The leading market experts have placed a mean price target of $71.50 on Waste Management, Inc. (NYSE:WM) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.74 a share for the upcoming quarter and $2.85 for the current fiscal.
The technical analysis of Waste Management, Inc. Common S plainly substantiates that the 50-day moving average of Waste Management, Inc. Common S is $66.37, and stock is trading $-1.93 points away or -2.91% from its 50-day moving average of $66.37. Further it is trading $3.17 or +5.17% away its 200-day moving average of $61.27. Waste Management, Inc. (NYSE:WM) 52-week high is $70.50 and the 52-week low is $48.90.
This explains if the stock moves $-6.06, it will post a 52-week high. In event of +31.78% decline, a 52-week low will be hit.
Taking the valuation aspect to emphasize the valuation of Waste Management, Inc. Common S, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Waste Management, Inc. (NYSE:WM) ratio came in at 25.18.
The stock last ended the trading session at $64.44 and registered a market cap of $28.50B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Waste Management, Inc. (NYSE:WM) PEG ratio is at 2.39.
1 Chart Pattern Every Investor Should Know
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