Waste Management (NYSE:WM) Price Target Raised to $230.00 at Oppenheimer

Waste Management (NYSE:WM) had its target price boosted by Oppenheimer from $224.00 to $230.00 in a report issued on Wednesday, Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

A number of other equities research analysts have also issued reports on WM. Scotiabank assumed coverage on shares of Waste Management in a research note on Friday, October 4th. They set a “sector perform” rating and a $220.00 target price for the company. Truist Financial decreased their target price on shares of Waste Management from $240.00 to $235.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. The Goldman Sachs Group raised shares of Waste Management to a “strong-buy” rating in a research note on Friday, July 26th. William Blair assumed coverage on shares of Waste Management in a research note on Thursday, October 3rd. They set an “outperform” rating for the company. Finally, Robert W. Baird decreased their target price on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a research note on Friday, July 26th. Eleven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $225.28.

Waste Management Trading Down 1.9 %

Waste Management stock opened at $214.95 on Wednesday. The company has a 50 day moving average price of $209.14 and a 200 day moving average price of $208.72. Waste Management has a 52 week low of $162.03 and a 52 week high of $225.00. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.03 and a current ratio of 1.07. The firm has a market capitalization of $86.26 billion, a price-to-earnings ratio of 32.87, a P/E/G ratio of 2.29 and a beta of 0.74.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The firm had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.51 billion. During the same quarter last year, the business posted $1.63 EPS. The company’s revenue was up 7.9% on a year-over-year basis. Research analysts forecast that Waste Management will post 7.24 EPS for the current year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.75 per share. The ex-dividend date was Friday, September 13th. This represents a $3.00 annualized dividend and a dividend yield of 1.40%. Waste Management’s payout ratio is 45.87%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WM. Hexagon Capital Partners LLC boosted its position in shares of Waste Management by 170.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 75 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Waste Management during the 2nd quarter valued at about $31,000. Fairway Wealth LLC boosted its position in shares of Waste Management by 62.9% during the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 66 shares in the last quarter. Fairscale Capital LLC acquired a new stake in shares of Waste Management during the 2nd quarter valued at about $39,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Waste Management during the 2nd quarter valued at about $36,000. Institutional investors own 80.40% of the company’s stock.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. 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 and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.