The stock of Waste Management, Inc. (NYSE:WM) reached all time high today, Nov, 29 and still has $75.99 target or 8.00% above today’s $70.36 share price. This indicates more upside for the $31.19 billion company. This technical setup was reported by Barchart.com. If the $75.99 PT is reached, the company will be worth $2.50B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 1.72M 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 $336.90M for 23.14 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 firm has “Overweight” rating given on Thursday, October 22 by Barclays Capital. The rating was upgraded by Bank of America to “Buy” on Monday, October 31. The rating was initiated by Macquarie Research on Friday, August 26 with “Neutral”. The stock of Waste Management, Inc. (NYSE:WM) has “Outperform” rating given on Friday, November 6 by Credit Suisse. As per Thursday, December 17, the company rating was initiated by JP Morgan. The rating was upgraded by Stifel Nicolaus to “Buy” on Wednesday, October 21. Imperial Capital maintained Waste Management, Inc. (NYSE:WM) rating on Friday, April 29. Imperial Capital has “In-Line” rating and $62 price target. As per Thursday, October 13, the company rating was downgraded by Wedbush. The company was upgraded on Monday, November 7 by Barclays Capital. As per Friday, April 29, the company rating was maintained by Wedbush.
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 2016 Q2. 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.
X Mngmt Ltd has 1,307 shares for 0% of their US portfolio. First Manhattan accumulated 0% or 200 shares. Vident Inv Advisory Ltd Liability Corporation reported 7,466 shares or 0.07% of all its holdings. Windward Cap Mgmt Com Ca last reported 0.05% of its portfolio in the stock. Exane Derivatives reported 1 shares or 0% of all its holdings. Firstmerit Bank N A Trustee accumulated 0.05% or 9,497 shares. Matrix Asset Inc has 0.05% invested in the company for 3,600 shares. Loring Wolcott Coolidge Fiduciary Advsr Limited Liability Partnership Ma holds 0% of its portfolio in Waste Management, Inc. (NYSE:WM) for 217 shares. Moreover, Louisiana State Employees Retirement System has 0.09% invested in Waste Management, Inc. (NYSE:WM) for 27,100 shares. Lakeview Capital Limited Liability Corporation holds 0.14% of its portfolio in Waste Management, Inc. (NYSE:WM) for 3,600 shares. Comml Bank Of Nova Scotia last reported 0.11% of its portfolio in the stock. Stratos Wealth Prns Limited accumulated 16,370 shares or 0.08% of the stock. Moreover, Plante Moran Advsr Ltd has 0.06% invested in Waste Management, Inc. (NYSE:WM) for 1,340 shares. Wedgewood Investors Incorporated Pa holds 0.62% of its portfolio in Waste Management, Inc. (NYSE:WM) for 9,825 shares. Credit Suisse Ag holds 0.06% of its portfolio in Waste Management, Inc. (NYSE:WM) for 884,184 shares.
Insider Transactions: Since July 15, 2016, the stock had 0 insider buys, and 13 sales for $10.79 million net activity. Schwartz Mark E. sold 70,496 shares worth $4.64 million. 23,798 shares were sold by Harris Jeff M, worth $1.56M. POPE JOHN C sold $30,179 worth of Waste Management, Inc. (NYSE:WM) on Friday, July 15. Fish James C Jr sold 7,400 shares worth $492,790. On Friday, July 29 Carpenter Don P sold $108,051 worth of the stock or 1,634 shares. On Friday, July 15 the insider WEIDEMEYER THOMAS H sold $30,343. Another trade for 482 shares valued at $32,388 was made by GROSS PATRICK W on Friday, July 15.
More important 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 published article titled: “Waste Management Inc. Looks Good For The Long Term”, 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) was released by: Wsj.com and their article: “Waste Management Names James Fish CEO” with publication date: November 11, 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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