Stifel Nicolaus upgraded shares of Waste Management (NYSE:WM) from a hold rating to a buy rating in a research report sent to investors on Monday morning, MarketBeat Ratings reports. They currently have $95.00 price objective on the business services provider’s stock, up from their prior price objective of $80.00.

WM has been the topic of a number of other research reports. KeyCorp lifted their price target on Waste Management from $80.00 to $84.00 and gave the company an overweight rating in a report on Friday, October 13th. BMO Capital Markets lifted their price target on Waste Management from $82.00 to $86.00 and gave the company an outperform rating in a report on Friday, October 27th. Oppenheimer lifted their price target on Waste Management from $82.00 to $87.00 and gave the company an outperform rating in a report on Friday, October 27th. Credit Suisse Group set a $90.00 price target on Waste Management and gave the company a buy rating in a report on Monday, October 30th. Finally, Bank of America lowered their price target on Waste Management from $85.00 to $83.00 and set a buy rating on the stock in a report on Thursday, October 5th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Waste Management currently has a consensus rating of Buy and an average price target of $83.31.

Waste Management (WM) opened at $85.34 on Monday. The company has a quick ratio of 0.68, a current ratio of 0.71 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $37,069.04, a price-to-earnings ratio of 27.36, a P/E/G ratio of 2.77 and a beta of 0.75. Waste Management has a 1-year low of $69.00 and a 1-year high of $85.87.

Waste Management (NYSE:WM) last issued its earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.02. The business had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.71 billion. Waste Management had a return on equity of 25.61% and a net margin of 9.66%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 EPS. analysts anticipate that Waste Management will post 3.2 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.70 annualized dividend and a dividend yield of 1.99%. Waste Management’s dividend payout ratio is presently 54.84%.

In related news, SVP Barry H. Caldwell sold 1,650 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $81.10, for a total transaction of $133,815.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.19% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Shine Investment Advisory Services Inc. bought a new position in Waste Management during the second quarter valued at about $101,000. Bruderman Asset Management LLC bought a new stake in shares of Waste Management in the 2nd quarter valued at approximately $110,000. FTB Advisors Inc. grew its stake in shares of Waste Management by 4.3% in the 2nd quarter. FTB Advisors Inc. now owns 1,585 shares of the business services provider’s stock valued at $116,000 after purchasing an additional 65 shares during the period. First Interstate Bank grew its stake in shares of Waste Management by 2.4% in the 2nd quarter. First Interstate Bank now owns 1,618 shares of the business services provider’s stock valued at $119,000 after purchasing an additional 38 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Waste Management by 25.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,694 shares of the business services provider’s stock valued at $124,000 after purchasing an additional 340 shares during the period. Hedge funds and other institutional investors own 75.14% 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.

Analyst Recommendations for Waste Management (NYSE:WM)

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