Waste Management (WM) Receives ‘Analyst’ Rating

Waste Management (WM) : 4 brokerage houses believe that Waste Management (WM) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Waste Management (WM). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 10 Wall Street Analysts endorse the stock as a Buy with a rating of 2.2.

Waste Management (WM) : The highest level Waste Management (WM) is projected to reach is $75 for the short term and the lowest estimate is at $70. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $72.14 and the possibility the share price can swing is $1.95.


Also, Macquarie initiates coverage on Waste Management (NYSE:WM). In the latest research report, Macquarie announces the target price to $69 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on August 25, 2016.

Waste Management (NYSE:WM): After opening at $62.58, the stock dipped to an intraday low of $62.45 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $63.14 and the buying power remained strong till the end. The stock closed at $62.83 for the day, a gain of 0.29% for the day session. The total traded volume was 2,722,168. The stocks close on the previous trading day was $62.65.

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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