With 1.76 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.81 million shares. The 52-week range on WM shows that it touched its highest point at $239.32 and its lowest point at $196.59 during that stretch. It currently has a 1-year price target of $250.50. With its current market cap of 91.76 billion, WM has annualized dividend of $3.08 while the current yield stands at 1.35%. Beta for the stock currently stands at 0.64.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WM was down-trending over the past week, with a drop of -2.19%, but this was down by -1.49% over a month. Three-month performance surged to 0.18% while six-month performance rose 1.97%. The stock gained 8.16% in the past year, while it has gained 13.00% so far this year. A look at the trailing 12-month EPS for WM yields 6.63 with Next year EPS estimates of 8.60. For the next quarter, that number is 1.90. This implies an EPS growth rate of 5.69% for this year and 12.61% for next year. EPS is expected to grow by 9.85% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 11.75%.
Float and Shares Shorts:
At present, 402.37 million WM shares are outstanding with a float of 401.47 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WM since 10 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $7.39927 being high and $7.24929 being low. For WM, this leads to a yearly average estimate of $7.30928.
