Waste Management (WM) : Analyst Rating Update

Waste Management (WM) : 13 analysts are covering Waste Management (WM) and their average rating on the stock is 2.23, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Waste Management (WM) stock is expected to deviate a maximum of $2.79 from the average target price of $64.14 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $67 and the most muted being $60.

Waste Management (NYSE:WM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $67.15 and $66.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $67.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $67.21, notching a gain of 0.21% for the day. The total traded volume was 2,866,453 . The stock had closed at $67.07 on the previous day.

Also, Oppenheimer initiates coverage on Waste Management (NYSE:WM). The shares have now been rated Outperform by the stock experts at the ratings house. The rating by the firm was issued on May 5, 2016. The company shares have rallied 43.28% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $70.50 and the one year low was seen on Jul 8, 2015. The 50-Day Moving Average price is $62.53 and the 200 Day Moving Average price is recorded at $57.75.

Waste Management, Inc. is a holding company. The Company, through its subsidiaries, provides waste management environmental services. The Companys Solid Waste business is operated and managed locally by its subsidiaries that focus on geographic areas and provides collection, transfer, recycling and resource recovery, and disposal services. The Company develops, operates and owns landfill gas-to-energy facilities in the United States. The Companys segments include Tier 1, which comprises areas in the Southern United States; Tier 2, which comprises areas located in the Midwest and Northeast United States, and Tier 3, which encompasses the remaining areas, including the Northwest and Mid-Atlantic regions of the United States and Eastern Canada. The Company owns or operates 252 landfill sites. It manages 298 transfer stations that consolidate, compact and transport waste.

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