CIBC analyst Kevin Chiang maintained a Hold rating on Waste Management (WM – Research Report) today and set a price target of $220.00. The company’s shares opened today at $210.76.
According to TipRanks, Chiang is a 4-star analyst with an average return of 3.9% and a 55.01% success rate. Chiang covers the Industrials sector, focusing on stocks such as Canadian Pacific Kansas City, Canadian National Railway, and Waste Management.
Waste Management has an analyst consensus of Moderate Buy, with a price target consensus of $219.26, implying a 4.03% upside from current levels. In a report released on April 26, Scotiabank also assigned a Hold rating to the stock with a $220.00 price target.
Based on Waste Management’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.22 billion and a net profit of $493 million. In comparison, last year the company earned a revenue of $4.94 billion and had a net profit of $498 million
Based on the recent corporate insider activity of 92 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.
