Waste Management, Inc. (NYSE:WM) has been assigned a consensus rating of “Buy” from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $85.25.

A number of equities research analysts recently weighed in on WM shares. Stifel Nicolaus cut shares of Waste Management from a “buy” rating to a “hold” rating and reduced their price target for the company from $85.00 to $80.00 in a research report on Wednesday, October 4th. Zacks Investment Research cut shares of Waste Management from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Bank of America reduced their price target on shares of 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 boosted their price target on shares of Waste Management from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $85.00 price target on shares of Waste Management in a research report on Friday, October 13th.

In related news, SVP Barry H. Caldwell sold 1,650 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $81.10, for a total transaction of $133,815.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.19% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in WM. FTB Advisors Inc. lifted its holdings in shares of Waste Management by 4.3% in the second quarter. FTB Advisors Inc. now owns 1,585 shares of the business services provider’s stock valued at $116,000 after purchasing an additional 65 shares in the last quarter. Atlantic Trust LLC lifted its holdings in shares of Waste Management by 7.6% in the second quarter. Atlantic Trust LLC now owns 3,820 shares of the business services provider’s stock valued at $172,000 after purchasing an additional 270 shares in the last quarter. MPS Loria Financial Planners LLC purchased a new stake in shares of Waste Management in the second quarter valued at about $182,000. Horan Capital Advisors LLC. purchased a new stake in shares of Waste Management in the third quarter valued at about $186,000. Finally, Capital Guardian Trust Co. purchased a new stake in shares of Waste Management in the third quarter valued at about $193,000. 74.93% of the stock is currently owned by hedge funds and other institutional investors.

Waste Management (NYSE:WM) traded up $0.09 during trading on Tuesday, hitting $88.27. 1,986,300 shares of the stock traded hands, compared to its average volume of 1,732,856. The stock has a market cap of $38,320.00, a PE ratio of 28.38, a P/E/G ratio of 2.65 and a beta of 0.75. Waste Management has a 1-year low of $69.00 and a 1-year high of $88.66. The company has a current ratio of 0.71, a quick ratio of 0.68 and a debt-to-equity ratio of 1.60.

Waste Management (NYSE:WM) last released its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.02. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.71 billion. Waste Management had a net margin of 9.66% and a return on equity of 25.61%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.84 EPS. sell-side analysts expect that Waste Management will post 3.2 earnings per share for the current year.

Waste Management declared that its Board of Directors has initiated a share repurchase program on Thursday, December 14th that permits the company to buyback $1.25 billion in outstanding shares. This buyback authorization permits the business services provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

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About Waste Management

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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