Waste Management (NYSE:WM) had its price target boosted by investment analysts at Raymond James from $144.00 to $147.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Raymond James’ target price would indicate a potential upside of 4.75% from the stock’s current price.

A number of other research analysts also recently issued reports on WM. Deutsche Bank Aktiengesellschaft upped their target price on shares of Waste Management from $119.00 to $138.00 and gave the company a “hold” rating in a research report on Wednesday, April 28th. BMO Capital Markets upped their target price on shares of Waste Management from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, April 28th. Morgan Stanley upped their price target on Waste Management from $121.00 to $133.00 and gave the company an “equal weight” rating in a research note on Tuesday. Royal Bank of Canada upped their price target on Waste Management from $122.00 to $137.00 and gave the company a “sector perform” rating in a research note on Tuesday. Finally, The Goldman Sachs Group initiated coverage on Waste Management in a research note on Tuesday, April 13th. They issued a “buy” rating and a $145.00 price target for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. Waste Management presently has an average rating of “Hold” and a consensus price target of $129.77.

Shares of NYSE WM opened at $140.34 on Tuesday. The firm’s 50-day simple moving average is $130.89 and its 200 day simple moving average is $119.70. The company has a market cap of $59.24 billion, a price-to-earnings ratio of 37.13, a price-to-earnings-growth ratio of 4.70 and a beta of 0.72. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 1.39. Waste Management has a 12-month low of $94.13 and a 12-month high of $140.68.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Tuesday, April 27th. The business services provider reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.05. Waste Management had a net margin of 10.66% and a return on equity of 25.84%. The business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter in the prior year, the company earned $0.93 EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. On average, equities analysts expect that Waste Management will post 3.84 earnings per share for the current year.

In other Waste Management news, EVP Charles C. Boettcher sold 2,891 shares of the company’s stock in a transaction that occurred on Monday, March 29th. The stock was sold at an average price of $130.00, for a total transaction of $375,830.00. Following the completion of the transaction, the executive vice president now owns 22,373 shares of the company’s stock, valued at approximately $2,908,490. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Michael J. Watson sold 432 shares of the company’s stock in a transaction that occurred on Friday, February 19th. The stock was sold at an average price of $111.29, for a total value of $48,077.28. Following the transaction, the vice president now directly owns 18,748 shares of the company’s stock, valued at approximately $2,086,464.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,382 shares of company stock valued at $3,731,129. Insiders own 0.16% of the company’s stock.

A number of hedge funds have recently bought and sold shares of WM. SkyOak Wealth LLC increased its position in shares of Waste Management by 3.6% in the first quarter. SkyOak Wealth LLC now owns 2,118 shares of the business services provider’s stock worth $289,000 after purchasing an additional 74 shares during the period. Alpha Cubed Investments LLC increased its position in shares of Waste Management by 3.9% in the first quarter. Alpha Cubed Investments LLC now owns 2,139 shares of the business services provider’s stock worth $276,000 after purchasing an additional 80 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management increased its position in shares of Waste Management by 1.4% in the first quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 5,967 shares of the business services provider’s stock worth $770,000 after purchasing an additional 82 shares during the period. Wealth Enhancement & Preservation of GA LLC increased its position in shares of Waste Management by 1.0% in the first quarter. Wealth Enhancement & Preservation of GA LLC now owns 8,354 shares of the business services provider’s stock worth $1,123,000 after purchasing an additional 82 shares during the period. Finally, Mayflower Financial Advisors LLC increased its position in shares of Waste Management by 1.5% in the first quarter. Mayflower Financial Advisors LLC now owns 5,542 shares of the business services provider’s stock worth $715,000 after purchasing an additional 83 shares during the period. Hedge funds and other institutional investors own 71.42% of the company’s stock.

About Waste Management

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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