Waste Management (NYSE:WM) Earns Market Perform Rating from Oppenheimer

Oppenheimer reaffirmed their market perform rating on shares of Waste Management (NYSE:WM) in a research report released on Thursday, BenzingaRatingsTable reports. Oppenheimer also issued estimates for Waste Management’s Q3 2019 earnings at $1.15 EPS and Q4 2019 earnings at $1.13 EPS.

WM has been the subject of a number of other research reports. UBS Group reiterated a hold rating on shares of Deutsche Bank in a research report on Thursday, April 4th. Royal Bank of Canada set a €67.00 ($77.91) target price on shares of Daimler and gave the stock a buy rating in a research report on Monday, June 3rd. Argus increased their target price on shares of Waste Management from $110.00 to $115.00 and gave the stock a buy rating in a research report on Friday, April 26th. Stifel Nicolaus began coverage on shares of AAR in a research report on Monday, July 8th. They set a buy rating and a $50.00 target price for the company. Finally, KeyCorp lowered shares of Luxfer from an overweight rating to a sector weight rating and set a $24.30 target price for the company. in a research report on Monday, June 3rd. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $111.67.

NYSE WM opened at $116.79 on Thursday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.69 and a quick ratio of 0.66. The stock has a market capitalization of $49.61 billion, a P/E ratio of 27.81, a PEG ratio of 3.17 and a beta of 0.62. Waste Management has a 52-week low of $81.01 and a 52-week high of $118.89. The stock’s 50-day moving average is $115.21.

Waste Management (NYSE:WM) last issued its earnings results on Thursday, April 25th. The business services provider reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.03. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.68 billion. Waste Management had a net margin of 12.43% and a return on equity of 29.12%. The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the business earned $0.91 earnings per share. On average, research analysts predict that Waste Management will post 4.3 earnings per share for the current fiscal year.

In other news, Director Patrick W. Gross sold 289 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $118.61, for a total value of $34,278.29. Following the completion of the transaction, the director now directly owns 53,378 shares in the company, valued at $6,331,164.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michael J. Watson sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $104.55, for a total transaction of $73,185.00. Following the completion of the transaction, the vice president now owns 9,518 shares of the company’s stock, valued at $995,106.90. The disclosure for this sale can be found here. Insiders sold 128,098 shares of company stock valued at $14,483,420 over the last 90 days. 0.14% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC lifted its position in Waste Management by 1.7% during the second quarter. Valeo Financial Advisors LLC now owns 5,111 shares of the business services provider’s stock valued at $590,000 after purchasing an additional 86 shares during the last quarter. AdvisorNet Financial Inc lifted its position in Waste Management by 1.5% during the second quarter. AdvisorNet Financial Inc now owns 6,022 shares of the business services provider’s stock valued at $695,000 after purchasing an additional 87 shares during the last quarter. 6 Meridian lifted its position in Waste Management by 1.7% during the second quarter. 6 Meridian now owns 5,181 shares of the business services provider’s stock valued at $598,000 after purchasing an additional 88 shares during the last quarter. Hanseatic Management Services Inc. raised its stake in shares of Waste Management by 1.2% during the second quarter. Hanseatic Management Services Inc. now owns 7,652 shares of the business services provider’s stock worth $883,000 after acquiring an additional 90 shares in the last quarter. Finally, Hancock Whitney Corp raised its stake in shares of Waste Management by 0.8% during the first quarter. Hancock Whitney Corp now owns 12,367 shares of the business services provider’s stock worth $1,284,000 after acquiring an additional 94 shares in the last quarter. Institutional investors own 73.61% of the company’s stock.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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Analyst Recommendations for Waste Management (NYSE:WM)

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