WM stock: buy or sell?
October 18th, 2019
Waste Management, Inc., through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America.
Should I buy WM stock?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. That's why is so important to choose your own trading plan that fits your character as inversor. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, Waste Management stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Waste Management stock a buy?
Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we detected 12 ratings published for WM stock in the last month. The general sentiment of these ratings is bullish for WM stock, with 7 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-7||JPMorgan Chase & Co.||n/a||Neutral|
|2019-6-3||Royal Bank of Canada||Sector Perform||Outperform|
|2019-5-1||Royal Bank of Canada||n/a||Sector Perform|
WM stock analysis
Shares of Waste Management ended on Oct 18th at $117.05 and inched a slightly fine 0.66%.
Shares of Waste Management closed on Oct 18th at $117.05 and inched a slightly fine 0.66%. On Thursday WM price bounced up over the SMA of 100 days demonstrating to be a significant support for this stock. On September, WM hit a new all time high, pushing higher than on September tops. Check different trading setups that use ATHs as triggers.
Waste Management ended this week at $117.05 and appreciated a slightly fine 0.61%. Early September WM collapsed a frightening -6.59% in just one week.
The downtrend marked by WM has left successive declining peaks and bottoms. If the support holds the price, this might mark a double bottom pattern and create a flat-base to reverse this downtrend. Not so far away is the last all-time high Waste Management marked early September. Late October 2018 WM price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Late December 2018, SMA10w and SMA20w crossed up triggering a rise of 34.96%.
WM stock price history
WM stock went public on June 22nd, 1988 with a price of $0.001. Since then, WM stock surged a inf%, with an average of inf% per year. If you had invested $1,000 in WM stock in 1988, it would worth $inf today.
1: Adjusted price after possible price splits or reverse-splits.
WM stock historical price chart
WM stock reached all-time highs on September with a price of $121.77.
WM stock price target is $118.60Nobody can reliably foresee how stock prices may evolve in the future. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We detected 8 price predictions for Waste Management stock published in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-7||JPMorgan Chase & Co.||Initiates||n/a||$120.00||-|
|2019-7-8||Stifel Nicolaus||Raises Target||$120.00||$125.00||4.2%|
|2019-6-3||Royal Bank of Canada||Upgrades||$113.00||$125.00||10.6%|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn February, Waste Management reported its latest financial data, posting a slightly good climb for the Earnings per Share (EPS) ratio. Experts expected $1.07 per share, but Waste Management posted $1.13.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Waste Management annual sales raised a slightly fine 2.96% to $14,914.00 million USD from $14,485.00 marked in 2017. In contrary, its earnings margin (compared to revenues) remained constant to 12.91%, that is $1,925.00 million.
|2013||$13,990 M||-||$98 M0.7%||-|
|2014||$13,996 M||0.04%||$1,298 M9.3%||1,224.49%|
|2015||$12,961 M||-7.39%||$753 M5.8%||-41.99%|
|2016||$13,609 M||5.00%||$1,182 M8.7%||56.97%|
|2017||$14,485 M||6.44%||$1,949 M13.5%||64.89%|
|2018||$14,914 M||2.96%||$1,925 M12.9%||-1.23%|
Quarterly financial resultsWaste Management posted $3,842.00 M in sales for 2018-Q4, a 0.52% up compared to previous quarter. Reported quarter income marked $531.00 M with a profit margin of 13.82%. Profit margin stayed stable a 0.76% compared to previous quarter when profit margin was 13.06%. When comparing revenues to same quarter last year, Waste Management sales marked a decent gain and escalated a 5.20%. Looking back to recent quarterly results, Waste Management posted 3 negative quarters in a row.
|2017-Q2||$3,680 M||-||$362 M9.8%||-|
|2017-Q3||$3,720 M||1.09%||$386 M10.4%||6.63%|
|2017-Q4||$3,652 M||-1.83%||$903 M24.7%||133.94%|
|2018-Q1||$3,511 M||-3.86%||$396 M11.3%||-56.15%|
|2018-Q2||$3,739 M||6.49%||$499 M13.3%||26.01%|
|2018-Q3||$3,822 M||2.22%||$499 M13.1%||0.00%|
|2018-Q4||$3,842 M||0.52%||$531 M13.8%||6.41%|
|2019-Q1||$3,696 M||-3.80%||$347 M9.4%||-34.65%|
Waste Management ownershipWhen you are planning to buy a stock, it's worth to have a look its ownership structure.
Waste Management shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.34% of all shares.
Bearish positions for WM stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Waste Management:
|Market cap||$49.7 B||$4.4 B||$2.0 B||$1.4 B||$52.3 M|
|Total shares||424.2 M||55.9 M||46.6 M||22.1 M||12.1 M|
|Float shares||422.9 M||47.8 M||41.8 M||21.9 M||11.3 M|
|- Institutional holdings (%)||81.5%||94.6%||83.7%||85.9%||44.3%|
|- Insider holdings (%)||0.3%||8.1%||4.5%||1.0%||6.3%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, October 18th, 2019|
|Day range||$114.61 - $117.28|
|Average true range||$1.77|
|50d mov avg||$116.17|
|100d mov avg||$115.64|
|200d mov avg||$107.80|
Waste Management performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We chose Clean Harbors, Casella Waste Systems, US Ecology, Perma-Fix Environmental Services, Republic Services, Stericycle and Waste Connections as the bechmarking frame for Waste Management stock.
|CWSTCasella Waste Sys...||4.10%||24.55%||38.42%|
Waste Management competitorsWe picked a few stocks to conform a list of Waste Management competitors to watch if you are interested in investing in WM:
- Clean Harbors (CLH)
- Casella Waste Systems (CWST)
- US Ecology (ECOL)
- Perma-Fix Environmental Services (PESI)
- Republic Services (RSG)
- Stericycle (SRCL)
- Waste Connections (WCN)
Latest WM stock news
- Seeking AlphaWaste Management: A Buy With Newly Announced AcquisitionApril 24, 2019
- InvestorPlaceWaste Management News: WM Stock Pops on $3 Billion Advanced Disposal DealApril 15, 2019
- InvestorPlaceWaste Management News: Why WM Stock Is Taking a Hit TodayApril 11, 2019
- Seeking AlphaWaste Management: Trash TalkFebruary 6, 2019
- Seeking AlphaWaste Management: Bottom Line Expansion In SightJanuary 15, 2019