Waste Management Reaches New 52-Week High (WM)

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.

NEW YORK ( TheStreet) -- Waste Management (NYSE: WM) hit a new 52-week high Wednesday as it is currently trading at $39.66, above its previous 52-week high of $39.49 with 479,059 shares traded as of 9:56 a.m. ET. Average volume has been 2.7 million shares over the past 30 days.

Waste Management has a market cap of $17.95 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 14.7% year to date as of the close of trading on Tuesday.

Waste Management, Inc. provides waste management services to residential, commercial, industrial, and municipal customers in North America. It offers collection, transfer, recycling and resource recovery, and disposal services. The company has a P/E ratio of 21.9, above the S&P 500 P/E ratio of 17.7.

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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, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Waste Management Ratings Report.

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