Waste Management (NYSE:WM) Price Target Raised to $277.00 at Barclays

Waste Management (NYSE:WM) had its price target hoisted by research analysts at Barclays from $270.00 to $277.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. Barclays‘s target price points to a potential upside of 16.82% from the stock’s previous close.

Several other research analysts have also issued reports on the company. Weiss Ratings lowered Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Royal Bank Of Canada lifted their price target on shares of Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. TD Cowen upped their price objective on shares of Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Oppenheimer dropped their price objective on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 8th. Finally, Robert W. Baird boosted their target price on shares of Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and a consensus price target of $257.61.

Waste Management Stock Down 1.0%

Shares of NYSE WM opened at $237.12 on Thursday. Waste Management has a 52-week low of $194.11 and a 52-week high of $248.13. The company’s 50 day moving average price is $225.18 and its 200-day moving average price is $227.56. The company has a market capitalization of $95.22 billion, a P/E ratio of 33.59, a price-to-earnings-growth ratio of 2.91 and a beta of 0.44. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.89 and a current ratio of 0.93.

Waste Management (NYSE:WM) last announced its earnings results on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, beating the consensus estimate of $1.98 by $0.04. The company had revenue of $6.68 billion for the quarter, compared to analyst estimates of $6.71 billion. Waste Management had a return on equity of 31.74% and a net margin of 11.11%.The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.92 EPS. Equities analysts forecast that Waste Management will post 8.16 earnings per share for the current year.

Hedge Funds Weigh In On Waste Management

Several institutional investors and hedge funds have recently bought and sold shares of WM. Brighton Jones LLC raised its holdings in Waste Management by 51.1% during the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock valued at $1,384,000 after acquiring an additional 2,320 shares during the period. Sprott Inc. purchased a new position in shares of Waste Management during the first quarter worth approximately $325,000. Sei Investments Co. lifted its stake in shares of Waste Management by 8.0% in the 2nd quarter. Sei Investments Co. now owns 272,438 shares of the business services provider’s stock valued at $62,339,000 after acquiring an additional 20,122 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Waste Management by 68.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 366,416 shares of the business services provider’s stock worth $83,843,000 after acquiring an additional 148,590 shares during the last quarter. Finally, Glenview Trust co lifted its holdings in Waste Management by 5.1% in the 2nd quarter. Glenview Trust co now owns 3,338 shares of the business services provider’s stock worth $764,000 after buying an additional 162 shares during the period. 80.40% of the stock is owned by institutional investors.

About Waste Management

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.