Somewhat Favorable News Coverage Somewhat Unlikely to Impact Waste Management (NYSE:WM) Stock Price

News articles about Waste Management (NYSE:WM) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Waste Management earned a news impact score of 0.12 on Accern’s scale. Accern also gave media stories about the business services provider an impact score of 46.0154450190773 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

Waste Management (NYSE:WM) traded down $0.11 during trading hours on Tuesday, hitting $88.16. 1,558,625 shares of the stock traded hands, compared to its average volume of 1,715,450. The company has a market cap of $38,280.00, a P/E ratio of 28.35, a price-to-earnings-growth ratio of 2.65 and a beta of 0.75. Waste Management has a one year low of $69.00 and a one year high of $88.73. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.68 and a current ratio of 0.71.

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 Zacks’ consensus estimate of $0.88 by $0.02. Waste Management had a net margin of 9.66% and a return on equity of 25.61%. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same period in the previous year, the business earned $0.84 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. research analysts forecast that Waste Management will post 3.2 EPS for the current fiscal year.

Waste Management announced that its board has authorized a share buyback program on Thursday, December 14th that allows the company to buyback $1.25 billion in shares. This buyback authorization allows the business services provider to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

A number of equities research analysts have recently weighed in on WM shares. Zacks Investment Research lowered shares of Waste Management from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Stifel Nicolaus upgraded shares of Waste Management from a “hold” rating to a “buy” rating and lifted their price target for the stock from $80.00 to $95.00 in a research report on Monday, December 11th. KeyCorp lifted their price target on shares of Waste Management from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th. Bank of America decreased their price objective on shares of Waste Management from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, October 5th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Waste Management in a research note on Friday, October 13th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $86.78.

In related news, SVP Barry H. Caldwell sold 1,650 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $81.10, for a total transaction of $133,815.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.19% of the company’s stock.

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Waste Management Company Profile

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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