Waste Management (WM) Receiving Somewhat Positive News Coverage, Study Finds
News articles about Waste Management (NYSE:WM) have trended somewhat positive on Wednesday, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Waste Management earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned headlines about the business services provider an impact score of 45.9916393840803 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- EtQ Finishes a Record Year in 2017 (prweb.com)
- Waste Management, Inc. (WM) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Waste Management halts service in Houston, elsewhere due to bad weather (finance.yahoo.com)
- Waste Management (WM) Downgraded to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Waste Management to give employees bonus, citing tax reform (finance.yahoo.com)
Several brokerages have recently weighed in on WM. KeyCorp raised their price target on shares of Waste Management from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Friday, October 13th. BMO Capital Markets raised their price target on shares of Waste Management from $82.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Oppenheimer raised their price target on shares of Waste Management from $82.00 to $87.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Zacks Investment Research raised shares of Waste Management from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a research note on Monday, January 8th. Finally, Stifel Nicolaus cut shares of Waste Management from a “buy” rating to a “hold” rating and decreased their price target for the stock from $85.00 to $80.00 in a research note on Wednesday, October 4th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $86.78.
Waste Management (NYSE:WM) last released its earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.02. Waste Management had a net margin of 9.66% and a return on equity of 25.61%. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same period last year, the business earned $0.84 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. research analysts predict that Waste Management will post 3.2 EPS for the current year.
Waste Management declared that its board has authorized a stock repurchase plan on Thursday, December 14th that permits the company to repurchase $1.25 billion in shares. This repurchase authorization permits the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
In related news, SVP Barry H. Caldwell sold 1,650 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $81.10, for a total value of $133,815.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.19% of the stock is currently owned by company insiders.
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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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