Waste Management Receives Average Rating of “Hold” from Brokerages (NYSE:WM)
Waste Management (NYSE:WM) has received a consensus rating of “Hold” from the eight analysts that are currently covering the company, Stock Ratings Network reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $49.00.
Shares of Waste Management (NYSE:WM) traded up 1.35% during mid-day trading on Wednesday, hitting $47.20. The stock had a trading volume of 840,888 shares. Waste Management has a 52 week low of $39.60 and a 52 week high of $46.92. The stock’s 50-day moving average is $45.02 and its 200-day moving average is $43.38. The company has a market cap of $22.014 billion and a P/E ratio of 175.74.
Waste Management (NYSE:WM) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.57 earnings per share. Waste Management’s revenue was up 1.0% compared to the same quarter last year. Analysts expect that Waste Management will post $2.36 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 19th. Shareholders of record on Friday, September 5th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Wednesday, September 3rd.
A number of analysts have recently weighed in on WM shares. Analysts at Stifel Nicolaus upgraded shares of Waste Management from a “hold” rating to a “buy” rating in a research note on Wednesday. They now have a $55.00 price target on the stock. Separately, analysts at Imperial Capital raised their price target on shares of Waste Management from $50.00 to $51.00 in a research note on Thursday, July 31st. Finally, analysts at Macquarie reiterated an “outperform” rating on shares of Waste Management in a research note on Wednesday, July 30th. They now have a $53.00 price target on the stock, up previously from $50.00.
In other Waste Management news, VP Devina A. Rankin unloaded 5,541 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $46.73, for a total transaction of $258,930.93. The sale was disclosed in a legal 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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