Oppenheimer reissued their market perform rating on shares of Waste Management (NYSE:WM) in a report issued on Thursday, BenzingaRatingsTable reports. Oppenheimer also issued estimates for Waste Management’s Q3 2019 earnings at $1.15 EPS and Q4 2019 earnings at $1.13 EPS.
A number of other analysts have also recently commented on WM. Royal Bank of Canada set a €67.00 ($77.91) target price on shares of Daimler and gave the company a buy rating in a report on Monday, June 3rd. KeyCorp cut shares of Luxfer from an overweight rating to a sector weight rating and set a $24.30 target price on the stock. in a report on Monday, June 3rd. Argus boosted their target price on shares of Waste Management from $110.00 to $115.00 and gave the company a buy rating in a report on Friday, April 26th. Stifel Nicolaus began coverage on shares of AAR in a report on Monday, July 8th. They set a buy rating and a $50.00 target price on the stock. Finally, UBS Group restated a hold rating on shares of Deutsche Bank in a report on Thursday, April 4th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $111.67.
NYSE:WM opened at $116.79 on Thursday. The company has a market capitalization of $49.61 billion, a PE ratio of 27.81, a P/E/G ratio of 3.17 and a beta of 0.62. The firm has a fifty day moving average of $115.21. Waste Management has a twelve month low of $81.01 and a twelve month high of $118.89. The company has a current ratio of 0.69, a quick ratio of 0.66 and a debt-to-equity ratio of 1.45.
Waste Management (NYSE:WM) last announced its earnings results on Thursday, April 25th. The business services provider reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.03. Waste Management had a net margin of 12.43% and a return on equity of 29.12%. The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.68 billion. During the same quarter in the previous year, the business posted $0.91 EPS. The company’s quarterly revenue was up 5.3% on a year-over-year basis. Analysts predict that Waste Management will post 4.3 earnings per share for the current fiscal year.
In related news, EVP John J. Morris sold 42,795 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $106.38, for a total value of $4,552,532.10. Following the transaction, the executive vice president now owns 101,332 shares in the company, valued at approximately $10,779,698.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Patrick W. Gross sold 289 shares of the company’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $118.61, for a total transaction of $34,278.29. Following the completion of the transaction, the director now owns 53,378 shares in the company, valued at approximately $6,331,164.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 128,098 shares of company stock worth $14,483,420. 0.14% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the stock. Executive Wealth Management LLC purchased a new position in Waste Management in the 4th quarter worth about $26,000. Washington Trust Bank purchased a new position in Waste Management in the 1st quarter worth about $28,000. Joseph P. Lucia & Associates LLC purchased a new position in Waste Management in the 1st quarter worth about $31,000. Hanson McClain Inc. raised its position in Waste Management by 51.0% in the 1st quarter. Hanson McClain Inc. now owns 302 shares of the business services provider’s stock worth $31,000 after buying an additional 102 shares during the last quarter. Finally, TCI Wealth Advisors Inc. raised its position in Waste Management by 108.9% in the 1st quarter. TCI Wealth Advisors Inc. now owns 376 shares of the business services provider’s stock worth $39,000 after buying an additional 196 shares during the last quarter. Institutional investors own 73.61% 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 provides 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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