The stock price of Waste Management, Inc. (NYSE: WM) has dropped by -1.95 compared to previous close of 212.15. Despite this, the company has seen a fall of -0.36% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-30 that Recently, Zacks.com users have been paying close attention to Waste Management (WM). This makes it worthwhile to examine what the stock has in store.
Is It Worth Investing in Waste Management, Inc. (NYSE: WM) Right Now?
Waste Management, Inc. (NYSE: WM) has a price-to-earnings ratio of 34.01x that is above its average ratio. Additionally, the 36-month beta value for WM is 0.72. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 3 rating it as “overweight,” 5 rating it as “hold,” and 1 rating it as “sell.”
The public float for WM is 400.12M and currently, short sellers hold a 0.94% ratio of that float. The average trading volume of WM on May 01, 2024 was 1.75M shares.
WM’s Market Performance
WM’s stock has seen a -0.36% decrease for the week, with a -2.30% drop in the past month and a 11.18% gain in the past quarter. The volatility ratio for the week is 1.89%, and the volatility levels for the past 30 days are at 1.31% for Waste Management, Inc.. The simple moving average for the past 20 days is 0.04% for WM’s stock, with a 16.36% simple moving average for the past 200 days.
Analysts’ Opinion of WM
Many brokerage firms have already submitted their reports for WM stocks, with RBC Capital Mkts repeating the rating for WM by listing it as a “Sector Perform.” The predicted price for WM in the upcoming period, according to RBC Capital Mkts is $211 based on the research report published on April 08, 2024 of the current year 2024.
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 -0.24% 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 -3.04% of loss for the given period.
Volatility was left at 1.31%, however, over the last 30 days, the volatility rate increased by 1.89%, as shares sank -1.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.22% upper at present.
During the last 5 trading sessions, WM fell by -0.36%, which changed the moving average for the period of 200-days by +23.41% in comparison to the 20-day moving average, which settled at $207.77. In addition, Waste Management, Inc. saw 16.15% 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
- 0.36 for the gross margin
The net margin for Waste Management, Inc. stands at 0.12. The total capital return value is set at 0.13. Equity return is now at value 35.73, with 7.75 for asset returns.
Based on Waste Management, Inc. (WM), the company’s capital structure generated 0.69 points at debt to capital in total, while cash flow to debt ratio is standing at 0.31. The debt to equity ratio resting at 2.27. The interest coverage ratio of the stock is 7.38.
Currently, EBITDA for the company is 5.84 billion with net debt to EBITDA at 2.59. When we switch over and look at the enterprise to sales, we see a ratio of 4.79. The receivables turnover for the company is 7.71for trailing twelve months and the total asset turnover is 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.89.
Conclusion
In conclusion, Waste Management, Inc. (WM) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
