Waste Management (NYSE:WM) Earning Somewhat Favorable News Coverage, Analysis Shows

News articles about Waste Management (NYSE:WM) have been trending somewhat positive on Friday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Waste Management earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 46.5305589315053 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

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

Shares of Waste Management (NYSE WM) opened at 81.31 on Friday. The stock has a market capitalization of $35.78 billion, a P/E ratio of 27.85 and a beta of 0.74. Waste Management has a 12 month low of $63.19 and a 12 month high of $81.43. The firm’s 50-day moving average price is $77.59 and its 200-day moving average price is $74.82.

Waste Management (NYSE:WM) last released its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.88 by $0.02. Waste Management had a net margin of 9.18% and a return on equity of 25.07%. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same period in the prior year, the business earned $0.84 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. On average, equities research analysts forecast that Waste Management will post $3.19 EPS for the current year.

Several research firms have issued reports on WM. KeyCorp boosted their price target on Waste Management from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Zacks Investment Research lowered Waste Management from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. BMO Capital Markets reaffirmed a “buy” rating and issued a $82.00 price objective on shares of Waste Management in a research note on Friday, September 8th. Stifel Nicolaus lowered Waste Management from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $85.00 to $80.00 in a research note on Wednesday, October 4th. Finally, Bank of America Corporation dropped their price objective on Waste Management from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Waste Management has a consensus rating of “Hold” and a consensus price target of $78.74.

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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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