Waste Management, Inc. (NYSE: WM) has a price-to-earnings ratio that is above its average at 36.49x. The stock has a 36-month beta value of 0.73. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 3 as “overweight,” 5 as “hold,” and 1 as “sell.”
The public float for WM is 400.62M, and at present, short sellers hold a 1.30% of that float. On April 09, 2024, the average trading volume of WM was 1.70M shares.
WM) stock’s latest price update
Waste Management, Inc. (NYSE: WM)’s stock price has dropped by -0.11 in relation to previous closing price of 206.93. Nevertheless, the company has seen a loss of -2.92% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-08 that Investors interested in stocks from the Waste Removal Services sector have probably already heard of Stericycle (SRCL) and Waste Management (WM). But which of these two companies is the best option for those looking for undervalued stocks?
WM’s Market Performance
Waste Management, Inc. (WM) has experienced a -2.92% fall in stock performance for the past week, with a -0.27% drop in the past month, and a 16.27% rise in the past quarter. The volatility ratio for the week is 1.17%, and the volatility levels for the past 30 days are at 0.97% for WM. The simple moving average for the past 20 days is -1.98% for WM’s stock, with a 17.65% simple moving average for the past 200 days.
Analysts’ Opinion of WM
HSBC Securities, on the other hand, stated in their research note that they expect to see WM reach a price target of $210. The rating they have provided for WM stocks is “Hold” according to the report published on February 15th, 2024.
UBS gave a rating of “Neutral” to WM, setting the target price at $205 in the report published on February 14th of the current year.
WM Trading at 1.92% from the 50-Day Moving Average
After a stumble in the market that brought WM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.65% of loss for the given period.
Volatility was left at 0.97%, however, over the last 30 days, the volatility rate increased by 1.17%, as shares sank -0.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.67% upper at present.
During the last 5 trading sessions, WM fell by -2.92%, which changed the moving average for the period of 200-days by +24.91% in comparison to the 20-day moving average, which settled at $210.83. In addition, Waste Management, Inc. saw 15.41% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WM starting from Fish James C Jr, who sale 36,207 shares at the price of $204.43 back on Mar 01 ’24. After this action, Fish James C Jr now owns 198,345 shares of Waste Management, Inc., valued at $7,401,797 using the latest closing price.
Carrasco Rafael, the SVP of Enterprise Strategy of Waste Management, Inc., sale 840 shares at $204.86 during a trade that took place back on Mar 01 ’24, which means that Carrasco Rafael is holding 14,067 shares at $172,082 based on the most recent closing price.
Stock Fundamentals for WM
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.38 for the gross margin
The net margin for Waste Management, Inc. stands at 0.11. The total capital return value is set at 0.13. Equity return is now at value 33.51, with 7.08 for asset returns.
Based on Waste Management, Inc. (WM), the company’s capital structure generated 0.7 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 2.35. The interest coverage ratio of the stock is 7.15.
Currently, EBITDA for the company is 5.84 billion with net debt to EBITDA at 2.7. When we switch over and look at the enterprise to sales, we see a ratio of 4.84. The receivables turnover for the company is 7.12for trailing twelve months and the total asset turnover is 0.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.90.
Conclusion
To sum up, Waste Management, Inc. (WM) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
