Waste Management (WM) was Upgraded by KeyBanc Capital Mkts to ” Overweight”. Earlier the firm had a rating of “Sector Weight ” on the company shares. KeyBanc Capital Mkts advised their investors in a research report released on Aug 9, 2016.
Many Wall Street Analysts have commented on Waste Management. Company shares were Reiterated by Imperial Capital on Jul 29, 2016 to “In-line”, Firm has raised the Price Target to $ 71 from a previous price target of $62 .Company shares were Reiterated by Stifel on Jul 18, 2016 to “Buy”, Firm has raised the Price Target to $ 75 from a previous price target of $70 .
On the company’s financial health, Waste Management reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.71. The company had revenue of $3425.00 million for the quarter, compared to analysts expectations of $3403.58 million. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.
Waste Management closed down -0.46 points or -0.70% at $65.51 with 16,53,261 shares getting traded on Monday. Post opening the session at $65.98, the shares hit an intraday low of $65.5 and an intraday high of $66.18 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Aug 8, 2016, Mark E. Schwartz (Sr. VP, Human Resources) sold 70,496 shares at $65.89 per share price. According to the SEC, on Aug 4, 2016, James E Jr Trevathan (Executive Vice President) sold 1 shares at $66.11 per share price. On Aug 1, 2016, Don P Carpenter (VP & Chief Acctg Officer) sold 1,634 shares at $66.12 per share price, according to the Form-4 filing with the securities and exchange commission.
Waste Management Inc. is a holding company. The Company through its subsidiaries provides waste management environmental services. The Company’s 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 Company’s 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.