Waste Management Inc (WM): Today's Featured Materials & Construction Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Waste Management (WM) pushed the Materials & Construction industry lower today making it today's featured Materials & Construction laggard. The industry as a whole closed the day up 0.8%. By the end of trading, Waste Management fell $1.25 (-3.7%) to $32.69 on heavy volume. Throughout the day, 7.6 million shares of Waste Management exchanged hands as compared to its average daily volume of 4.1 million shares. The stock ranged in price between $32.65-$33.55 after having opened the day at $33.47 as compared to the previous trading day's close of $33.94. Other companies within the Materials & Construction industry that declined today were: Real Goods Solar (RSOL), down 9.7%, Sharps Compliance Corporation (SMED), down 5.5%, Aegion (AEGN), down 2.7%, and PGT (PGTI), down 2.4%.

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Waste Management, Inc., through its subsidiaries, provides waste management services to residential, commercial, industrial, and municipal customers in North America. It offers collection, transfer, recycling, and disposal services. Waste Management has a market cap of $15.73 billion and is part of the industrial goods sector. The company has a P/E ratio of 17.3, above the average materials & construction industry P/E ratio of 17.1 and below the S&P 500 P/E ratio of 17.7. Shares are up 3.8% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate Waste Management a buy, two analysts rate it a sell, and six rate it a hold.

TheStreet Ratings rates Waste Management as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

• You can view the full Waste Management Ratings Report.

On the positive front, MagneGas Corporation (MNGA), up 9.4%, China Advanced Construction Materials Group (CADC), up 7.3%, Beazer Homes USA (BZH), up 6.2%, and Ryland Group (RYL), up 5.7%, were all gainers within the materials & construction industry with Lennar Corporation (LEN) being today's featured materials & construction industry leader.

• Use our materials & construction section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the materials & construction industry could consider SPDR S&P Homebuilders ETF (XHB) while those bearish on the materials & construction industry could consider ProShares Short Basic Materials Fd (SBM).

• Find other investment ideas from our top rated ETFs lists.

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For more information on Waste Management Inc click any of the following:

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• Waste Management Inc Income Statement