In a report released yesterday, Noah Kaye from Oppenheimer maintained a Buy rating on Waste Management (WM), with a price target of $128.00. The company’s shares closed last Tuesday at $113.92.
According to TipRanks.com, Kaye is a 5-star analyst with an average return of 17.7% and a 64.5% success rate. Kaye covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation, Johnson Controls, and Dana Holding.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Waste Management with a $126.00 average price target.
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Waste Management’s market cap is currently $48.34B and has a P/E ratio of 32.10. The company has a Price to Book ratio of 239.12.
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. Most recently, in November 2020, James Fish, the Pres, Chief Executive Officer of WM sold 24,671 shares for a total of $3,036,507.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Waste Management, Inc. engages in the provision of waste management environmental services. It operates through the following segments: Tier 1, Tier 2 and Tier 3. The Tier 1 segment comprises of areas in the Southern United States. The Tier 2 segment comprises of areas located in the Midwest and Northeast United States. The Tier 3 segment comprises all remaining areas, including the Northwest and Mid-Atlantic regions of the United States and Eastern Canada. The company was founded on September 30, 1987 and is headquartered in Houston, TX.