Several other equities analysts have also weighed in on the company. BMO Capital Markets reissued a buy rating and set a $82.00 price objective on shares of Waste Management in a report on Friday, September 8th. Stifel Nicolaus increased their price objective on Waste Management from $80.00 to $85.00 and gave the company a buy rating in a report on Tuesday, July 18th. Zacks Investment Research lowered Waste Management from a hold rating to a sell rating in a report on Thursday, October 5th. KeyCorp increased their price objective on Waste Management from $80.00 to $84.00 and gave the company an overweight rating in a report on Friday, October 13th. Finally, Oppenheimer Holdings, Inc. increased their price objective on Waste Management from $77.00 to $82.00 and gave the company an outperform rating in a report on Wednesday, July 5th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Waste Management currently has a consensus rating of Buy and a consensus price target of $81.81.
Waste Management (NYSE:WM) last announced its quarterly earnings data 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 return on equity of 25.61% and a net margin of 9.66%. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same period in the prior year, the company earned $0.84 earnings per share. Waste Management’s revenue was up 4.7% compared to the same quarter last year.
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Large investors have recently bought and sold shares of the stock. Shine Investment Advisory Services Inc. bought a new stake in Waste Management during the second quarter valued at $101,000. Northwest Investment Counselors LLC bought a new stake in Waste Management during the second quarter valued at $103,000. Bruderman Asset Management LLC bought a new stake in Waste Management during the second quarter valued at $110,000. Guardian Life Insurance Co. of America boosted its stake in Waste Management by 0.9% during the first quarter. Guardian Life Insurance Co. of America now owns 1,568 shares of the business services provider’s stock valued at $114,000 after buying an additional 14 shares during the period. Finally, FTB Advisors Inc. boosted its stake in Waste Management by 4.3% during the second quarter. FTB Advisors Inc. now owns 1,585 shares of the business services provider’s stock valued at $116,000 after buying an additional 65 shares during the period. 75.29% of the stock is owned by institutional investors.
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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