Analyst Rating Update on Waste Management (WM)

Waste Management (NYSE:WM) : Zacks Investment Research ranks Waste Management (NYSE:WM) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 2.23, which indicates as a Buy.

Waste Management (NYSE:WM) : Average target price received by Waste Management (NYSE:WM) is $64.14 with an expected standard deviation of $2.79. The most aggressive target on the stock is $67, whereas the most downbeat target is $60. 7 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. Also, Oppenheimer initiates coverage on Waste Management (NYSE:WM) . Analysts at the Oppenheimer have a current rating of Outperform on the shares. The rating by the firm was issued on May 5, 2016.

Waste Management (NYSE:WM): stock turned positive on Tuesday. Though the stock opened at $63.75, the bulls momentum made the stock top out at $64.26 level for the day. The stock recorded a low of $63.368 and closed the trading day at $64.2, in the green by 0.86%. The total traded volume for the day was 2,111,544. The stock had closed at $63.65 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Sr. VP, Human Resources) of Waste Management Inc, Schwartz Mark E. had sold 001 shares worth of $061 in a transaction dated May 20, 2016. In this transaction, 001 shares were sold at $60.76 per share.

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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