Waste Management (WM) Given Daily News Sentiment Rating of 0.13
Media coverage about Waste Management (NYSE:WM) has trended somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Waste Management earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 46.6573012502942 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern’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)
Waste Management (WM) traded down 0.37% during midday trading on Friday, hitting $75.25. 1,555,063 shares of the stock traded hands. The firm has a market cap of $33.11 billion, a PE ratio of 25.77 and a beta of 0.71. The company’s 50 day moving average price is $74.81 and its 200 day moving average price is $73.07. Waste Management has a 12 month low of $61.08 and a 12 month high of $76.33.
Waste Management (NYSE:WM) last posted its 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 return on equity of 25.07% and a net margin of 9.18%. The firm had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.62 billion. During the same period last year, the firm earned $0.74 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. Equities research analysts predict that Waste Management will post $3.19 earnings per share for the current fiscal year.
Several brokerages recently issued reports on WM. Zacks Investment Research upgraded shares of Waste Management from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Thursday, June 22nd. BMO Capital Markets started coverage on shares of Waste Management in a report on Thursday, June 29th. They set an “outperform” rating and a $81.00 price target on the stock. Stifel Nicolaus raised their price target on shares of Waste Management from $80.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, July 18th. Finally, Credit Suisse Group raised their price target on shares of Waste Management from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. Waste Management presently has an average rating of “Hold” and a consensus target price of $75.51.
In other news, CEO James C. Fish, Jr. sold 3,500 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $72.19, for a total transaction of $252,665.00. Following the completion of the sale, the chief executive officer now directly owns 151,162 shares of the company’s stock, valued at approximately $10,912,384.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John C. Pope sold 453 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $74.38, for a total value of $33,694.14. Following the sale, the director now directly owns 51,470 shares of the company’s stock, valued at $3,828,338.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,440 shares of company stock worth $322,728. 0.19% of the stock is owned by insiders.
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.
Receive News & Stock Ratings for Waste Management Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Management Inc. and related stocks with our FREE daily email newsletter.