Waste Management Inc. (NYSE: WM) has reported earnings for its first fiscal quarter (ending March 31) of $1.76 versus $1.31 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $6.15 versus $5.50 for the same period a year ago.
Recent Price Action
Waste Management Inc. (NYSE: WM) stock closed at $210.43 on 4/24/24 after a modest gain of 0.8%. NORMAL trading volume accompanied the advance. The stock has risen 2.7% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
WM is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Waste Management has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Waste Management has a very low Appreciation Score of 14 but a very high Power Rating of 88, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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