Waste Management, Inc. (WM): When The Market Gets It Wrong

The stock of Waste Management, Inc. (NYSE:WM) has been Resumed to Outperform by Macquarie in its latest research note that was published on September 03. WM was given a price target of $130, with other Wall Street analysts also giving their reports regarding the stock. JP Morgan, analysts launched coverage of WM stock with a Neutral rating, according to their flash note to investors on August 07. Analysts at Oppenheimer downgraded the stock to a Perform call from its previous Outperform stance, in a research note that dated back to July 18.

Waste Management, Inc., which has current market capitalization of above $48 Billion, published its last quarter earnings on June 30, 2019.

On September 09, 2019 Hmmer Tara J., Sr VP, Operations sold 4739 shares of the company. The average price for that transaction was $118.04 per share, which meant that Hmmer Tara J. earned $559391.6 selling the stocks. The sale was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with Sr. VP-Chief Customer Officer, Watson Michael J. selling 8019 shares of this stock on September 03, 2019. The average selling price for the stock was $119.4 per share, with the sold stock accruing $957468.6. Following this transaction, the Sr. VP-Chief Customer Officer Watson Michael J. now holds 22876 shares of the company, which is worth around $2567145.

Waste has around 2 Trillion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $3 Trillion. The Waste stock is bringing in revenue of over 12 months, which is roughly 2 Trillion. Despite all that, Waste Management, Inc. is seeing things progressing very much as their y-o-y quarterly revenue surged by 5.40%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 18.24%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 18.24%. Over the past 20 days, Waste’s Stochastic %K stood at 14.77% while its Stochastic %D was revealed to be 24.3%.