RBC Capital analyst Sabahat Khan initiated coverage with a Hold rating on Waste Management (WM – Research Report) yesterday and set a price target of $215.00. The company’s shares closed yesterday at $212.70.
According to TipRanks, Khan is a 4-star analyst with an average return of 6.0% and a 52.74% success rate. Khan covers the Consumer Cyclical sector, focusing on stocks such as Polaris, Boyd Group Services, and Gildan Activewear.
In addition to RBC Capital, Waste Management also received a Hold from Scotiabank’s Michael Doumet in a report issued yesterday. However, on the same day, Oppenheimer maintained a Buy rating on Waste Management (NYSE: WM).
The company has a one-year high of $214.54 and a one-year low of $148.56. Currently, Waste Management has an average volume of 1.72M.
Based on the recent corporate insider activity of 93 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 February 2024, John J. Morris, the EVP & Chief Operation Officer of WM sold 8,889.00 shares for a total of $1,844,023.05.
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 (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.
