Waste Management Inc. (NYSE: WM) has reported earnings for its third fiscal quarter (ending September 30) of $1.89 versus $1.64 for the same period a year ago — an increase of 15%. For the latest four quarters through September 30, E.P.S. were $6.58 versus $5.68 for the same period a year ago — an increase of 16%.
Recent Price Action
Waste Management Inc. (NYSE: WM) stock closed at $208.26 on 10/28/24 after a modest gain of 0.7%. Moreover, this advance was accompanied by unusually high trading volume at 165% of normal. The stock has declined -2.1% during the last week and has performed in line with 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 D (Negative). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Waste Management has a poor Appreciation Score of 19 but a slightly positive Power Rating of 62, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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