NEW YORK (

TheStreet

) --

Waste Management

(NYSE:

WM

) hit a new 52-week high Monday as it is currently trading at $38.62, above its previous 52-week high of $38.58 with 2.1 million shares traded as of 2:17 p.m. ET. Average volume has been 2.5 million shares over the past 30 days.

Waste Management has a market cap of $18.2 billion and is part of the

industrial goods

sector and

materials & construction

industry. Shares are up 1.4% year to date as of the close of trading on Thursday.

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Waste Management, Inc. provides integrated waste management services in North America. The company offers collection, transfer, recycling, disposal, and waste-to-energy services. The company has a P/E ratio of 19.4, equal to the average materials & construction industry P/E ratio and above the S&P 500 P/E ratio of 16.7.

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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, expanding profit margins, increase in stock price during the past year and notable return on equity. 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

.

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