Waste Management (NYSE:WM) Earns News Sentiment Rating of 0.26
Press coverage about Waste Management (NYSE:WM) has trended positive on Saturday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Waste Management earned a news sentiment score of 0.26 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 46.5810113276735 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Taking a Deep Dive into Technical Levels for Waste Management Inc (WM) – Evergreen Caller (evergreencaller.com)
- Waste Management Hits 52-Week High on Pricing Discipline – Nasdaq (nasdaq.com)
- Waste Management, Inc. (WM) Dividend Stock Analysis (caps.fool.com)
- Verizon Communications Inc. (VZ) Ownership Increased by Susquehanna International Group, Llp (fishinghd.com)
WM has been the topic of a number of research reports. Zacks Investment Research raised Waste Management from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a report on Friday, April 28th. Stifel Nicolaus increased their price target on Waste Management from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, July 18th. KeyCorp raised their target price on Waste Management from $50.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, May 11th. Oppenheimer Holdings, Inc. increased their price target on Waste Management from $77.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, July 5th. Finally, Credit Suisse Group raised their target price on Waste Management from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $75.51.
Waste Management (NYSE:WM) traded down 0.37% during trading on Friday, reaching $75.25. The company’s stock had a trading volume of 1,555,063 shares. The stock has a market capitalization of $33.11 billion, a price-to-earnings ratio of 25.77 and a beta of 0.71. The firm has a 50 day moving average of $74.81 and a 200 day moving average of $73.07. Waste Management has a 52 week low of $61.08 and a 52 week high of $76.33.
Waste Management (NYSE:WM) last announced its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.81 EPS for the quarter, meeting the consensus estimate of $0.81. Waste Management had a net margin of 9.18% and a return on equity of 25.07%. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same quarter last year, the business earned $0.74 earnings per share. Waste Management’s revenue was up 7.4% compared to the same quarter last year. Analysts expect that Waste Management will post $3.19 EPS for the current year.
In related news, Director John C. Pope sold 453 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $74.38, for a total transaction of $33,694.14. Following the transaction, the director now owns 51,470 shares in the company, valued at $3,828,338.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Patrick W. Gross sold 487 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $74.68, for a total transaction of $36,369.16. Following the transaction, the director now owns 23,222 shares in the company, valued at approximately $1,734,218.96. The disclosure for this sale can be found here. Insiders have sold 4,440 shares of company stock worth $322,728 in the last quarter. Company insiders own 0.19% of the company’s stock.
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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.
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