Waste Management, Inc. (NYSE:WM) Receives $230.72 Average Price Target from Brokerages

Waste Management, Inc. (NYSE:WM) has been given a consensus rating of “Moderate Buy” by the twenty-one analysts that are covering the stock, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $230.72.

Several brokerages recently issued reports on WM. BMO Capital Markets upped their target price on Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Oppenheimer increased their price objective on shares of Waste Management from $230.00 to $231.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. William Blair began coverage on shares of Waste Management in a research note on Thursday, October 3rd. They set an “outperform” rating on the stock. UBS Group lifted their price objective on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Truist Financial raised their target price on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th.

Insider Activity

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total transaction of $66,795.70. Following the completion of the sale, the director now directly owns 3,875 shares in the company, valued at approximately $834,946.25. The trade was a 7.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On Waste Management

Institutional investors and hedge funds have recently bought and sold shares of the business. Activest Wealth Management increased its holdings in shares of Waste Management by 4,000.0% during the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after buying an additional 120 shares during the last quarter. Global Wealth Strategies & Associates increased its stake in Waste Management by 892.9% during the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after acquiring an additional 125 shares during the last quarter. General Partner Inc. purchased a new stake in Waste Management in the fourth quarter valued at $29,000. Sugar Maple Asset Management LLC acquired a new position in shares of Waste Management in the 4th quarter valued at $35,000. Finally, Fairscale Capital LLC acquired a new stake in shares of Waste Management during the 2nd quarter worth about $39,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Stock Performance

WM stock opened at $212.77 on Friday. Waste Management has a one year low of $182.93 and a one year high of $230.39. The firm has a market cap of $85.40 billion, a price-to-earnings ratio of 32.53, a PEG ratio of 2.14 and a beta of 0.77. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The firm has a 50-day simple moving average of $213.57 and a two-hundred day simple moving average of $211.27.

Waste Management (NYSE:WM) last announced its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.07. The company had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. Waste Management’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $1.63 earnings per share. On average, equities analysts forecast that Waste Management will post 7.3 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers 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 and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.