National Bankshares Cuts Waste Management (NYSE:WM) Price Target to $243.00

Waste Management (NYSE:WMFree Report) had its target price cut by National Bankshares from $250.00 to $243.00 in a research note released on Tuesday morning,BayStreet.CA reports. They currently have a sector perform rating on the business services provider’s stock.

A number of other research analysts have also commented on WM. Raymond James Financial upped their price target on shares of Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Royal Bank Of Canada restated a “sector perform” rating and set a $229.00 price objective on shares of Waste Management in a report on Thursday, June 26th. William Blair reiterated an “outperform” rating on shares of Waste Management in a research note on Tuesday, July 29th. Stifel Nicolaus initiated coverage on shares of Waste Management in a research report on Tuesday, September 30th. They set a “buy” rating and a $252.00 price target on the stock. Finally, Erste Group Bank downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Waste Management currently has an average rating of “Moderate Buy” and an average target price of $254.32.

Get Our Latest Analysis on WM

Waste Management Stock Performance

Shares of NYSE WM opened at $217.56 on Tuesday. Waste Management has a 12 month low of $199.69 and a 12 month high of $242.58. The stock has a 50 day moving average of $223.24 and a 200-day moving average of $228.03. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51. The company has a market capitalization of $87.64 billion, a P/E ratio of 32.28, a P/E/G ratio of 2.71 and a beta of 0.64.

Waste Management (NYSE:WMGet Free Report) last announced its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.03. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The business had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter last year, the firm posted $1.82 EPS. The company’s quarterly revenue was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Waste Management will post 7.7 EPS for the current year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a dividend of $0.825 per share. The ex-dividend date was Friday, September 12th. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. Waste Management’s payout ratio is currently 48.96%.

Institutional Trading of Waste Management

Several hedge funds and other institutional investors have recently made changes to their positions in WM. Westend Capital Management LLC boosted its position in Waste Management by 126.9% during the 1st quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock worth $27,000 after buying an additional 66 shares during the period. West Branch Capital LLC lifted its holdings in shares of Waste Management by 69.0% during the first quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock worth $28,000 after purchasing an additional 49 shares during the period. Saudi Central Bank bought a new stake in shares of Waste Management in the first quarter worth $37,000. GKV Capital Management Co. Inc. bought a new position in Waste Management during the 1st quarter worth $38,000. Finally, Loomis Sayles & Co. L P acquired a new position in Waste Management during the 2nd quarter worth about $40,000. 80.40% of the stock is currently owned by institutional investors.

Waste Management Company Profile

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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.

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Analyst Recommendations for Waste Management (NYSE:WM)

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