Waste Management, Inc. (WM) Given Average Recommendation of “Buy” by Analysts

Shares of Waste Management, Inc. (NYSE:WM) have been assigned an average rating of “Buy” from the ten analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and eight 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 $86.00.

Several research firms recently commented on WM. Macquarie upgraded Waste Management from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 3rd. Zacks Investment Research upgraded Waste Management from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Saturday. BMO Capital Markets lifted their price objective on Waste Management from $82.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Stifel Nicolaus upgraded Waste Management from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $80.00 to $95.00 in a report on Monday, December 11th. Finally, KeyCorp reiterated a “buy” rating and issued a $88.00 price objective on shares of Waste Management in a report on Friday, October 27th.

In other Waste Management news, Director Patrick W. Gross sold 387 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $88.30, for a total value of $34,172.10. Following the transaction, the director now directly owns 30,673 shares of the company’s stock, valued at $2,708,425.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Barry H. Caldwell sold 1,650 shares of the firm’s 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 disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Hall Laurie J Trustee boosted its position in Waste Management by 1.0% in the second quarter. Hall Laurie J Trustee now owns 18,555 shares of the business services provider’s stock worth $1,361,000 after purchasing an additional 175 shares during the last quarter. Advisory Services Network LLC boosted its position in Waste Management by 1.8% in the second quarter. Advisory Services Network LLC now owns 14,727 shares of the business services provider’s stock worth $1,080,000 after purchasing an additional 263 shares during the last quarter. Atlantic Trust LLC boosted its position in Waste Management by 7.6% in the second quarter. Atlantic Trust LLC now owns 3,820 shares of the business services provider’s stock worth $172,000 after purchasing an additional 270 shares during the last quarter. HL Financial Services LLC boosted its position in Waste Management by 20.8% in the third quarter. HL Financial Services LLC now owns 3,584 shares of the business services provider’s stock worth $280,000 after purchasing an additional 618 shares during the last quarter. Finally, Oakworth Capital Inc. boosted its position in Waste Management by 20.3% in the fourth quarter. Oakworth Capital Inc. now owns 3,796 shares of the business services provider’s stock worth $312,000 after purchasing an additional 641 shares during the last quarter. 75.47% of the stock is currently owned by institutional investors and hedge funds.

Waste Management (NYSE WM) traded up $0.98 during midday trading on Friday, reaching $80.10. The company had a trading volume of 4,950,000 shares, compared to its average volume of 1,930,000. Waste Management has a 52 week low of $69.55 and a 52 week high of $89.73. The company has a market cap of $35,210.00, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 2.22 and a beta of 0.70. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.71 and a quick ratio of 0.68.

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

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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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