On Wednesday, Waste Management (NYSE:WM) witnessed its first decline in seven days, breaking its winning streak that had lasted since Dec. 20.
The environmental solutions company saw its shares lower by 0.24% to $179.17 per share as of 1333 ET. Over the seven-day rally, the stock had surged approximately 2.19%.
Over the past 12 months, WM shares have gained around 14.08%, with the stock hovering near its all-time highs at its current value.
According to Seeking Alpha’s Quant ratings, Waste Management held a Hold rating with a score of 3.26 out of 5. The company received an A for profitability and a B- for momentum.
In terms of Wall Street recommendations, approximately 11 sell-side analysts surveyed in the last 90 days rated WM as a Buy or higher. Another 11 recommended the company as a Hold, while one analyst issued a Sell rating on the stock.
Seeking Alpha analysts generally viewed the Houston-based company as a Hold. SA Analyst Arbab Shahzeb also endorsed the company as a Hold but noted, “WM is an industry leader in the waste management space and will continue to drive EBITDA growth of mid-high single digits in the near term.”
“However, the stock’s valuation remains high, trading at around 30 times its next twelve months’ earnings, which is above its five-year average P/E ratio of 26.6x,” the analyst added.