Waste Management (NYSE:WM) Stock Price Target Lowered at JPMorgan Chase & Co.

Waste Management (NYSE:WM) had its price target lowered by analysts at JPMorgan Chase & Co. from $270.00 to $235.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 11.90% from the stock’s current price.

A number of other research analysts also recently commented on WM. Stifel Nicolaus increased their target price on Waste Management from $252.00 to $261.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Citigroup upped their price target on Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Scotiabank raised their price objective on Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 16th. Barclays lifted their price objective on shares of Waste Management from $270.00 to $277.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Finally, Oppenheimer dropped their target price on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating on the stock in a report on Wednesday, July 8th. Thirteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $256.65.

Waste Management Stock Up 0.5%

Shares of WM traded up $1.07 during midday trading on Thursday, hitting $210.01. The company had a trading volume of 2,182,182 shares, compared to its average volume of 2,174,348. The stock has a market cap of $83.94 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 2.62 and a beta of 0.42. The company’s 50 day moving average price is $217.67 and its 200 day moving average price is $222.81. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.24. Waste Management has a 52 week low of $194.11 and a 52 week high of $248.13.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, topping the consensus estimate of $1.98 by $0.04. The business had revenue of $6.68 billion for the quarter, compared to analysts’ expectations of $6.71 billion. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.92 earnings per share. On average, equities research analysts predict that Waste Management will post 8.13 EPS for the current year.

Insider Activity at Waste Management

In related news, CAO John Carroll sold 1,365 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $219.90, for a total value of $300,163.50. Following the sale, the chief accounting officer owned 3,509 shares of the company’s stock, valued at $771,629.10. This trade represents a 28.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Waste Management

A number of hedge funds have recently made changes to their positions in WM. Morgan Stanley Institutional Investment Advisors LLC acquired a new stake in shares of Waste Management during the second quarter valued at approximately $322,479,000. Corient Private Wealth LLC boosted its position in Waste Management by 279.0% during the fourth quarter. Corient Private Wealth LLC now owns 1,075,906 shares of the business services provider’s stock valued at $236,387,000 after purchasing an additional 792,037 shares during the last quarter. Diamant Asset Management Inc. grew its stake in shares of Waste Management by 23,051.5% in the 1st quarter. Diamant Asset Management Inc. now owns 770,945 shares of the business services provider’s stock valued at $17,716,000 after buying an additional 767,615 shares in the last quarter. Danske Bank A S bought a new stake in Waste Management in the second quarter worth approximately $146,053,000. Finally, BlackRock Inc. boosted its holdings in Waste Management by 1.8% in the second quarter. BlackRock Inc. now owns 30,733,944 shares of the business services provider’s stock worth $6,849,981,000 after purchasing an additional 535,079 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

More Waste Management News

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: Oppenheimer initiated or reiterated a Buy rating on Waste Management, providing a favorable analyst signal after the stock’s recent weakness. Waste Management (WM) Gets a Buy from Oppenheimer
• Positive Sentiment: Analysts expect Waste Management’s third-quarter profitability to rise in the low-double-digit range when results are released later this month. Expectations for earnings growth could support the shares ahead of the report. What You Need to Know Ahead of Waste Management’s Earnings Release
• Neutral Sentiment: Commentary continues to highlight WM’s recurring, contract-based waste-collection revenue and landfill network as potential long-term competitive advantages. However, the articles do not present a new operating catalyst. What is Waste Management’s Economic Moat, and is it Widening or Narrowing?
• Neutral Sentiment: Waste Management is being cited as a dependable dividend and defensive-compounding business, but the broader investing articles offer limited new information specific to WM’s near-term valuation or earnings outlook. 5 Monthly Dividend Stocks That Could Turn Your Portfolio into a Second Paycheck
• Negative Sentiment: Canadian Imperial Bank of Commerce lowered its price target from $250 to $225 and shifted to a Neutral rating. Although the revised target implies approximately 7.1% potential upside, the downgrade signals more limited conviction in near-term appreciation.
• Negative Sentiment: WM suspended trash collection in Okaloosa County ahead of Hurricane Isaias. The disruption is localized and likely temporary, but severe weather can delay service and create short-term operational costs. Waste Management Suspends Trash Collection in Okaloosa County Ahead of Hurricane Isaias

Waste Management Company Profile

Waste Management, Inc, doing business as WM (NYSE: WM), is an environmental services company that provides waste collection, transfer, disposal, recycling and resource recovery services. Its customers include residential households, commercial businesses, industrial organizations and municipalities.

The company operates a network of collection operations, transfer stations, landfills, recycling facilities and waste-to-energy assets across the United States and Canada. Its services include curbside collection, dumpster and roll-off services, recycling, landfill disposal, organics management and specialized waste solutions.

Founded in 1968, WM has expanded from a traditional waste collection business into a broader provider of environmental and sustainability services.