Essential Fundamentals to Consider Before Investing in Waste Management Stocks

By Harris Dyer • Wednesday, October 29 10:06 • Permanent Link

Large-cap Utilities company Waste Management has moved -0.5% so far today on a volume of 404,649, compared to its average of 1,618,548. In contrast, the S&P 500 index moved 0.0%.

Waste Management trades -17.59% away from its average analyst target price of $246.55 per share. The 22 analysts following the stock have set target prices ranging from $198.0 to $270.0, and on average have given Waste Management a rating of buy.

Anyone interested in buying WM should be aware of the facts below:

Waste Management's current price is 262.9% above its Graham number of $55.99, which implies that at its current valuation it does not offer a margin of safety
Waste Management has moved -4.9% over the last year, and the S&P 500 logged a change of 18.5%
Based on its trailing earnings per share of 6.35, Waste Management has a trailing 12 month Price to Earnings (P/E) ratio of 32.0 while the S&P 500 average is 29.3
WM has a forward P/E ratio of 25.2 based on its forward 12 month price to earnings (EPS) of $8.07 per share
Its Price to Book (P/B) ratio is 8.6 compared to its sector average of 2.36
Waste Management, Inc., through its subsidiaries, provides environmental solutions to residential, commercial, industrial, and municipal customers in the United States, Canada, Western Europe, and internationally.
Based in Houston, the company has 61,700 full time employees and a market cap of $81.84 Billion. Waste Management currently returns an annual dividend yield of 1.6%.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.