A statement released today by Wedbush about Waste Mgmt (NYSE:WM) drops the target price to $68.00
- Updated: October 12, 2016
Having a price of $62.82, Waste Mgmt (NYSE:WM) traded 0.62% higher on the day. With the last close up 0.05% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. The company has recorded a 50-day moving average of $63.51 and a 200-day moving average of $62.79. 1,826,341 shares of the stock were exchanged, down from an avg. volume of 2,121,680
In a statement issued on 10/13/2016 Wedbush dropped the price target of Waste Mgmt (NYSE:WM) from $73.00 to $68.00 reporting a potential upside of 0.08%.
On 09/27/2016, Zacks Investment Research released a statement about Waste Mgmt (NYSE:WM) upped the target price from $0.00 to $71.00 that suggested an upside of 0.11%.
Recent Performance Chart
Waste Mgmt has P/E ratio of 24.55 with a 52 week low of $50.36 and a 52 week high of $70.50 and has a market cap of $0.
In addition to Wedbush reporting its target price, a total of 11 firms have reported on the stock. The consensus target price is $62.73 with 3 firms rating the stock a strong buy, 3 firms rating the stock a buy, 8 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Waste Mgmt (NYSE:WM)
Waste Management, Inc. is a holding company. The Company provides waste management environmental services. The Company's segments include Solid Waste, which includes its 17 Areas aggregated into three tiers, and Other. The Company's Solid Waste business is operated and managed locally by its subsidiaries that focuses on geographic areas and provides collection, transfer, recycling and resource recovery, and disposal services. Through its subsidiaries, it also develops, operates and owns landfill gas-to-energy facilities in the United States. It owns or operates approximately 250 landfill sites, which is the network of landfills in North America. It also uses waste to create energy, recovering the gas produced naturally as waste decomposes in landfills and using the gas in generators to make electricity. The Company, as a recycler in North America, handles materials that include paper, cardboard, glass, plastic and metal.
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