Waste Management Given Average Rating of “Hold” by Analysts (NYSE:WM)
Shares of Waste Management (NYSE:WM) have earned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the company, AR Network reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $49.00.
WM has been the subject of a number of recent research reports. 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.
Waste Management (NYSE:WM) opened at 46.97 on Wednesday. Waste Management has a 52-week low of $39.60 and a 52-week high of $47.35. The stock has a 50-day moving average of $45.24 and a 200-day moving average of $43.46. The company has a market cap of $21.907 billion and a price-to-earnings ratio of 176.68.
Waste Management (NYSE:WM) last announced its earnings results on Tuesday, July 29th. The company reported $0.60 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.57 earnings per share. Waste Management’s revenue was up 1.0% compared to the same quarter last year. On average, analysts predict that Waste Management will post $2.37 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 19th. Investors 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 3.19%. The ex-dividend date of this dividend is Wednesday, September 3rd.
In other Waste Management news, VP Devina A. Rankin unloaded 5,541 shares of the stock on the open market in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $46.73, for a total value of $258,930.93. The sale 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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