Somewhat Favorable News Coverage Somewhat Unlikely to Affect Waste Management (WM) Stock Price

Media stories about Waste Management (NYSE:WM) have been trending somewhat positive on Monday, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Waste Management earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 46.3296126913827 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:

Several analysts recently weighed in on the company. Zacks Investment Research cut Waste Management from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. Stifel Nicolaus reissued a “buy” rating and set a $100.00 price target on shares of Waste Management in a report on Thursday, January 4th. Macquarie raised Waste Management from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 3rd. Credit Suisse Group raised Waste Management to a “buy” rating and set a $97.00 price target for the company in a report on Saturday. Finally, Raymond James Financial raised Waste Management from a “market perform” rating to an “outperform” rating and set a $95.00 price target for the company in a report on Friday. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $87.60.

Shares of Waste Management (NYSE:WM) traded up $1.13 during midday trading on Monday, reaching $85.15. The company’s stock had a trading volume of 3,360,371 shares, compared to its average volume of 2,414,194. The firm has a market cap of $36,970.00, a PE ratio of 14.73, a PEG ratio of 1.93 and a beta of 0.70. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.80 and a quick ratio of 0.77. Waste Management has a 52-week low of $70.08 and a 52-week high of $89.73.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Thursday, February 15th. The business services provider reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.02. The firm had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.57 billion. Waste Management had a return on equity of 25.48% and a net margin of 13.45%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.75 EPS. equities research analysts expect that Waste Management will post 4.04 earnings per share for the current fiscal year.

Waste Management declared that its Board of Directors has authorized a stock buyback plan on Thursday, December 14th that authorizes the company to repurchase $1.25 billion in shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

In other news, Director Patrick W. Gross sold 387 shares of Waste Management stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $88.30, for a total value of $34,172.10. Following the transaction, the director now owns 30,673 shares in the company, valued at approximately $2,708,425.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Barry H. Caldwell sold 1,650 shares of Waste Management stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $81.10, for a total value of $133,815.00. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.

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About Waste Management

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.

Insider Buying and Selling by Quarter for Waste Management (NYSE:WM)

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