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Waste Management (NYSE:WM)‘s stock had its “neutral” rating restated by Zacks in a note issued to investors on Monday, Analyst Ratings Net reports. They currently have a $44.00 target price on the stock. Zacks‘ target price indicates a potential upside of 5.67% from the stock’s previous close.

Zacks‘ analyst wrote, “Waste Management reported strong third quarter 2013 results with a year-over-year increase in both earnings and revenues. The company is continuing with its restructuring initiatives, which are likely to reap benefits in the long run. Waste Management is also taking adequate measures to improve its yield in the coming year and at the same time remains focused on controlling its costs. The company continues to return significant cash to its shareholders through dividends. However, high market price volatility, recycling operations headwinds, and huge integration costs related to acquisition could impair its long-term profitability to some extent. Nevertheless, we maintain our long-term Neutral recommendation for the stock”

Waste Management (NYSE:WM) traded down 0.46% on Monday, hitting $41.45. 872,763 shares of the company’s stock traded hands. Waste Management has a 52-week low of $35.50 and a 52-week high of $46.38. The stock’s 50-day moving average is $43.8 and its 200-day moving average is $42.82. The company has a market cap of $19.448 billion and a price-to-earnings ratio of 21.03.

Waste Management (NYSE:WM) last released its earnings data on Tuesday, October 29th. The company reported $0.62 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.61 earnings per share. Waste Management’s revenue was up 4.6% compared to the same quarter last year. On average, analysts predict that Waste Management will post $2.19 earnings per share for the current fiscal year.

Separately, analysts at Macquarie initiated coverage on shares of Waste Management in a research note to investors on Tuesday, January 7th. They set an “outperform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $43.86.

In other Waste Management news, Director W Robert Reum unloaded 1,194 shares of Waste Management stock on the open market in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $43.09, for a total value of $51,449.46. Following the sale, the director now directly owns 27,917 shares in the company, valued at approximately $1,202,944. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Waste Management, Inc (NYSE:WM) is a provider of waste management services in North America.

To view Zacks’ full report, visit www.zacks.com

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