.74. The company’s 50 day moving average is $78.16 and its 200 day moving average is $75.09.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.88 by $0.02. Waste Management had a return on equity of 25.61% and a net margin of 9.66%. The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the prior year, the business posted $0.84 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts anticipate that Waste Management, Inc. will post $3.20 earnings per share for the current year.

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.

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