Oppenheimer analyst Noah Kaye maintained a Buy rating on Waste Management (WM – Research Report) today and set a price target of $188.00. The company’s shares closed yesterday at $188.26.
Kaye covers the Industrials sector, focusing on stocks such as EnerSys, Waste Connections, and Carrier Global. According to TipRanks, Kaye has an average return of 12.8% and a 62.30% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Waste Management with a $189.20 average price target, implying a 0.50% upside from current levels. In a report released today, Stifel Nicolaus also maintained a Buy rating on the stock with a $190.00 price target.
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WM market cap is currently $76.07B and has a P/E ratio of 33.28.
Based on the recent corporate insider activity of 52 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 December 2023, John J. Morris, the EVP & Chief Operation Officer of WM sold 8,889.00 shares for a total of $1,538,774.79.
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Waste Management (WM) Company Description:
Headquartered in Texas and founded in 1987, Waste Management, Inc. provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides services that range from collection and disposal to recycling and renewable energy generation.
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