BB&T Analysts Begin Coverage on Waste Management (WM)
Equities research analysts at BB&T (NYSE: BBT) started coverage on shares of Waste Management (NYSE: WM) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Waste Management in a research note to investors on Tuesday. They now have a $34.00 price target on the stock. Finally, analysts at JPMorgan Chase (NYSE: JPM) cut their EPS estimates on shares of Waste Management in a research note on Friday. They now have a “neutral” rating and a $35.00 price target on the stock.
Waste Management traded down 0.75% on Wednesday, hitting $32.90. Waste Management has a 52-week low of $27.75 and a 52-week high of $38.94. The company has a market cap of $15.230 billion and a price-to-earnings ratio of 16.38.
Waste Management last posted its quarterly earnings results on Thursday, April 26th. The company reported $0.38 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.41 by $0.03. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts predict that Waste Management will post $0.64 earnings per share next quarter.
Waste Management, Inc. (WMI) is a provider of integrated waste services in North America. Through its subsidiaries, the Company provides collection, transfer, recycling, disposal and waste-to-energy services.