In a report issued on February 15, Patrick Brown from Raymond James reiterated a Buy rating on Waste Management (WM), with a price target of $107. The company’s shares opened today at $99.23, close to its 52-week high of $100.16.
According to TipRanks.com, Brown is a top 100 analyst with an average return of 15.6% and a 75.6% success rate. Brown covers the Services sector, focusing on stocks such as Kansas City Southern, Genesee & Wyoming, and XPO Logistics.
Currently, the analyst consensus on Waste Management is a Strong Buy with an average price target of $103.67, representing a 4.5% upside. In a report issued on February 15, Oppenheimer also assigned a Buy rating to the stock with a $108 price target.
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Waste Management’s market cap is currently $42.01B and has a P/E ratio of 22.22. The company has a Price to Book ratio of 6.69.
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Waste Management, Inc. is engaged in provision of waste management environmental services. It operates through the following business segments: Tier 1. Tier 2 and Tier 3. The Tier 1 segment comprises exclusively of areas in the Southern United States. The Tier 2 segment comprises predominately of areas located in the Midwest and Northeast United States.
