CIBC Sticks to Its Buy Rating for Waste Management (WM)
CIBC analyst Kevin Chiang maintained a Buy rating on Waste Management (WM) yesterday and set a price target of $137.00. The company’s shares closed last Monday at $124.23, close to its 52-week high of $125.64.
According to TipRanks.com, Chiang is a 5-star analyst with an average return of 12.3% and a 65.6% success rate. Chiang covers the Services sector, focusing on stocks such as TFI International, Canadian Railway, and Canadian Pacific.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Waste Management with a $126.50 average price target, a 1.2% upside from current levels. In a report issued on February 3, BMO Capital also maintained a Buy rating on the stock with a $132.00 price target.
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The company has a one-year high of $125.64 and a one-year low of $97.55. Currently, Waste Management has an average volume of 1.54M.
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WM in relation to earlier this year.
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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.