Waste Management (NYSE:WM) Price Target Raised to $226.00 at UBS Group

Waste Management (NYSE:WM) had its target price hoisted by UBS Group from $220.00 to $226.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. UBS Group’s target price would indicate a potential upside of 4.70% from the company’s current price.

A number of other brokerages have also recently commented on WM. Truist Financial cut their price target 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. CIBC lowered their price target on Waste Management from $223.00 to $213.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. Scotiabank assumed coverage on Waste Management in a report on Friday, October 4th. They set a “sector perform” rating and a $220.00 price objective for the company. Royal Bank of Canada lowered their target price on shares of Waste Management from $215.00 to $204.00 and set a “sector perform” rating on the stock in a report on Friday, July 26th. Finally, BMO Capital Markets cut their price target on shares of Waste Management from $215.00 to $213.00 and set a “market perform” rating for the company in a report on Friday, July 26th. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $226.05.

Waste Management Trading Up 0.5 %

Waste Management stock opened at $215.85 on Wednesday. Waste Management has a 12 month low of $162.03 and a 12 month high of $225.00. The stock has a market cap of $86.62 billion, a price-to-earnings ratio of 33.00, a price-to-earnings-growth ratio of 2.29 and a beta of 0.74. The business has a 50 day moving average price of $209.26 and a two-hundred day moving average price of $208.77. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 2.21.

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

Institutional Investors Weigh In On Waste Management

Several large investors have recently made changes to their positions in WM. Summit Global Investments increased its holdings in Waste Management by 67.2% during the third quarter. Summit Global Investments now owns 31,367 shares of the business services provider’s stock worth $6,512,000 after buying an additional 12,607 shares during the last quarter. LS Investment Advisors LLC increased its holdings in shares of Waste Management by 0.5% in the third quarter. LS Investment Advisors LLC now owns 27,504 shares of the business services provider’s stock valued at $5,710,000 after purchasing an additional 145 shares during the last quarter. Mine & Arao Wealth Creation & Management LLC. lifted its stake in shares of Waste Management by 64.7% during the 3rd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 2,484 shares of the business services provider’s stock worth $516,000 after buying an additional 976 shares during the last quarter. Trinity Legacy Partners LLC grew its stake in Waste Management by 3.8% in the 3rd quarter. Trinity Legacy Partners LLC now owns 28,929 shares of the business services provider’s stock valued at $6,176,000 after buying an additional 1,061 shares during the last quarter. Finally, Portside Wealth Group LLC increased its stake in shares of Waste Management by 7.5% during the third quarter. Portside Wealth Group LLC now owns 2,390 shares of the business services provider’s stock worth $496,000 after purchasing an additional 167 shares during the period. 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.