The stock of Waste Management, Inc. (NYSE:WM) hit a new 52-week high and has $73.10 target or 4.00% above today’s $70.29 share price. The 8 months bullish chart indicates low risk for the $31.16 billion company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $73.10 price target is reached, the company will be worth $1.25 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.21M shares traded hands. Waste Management, Inc. (NYSE:WM) has risen 24.23% since April 26, 2016 and is uptrending. It has outperformed by 18.98% the S&P500.
Analysts await Waste Management, Inc. (NYSE:WM) to report earnings on February, 16. They expect $0.76 earnings per share, up 7.04% or $0.05 from last year’s $0.71 per share. WM’s profit will be $336.91M for 23.12 P/E if the $0.76 EPS becomes a reality. After $0.84 actual earnings per share reported by Waste Management, Inc. for the previous quarter, Wall Street now forecasts -9.52% negative EPS growth.
Waste Management, Inc. (NYSE:WM) Ratings Coverage
Out of 12 analysts covering Waste Management Inc. (NYSE:WM), 6 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 50% are positive. Waste Management Inc. has been the topic of 21 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Waste Management, Inc. (NYSE:WM) has “Neutral” rating given on Monday, April 25 by Bank of America. As per Wednesday, October 21, the company rating was upgraded by Stifel Nicolaus. The stock of Waste Management, Inc. (NYSE:WM) has “Overweight” rating given on Thursday, October 22 by Barclays Capital. As per Friday, February 19, the company rating was maintained by Imperial Capital. Sterne Agee CRT initiated the stock with “Neutral” rating in Tuesday, March 22 report. Imperial Capital maintained it with “In-Line” rating and $58 target price in Thursday, October 29 report. Wedbush maintained the shares of WM in a report on Friday, April 29 with “Outperform” rating. Imperial Capital maintained Waste Management, Inc. (NYSE:WM) on Friday, April 29 with “In-Line” rating. Argus Research maintained Waste Management, Inc. (NYSE:WM) on Thursday, November 5 with “Buy” rating. The company was initiated on Thursday, December 17 by JP Morgan.
According to Zacks Investment Research, “Waste Management Inc. provides integrated waste management services in North America and internationally. In North America, the company provides solid waste management services including collection, transfer, recycling and resource recovery services, and disposal services. Included in its international operations is the collection and transportation of solid, hazardous and medical wastes and recyclable materials and the treatment and disposal of recyclable materials.”
Insitutional Activity: The institutional sentiment increased to 1.19 in Q2 2016. Its up 0.06, from 1.13 in 2016Q1. The ratio is positive, as 42 funds sold all Waste Management, Inc. shares owned while 276 reduced positions. 71 funds bought stakes while 287 increased positions. They now own 327.80 million shares or 3.03% less from 338.05 million shares in 2016Q1.
Security Commerce accumulated 0.04% or 1,600 shares. Orleans Cap Mgmt La last reported 39,314 shares in the company. Cwm Ltd Co has invested 0.33% of its portfolio in Waste Management, Inc. (NYSE:WM). State Treasurer State Of Michigan has 143,518 shares for 0.07% of their US portfolio. St James Inv Co Limited Liability holds 8,951 shares or 0.08% of its portfolio. Advsr Asset Mngmt has 11,300 shares for 0.01% of their US portfolio. Wfg Advsr Limited Partnership has invested 0.19% of its portfolio in Waste Management, Inc. (NYSE:WM). Thompson Siegel And Walmsley Limited Liability Corporation last reported 0% of its portfolio in the stock. The Pennsylvania-based Pnc Finance Group Inc has invested 0.06% in Waste Management, Inc. (NYSE:WM). Telos Mgmt Incorporated has 0.75% invested in the company for 23,059 shares. Hanseatic, a New Mexico-based fund reported 23,360 shares. Chicago Equity Prtn Llc has 0.15% invested in the company for 79,595 shares. Blackrock Institutional Trust Company Na holds 0.13% or 12.29M shares in its portfolio. Baring Asset Mgmt has 0.02% invested in the company for 4,079 shares. Moreover, Outfitter Advsr Ltd has 0.53% invested in Waste Management, Inc. (NYSE:WM) for 18,660 shares.
Insider Transactions: Since July 15, 2016, the stock had 0 buys, and 13 sales for $10.79 million net activity. GROSS PATRICK W had sold 482 shares worth $32,388. The insider POPE JOHN C sold 449 shares worth $30,179. The insider WEIDEMEYER THOMAS H sold $30,343. Shares for $30,178 were sold by CLARK FRANK M on Friday, July 15. Bhasin Puneet had sold 11,236 shares worth $739,493. On Friday, July 15 REUM W ROBERT sold $52,107 worth of the stock or 771 shares. Fish James C Jr had sold 7,400 shares worth $492,790.
More notable recent Waste Management, Inc. (NYSE:WM) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Waste Management, Herman Miller and Exponent” on November 28, 2016, also Seekingalpha.com with their article: “Waste Management Inc. Looks Good For The Long Term” published on November 28, 2016, Fool.com published: “More Trash Equals More Cash for Waste Management, Inc.” on November 04, 2016. More interesting news about Waste Management, Inc. (NYSE:WM) were released by: Wsj.com and their article: “Waste Management Names James Fish CEO” published on November 11, 2016 as well as Prnewswire.com‘s news article titled: “Empire Diversified Energy Announces Master Services Agreement with Waste …” with publication date: November 16, 2016.
WM Company Profile
Waste Management, Inc., incorporated on April 28, 1995, is a holding company. The Firm provides waste management environmental services. The Company’s divisions include Solid Waste, which includes its 17 Areas aggregated into three tiers, and Other. The Company’s Solid Waste business is operated and managed locally by its subsidiaries that focuses on geographic areas and provides collection, transfer, recycling and resource recovery, and disposal services. Through its subsidiaries, it also develops, operates and owns landfill gas-to-energy facilities in the United States. It owns or operates approximately 250 landfill sites, which is the network of landfills in North America. It also uses waste to create energy, recovering the gas produced naturally as waste decomposes in landfills and using the gas in generators to make electricity. The Company, as a recycler in North America, handles materials that include paper, cardboard, glass, plastic and metal. It provides recycling programs for municipalities, businesses and households across the United States and Canada, as well as other services. It owns or operates approximately 300 transfer stations in North America.
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