Analyst Price Target Update on Waste Management (NYSE:WM)

Waste Management (NYSE:WM): 7 analysts have set the short term price target of Waste Management (NYSE:WM) at $63.43. The standard deviation of short term price target has been estimated at $2.57, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 67 and $60 respectively.

Many analysts have stated their opinion on the company shares. Oppenheimer initiates coverage on Waste Management (NYSE:WM). The current rating of the shares is Outperform, according to the research report released by the firm. The rating by the firm was issued on May 5, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities,The officer (Sr. VP, Human Resources) of Waste Management Inc, Schwartz Mark E. sold 001 shares at $60.76 on May 20, 2016. The Insider selling transaction had a total value worth of $061. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Waste Management (NYSE:WM) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.06 points or 0.1% at $62.56 with 1,769,868 shares getting traded. Post opening the session at $62.64, the shares hit an intraday low of $62.535 and an intraday high of $62.925 and the price was in this range throughout the day. The company has a market cap of $27,793 million and the number of outstanding shares have been calculated to be 444,261,670 shares. The 52-week high of Waste Management (NYSE:WM) is $62.925 and the 52-week low is $45.86.

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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