Brokerages Set Waste Management, Inc. (NYSE:WM) PT at $255.17

Waste Management, Inc. (NYSE:WM) has earned an average rating of “Moderate Buy” from the twenty-four research firms that are covering the firm, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $255.1667.

A number of research firms have weighed in on WM. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $229.00 price target on shares of Waste Management in a research report on Thursday, June 26th. William Blair restated an “outperform” rating on shares of Waste Management in a research note on Tuesday, July 29th. Melius Research upgraded Waste Management to a “strong-buy” rating and set a $263.00 price objective on the stock in a research note on Monday, June 9th. Oppenheimer raised their target price on shares of Waste Management from $260.00 to $265.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Finally, Stifel Nicolaus initiated coverage on shares of Waste Management in a research note on Tuesday. They issued a “buy” rating and a $252.00 price target for the company.

Hedge Funds Weigh In On Waste Management

Several large investors have recently modified their holdings of WM. Westend Capital Management LLC grew its stake in Waste Management by 126.9% in the 1st quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock valued at $27,000 after buying an additional 66 shares during the last quarter. West Branch Capital LLC grew its position in shares of Waste Management by 69.0% in the first quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 49 shares during the last quarter. Saudi Central Bank bought a new position in shares of Waste Management during the first quarter worth approximately $37,000. GKV Capital Management Co. Inc. acquired a new stake in Waste Management during the 1st quarter worth approximately $38,000. Finally, Loomis Sayles & Co. L P bought a new stake in Waste Management in the 2nd quarter valued at $40,000. 80.40% of the stock is owned by institutional investors.

Waste Management Price Performance

WM opened at $216.77 on Friday. The company has a fifty day moving average price of $224.49 and a two-hundred day moving average price of $228.30. The firm has a market capitalization of $87.32 billion, a PE ratio of 32.16, a P/E/G ratio of 2.69 and a beta of 0.64. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86. Waste Management has a 52 week low of $199.69 and a 52 week high of $242.58.

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

Waste Management Dividend Announcement

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

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.