Waste Management (NYSE:WM) was upgraded by research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued on Monday, MarketBeat.com reports. The brokerage presently has a $95.00 target price on the business services provider’s stock, up from their previous target price of $80.00. Stifel Nicolaus’ price target would suggest a potential upside of 11.28% from the company’s previous close.

Other analysts also recently issued reports about the company. Bank of America cut their price objective on Waste Management from $85.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, October 5th. KeyCorp reissued a “buy” rating and set a $88.00 price objective on shares of Waste Management in a research report on Friday, October 27th. BMO Capital Markets reissued a “buy” rating and set a $85.00 price objective on shares of Waste Management in a research report on Friday, October 13th. Credit Suisse Group set a $90.00 price objective on Waste Management and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, Zacks Investment Research raised Waste Management from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $83.31.

Waste Management (NYSE:WM) traded up $0.80 during midday trading on Monday, hitting $85.37. The stock had a trading volume of 2,229,488 shares, compared to its average volume of 1,681,221. Waste Management has a fifty-two week low of $69.00 and a fifty-two week high of $85.87. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.68 and a current ratio of 0.71. The stock has a market cap of $36,720.00, a price-to-earnings ratio of 27.11, a PEG ratio of 2.75 and a beta of 0.75.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.88 by $0.02. Waste Management had a return on equity of 25.61% and a net margin of 9.66%. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the previous year, the firm earned $0.84 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. equities research analysts expect that Waste Management will post 3.2 earnings per share for the current fiscal year.

In other Waste Management news, SVP Barry H. Caldwell sold 1,650 shares of Waste Management stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $81.10, for a total value of $133,815.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.19% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WM. Shine Investment Advisory Services Inc. acquired a new position in shares of Waste Management during the second quarter worth about $101,000. Bruderman Asset Management LLC acquired a new position in shares of Waste Management during the second quarter worth about $110,000. FTB Advisors Inc. grew its position in shares of Waste Management by 4.3% during the second quarter. FTB Advisors Inc. now owns 1,585 shares of the business services provider’s stock worth $116,000 after buying an additional 65 shares in the last quarter. First Interstate Bank grew its position in shares of Waste Management by 2.4% during the second quarter. First Interstate Bank now owns 1,618 shares of the business services provider’s stock worth $119,000 after buying an additional 38 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of Waste Management by 25.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,694 shares of the business services provider’s stock worth $124,000 after buying an additional 340 shares in the last quarter. 75.14% of the stock is owned by institutional investors.

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Waste Management Company Profile

Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.

Analyst Recommendations for Waste Management (NYSE:WM)

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