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Waste Management (NYSE:WM)‘s stock had its “neutral” rating restated by Zacks in a report released on Thursday, American Banking reports. They currently have a $43.00 price target on the stock. Zacks‘ target price would indicate a potential upside of 4.39% from the stock’s previous close.

Zacks‘ analyst wrote, “Waste Management reported lackluster fourth quarter 2013 results with a year-over-year decrease in earnings. Adjusted earnings also missed the Zacks Consensus Estimate by $0.04. 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 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.”

A number of other analysts have also recently weighed in on WM. Analysts at TheStreet downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Thursday. Separately, analysts at Wunderlich downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Wednesday. They now have a $45.00 price target on the stock, down previously from $52.00. Finally, analysts at Macquarie initiated coverage on shares of Waste Management in a research note on Tuesday, January 7th. They set an “outperform” rating on the stock. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Waste Management currently has a consensus rating of “Hold” and a consensus price target of $43.19.

Shares of Waste Management (NYSE:WM) traded down 0.46% during mid-day trading on Thursday, hitting $41.00. The stock had a trading volume of 1,429,758 shares. Waste Management has a one year low of $36.23 and a one year high of $46.38. The stock’s 50-day moving average is $42.64 and its 200-day moving average is $42.83. The company has a market cap of $19.188 billion and a price-to-earnings ratio of 196.14.

Waste Management (NYSE:WM) last announced its earnings results on Tuesday, February 18th. The company reported $0.56 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.60 by $0.04. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.58 billion. Analysts expect that Waste Management will post $2.35 EPS for the current fiscal year.

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

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