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Market Update (NYSE:WM): Waste Management Named to CR Magazine’s 100 Best Corporate Citizens List

[Business Wire] – Waste Management has again been named to Corporate Responsibility Magazine’s list of the 100 Best Corporate Citizens, which ranks public companies based on outstanding corporate responsibility performance. Read more on this. Waste Management, Inc. (WM) , with a current value of $25.05B, began trading this morning at $56.20. Looking at today’s trading action, the company’s one day range from $56.05 to $56.37 and has traded between $45.86 and $59.99 over the past 12 months. WM shares are currently priced at 20.28x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.33x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.64 per share annually in dividends, yielding 2.91%. According to a consensus of 10 analysts, the earnings estimate of $0.55 per share would be $0.06 better than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $2.78, which would be a $0.17 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.08 Billion. If realized, that would be a 1.32% increase over the year-ago quarter. In terms of ratings, Sterne Agee CRT Initiated WM at Neutral (Mar 22, 2016). Previously, JP Morgan Initiated WM at to Neutral. Given all the information above, we should disclose to readers that the average price target is $59.44, which is 5.77% above than it opened this morning. See more in (NYSE:WM) Similar Articles: Stock Update: Waste Management Inc (NYSE:WM) – Waste Management Announces Fourth Quarter and Full-Year 2015 Earnings Market Update (NYSE:WM): Waste Management Inc. of Florida Completes Acquisition of Southern Waste Systems/Sun Recycling Market Update (NYSE:WM): Waste Management Hosts Sixth Annual Executive Sustainability Forum
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