Waste Management Receives Consensus Rating of “Hold” from Analysts (NYSE:WM)
Shares of Waste Management (NYSE:WM) have received an average rating of “Hold” from the eight ratings firms that are covering the company, ARN reports. Five equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $45.36.
A number of research firms have recently commented on WM. Analysts at Imperial Capital initiated coverage on shares of Waste Management in a research note on Tuesday. They set an “outperform” rating and a $50.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Wedbush raised their price target on shares of Waste Management from $40.00 to $44.00 in a research note on Friday, May 9th. They now have a “neutral” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Waste Management in a research note on Monday, April 28th. They now have a $45.00 price target on the stock.
Shares of Waste Management (NYSE:WM) traded up 1.30% on Wednesday, hitting $44.30. 675,604 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 has a 50-day moving average of $43.13 and a 200-day moving average of $42.94. The company has a market cap of $20.616 billion and a P/E ratio of 129.38.
Waste Management (NYSE:WM) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, analysts predict that Waste Management will post $2.37 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 20th. Investors of record on Friday, June 6th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Wednesday, June 4th.
Waste Management, Inc (NYSE:WM) is a provider of waste management services in North America.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.