Waste Management Coverage Initiated at Macquarie (WM)
Equities research analysts at Macquarie started coverage on shares of Waste Management (NYSE:WM) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Waste Management (NYSE:WM) traded up 0.73% on Tuesday, hitting $44.08. The stock had a trading volume of 2,136,745 shares. Waste Management has a 52-week low of $34.00 and a 52-week high of $46.38. The stock’s 50-day moving average is $44.66 and its 200-day moving average is $42.61. The company has a market cap of $20.682 billion and a P/E ratio of 22.10.
Waste Management (NYSE:WM) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.62 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.62. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.60 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Analysts expect that Waste Management will post $2.19 EPS for the current fiscal year.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Waste Management in a research note to investors on Wednesday, October 30th. They now have a $45.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $44.02.
Waste Management, Inc (NYSE:WM) is a provider of waste management services in North America.
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