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Waste Management (NYSE:WM) was upgraded by investment analysts at TheStreet from a “hold” rating to a “buy” rating in a note issued to investors on Monday, Analyst Ratings Network reports.

The analysts wrote, “Waste Management (WM) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its increase in net income, revenue growth, good cash flow from operations, growth in earnings per share and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”

A number of other firms have also recently commented on WM. Analysts at Zacks reiterated a “neutral” rating on shares of Waste Management in a research note on Thursday, February 20th. They now have a $43.00 price target on the stock. Analysts at Wunderlich downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. They now have a $45.00 price target on the stock, down previously from $52.00. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $43.63.

Waste Management (NYSE:WM) traded up 1.79% during mid-day trading on Monday, hitting $43.81. 2,625,409 shares of the company’s stock traded hands. Waste Management has a 52-week low of $38.81 and a 52-week high of $46.38. The stock’s 50-day moving average is $41.5 and its 200-day moving average is $42.80. The company has a market cap of $20.364 billion and a price-to-earnings ratio of 204.95.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.49 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.44 by $0.05. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter last year, the company posted $0.40 earnings per share. Waste Management’s revenue was up 1.8% compared to the same quarter last year. Analysts expect that Waste Management will post $2.34 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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