Research Analysts’ Recent Ratings Updates for Waste Management (WM)

A number of research firms have changed their ratings and price targets for Waste Management (NYSE: WM):

  • 1/13/2018 – Waste Management was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Waste Management is focusing on the core business activities to instill price and cost discipline in order to achieve better margins. The company's successful cost-reduction initiatives have helped it in accomplishing remarkable gross margin expansion and EBITDA growth over the quarters. With strong yield, volume, and cost performance in the third quarter, the company has lifted its guidance for 2017. Waste Management has also outperformed the industry in the last three months. However, stringent government regulations are likely to erode profitability as compliance with such regulations increases operating costs. The pricing environment remains challenging and highly competitive due to aggressive bidding by smaller competitors. The company expects volumes to be down due to lower national counts as it strives for improved margin growth and pricing. Decline in average recycling commodity prices and recycling volumes also remain headwinds.”
  • 1/8/2018 – Waste Management was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $99.00 price target on the stock. According to Zacks, “Waste Management is focusing on the core business activities to instill price and cost discipline in order to achieve better margins. The company's successful cost-reduction initiatives have helped it in accomplishing remarkable gross margin expansion and EBITDA growth over the quarters. Waste Management expects yield momentum to continue in its solid waste lines of business in the forthcoming quarters as well. With strong yield, volume, and cost performance in the third quarter, the company has lifted its guidance for 2017. The company plans to return significant cash to shareholders through healthy dividends and share repurchases in the future to reward them with risk-adjusted returns. Waste Management has also outperformed the industry in the last three months. However, stringent government regulations are likely to erode profitability as compliance with such regulations increases operating costs.”
  • 1/4/2018 – Waste Management had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $100.00 price target on the stock.
  • 1/3/2018 – Waste Management was upgraded by analysts at Macquarie from a “neutral” rating to an “outperform” rating.
  • 12/27/2017 – Waste Management was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Waste Management is executing well on its initiatives to refocus on the core business activities and instill price and cost discipline to achieve better margins. The company's successful cost-reduction initiatives have helped it in accomplishing remarkable gross margin expansion and EBITDA growth over the quarters. With strong yield, volume, and cost performance in the third quarter, the company has lifted its guidance for 2017. Waste Management also outperformed the industry year to date. However, stringent government regulations are likely to erode profitability as compliance with such regulations increases operating costs. The company expects volumes to be down due to lower national counts as it strives for improved margin growth. The pricing environment remains challenging and highly competitive due to aggressive bidding by smaller competitors. Decline in average recycling commodity prices and recycling volumes also remain headwinds.”
  • 12/26/2017 – Waste Management was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $96.00 price target on the stock. According to Zacks, “Waste Management is executing well on its initiatives to refocus on the core business activities and instill price and cost discipline to achieve better margins. The company's successful cost-reduction initiatives have helped it in accomplishing remarkable gross margin expansion and EBITDA growth over the quarters. With strong yield, volume, and cost performance in the third quarter, the company has lifted its guidance for 2017. In the long term, Waste Management plans to return significant cash to shareholders through healthy dividends and share repurchases to boost shareholders' returns. Additionally, Waste Management expects yield momentum to continue in its solid waste lines of business in the forthcoming quarters. Waste Management also outperformed the industry year to date. However, stringent government regulations are likely to erode profitability as compliance with such regulations increases operating costs.”
  • 12/11/2017 – Waste Management was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating. They now have a $95.00 price target on the stock, up previously from $80.00.

Waste Management, Inc. (NYSE:WM) opened at $88.16 on Wednesday. Waste Management, Inc. has a twelve month low of $69.00 and a twelve month high of $88.73. The company has a quick ratio of 0.68, a current ratio of 0.71 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $38,280.00, a P/E ratio of 28.35, a PEG ratio of 2.65 and a beta of 0.75.

Waste Management (NYSE:WM) last issued its earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ 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 analysts’ expectations of $3.71 billion. During the same period in the prior year, the firm posted $0.84 EPS. Waste Management’s quarterly revenue was up 4.7% compared to the same quarter last year. research analysts predict that Waste Management, Inc. will post 3.2 earnings per share for the current year.

In other news, SVP Barry H. Caldwell sold 1,650 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $81.10, for a total value of $133,815.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.19% of the company’s stock.

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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