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Waste Management (NYSE:WM)‘s stock had its “outperform” rating reiterated by research analysts at Macquarie in a report released on Wednesday. They currently have a $53.00 price objective on the stock, up from their previous price objective of $50.00. Macquarie’s price objective points to a potential upside of 16.74% from the company’s current price.

WM has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Waste Management in a research note on Wednesday. They now have a $48.00 price target on the stock. Separately, analysts at Deutsche Bank initiated coverage on shares of Waste Management in a research note on Monday, June 9th. They set a “hold” rating and a $47.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Imperial Capital initiated coverage on shares of Waste Management in a research note on Tuesday, May 27th. They set an “outperform” rating and a $50.00 price target on the stock. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Waste Management has a consensus rating of “Hold” and an average target price of $47.86.

Shares of Waste Management (NYSE:WM) traded down 0.42% on Wednesday, hitting $45.40. 2,174,810 shares of the company’s stock traded hands. Waste Management has a 52-week low of $39.60 and a 52-week high of $46.38. The stock’s 50-day moving average is $44.41 and its 200-day moving average is $42.90. The company has a market cap of $21.127 billion and a P/E ratio of 134.88.

Waste Management (NYSE:WM) last released its earnings data on Tuesday, July 29th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.01. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, analysts predict that Waste Management will post $2.36 earnings per share for the current fiscal year.

In other Waste Management news, Director Frank M. Clark sold 702 shares of the stock on the open market in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $44.34, for a total value of $31,126.68. The transaction was disclosed in a filing 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.

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