Barclays Keeps Their Buy Rating on Waste Management (WM)
In a report released today, William Grippin from Barclays maintained a Buy rating on Waste Management, with a price target of $266.00.
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Grippin covers the Industrials sector, focusing on stocks such as Republic Services, Waste Management, and Xylem. According to TipRanks, Grippin has an average return of -17.2% and a 30.00% success rate on recommended stocks.
In addition to Barclays, Waste Management also received a Buy from Wells Fargo’s Jerry Revich in a report issued yesterday. However, on March 30, Scotiabank maintained a Hold rating on Waste Management (NYSE: WM).
Based on Waste Management’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.31 billion and a net profit of $742 million. In comparison, last year the company earned a revenue of $5.89 billion and had a net profit of $598 million
Based on the recent corporate insider activity of 80 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. Last month, John J. Morris, the President & COO of WM sold 4,211.00 shares for a total of $1,024,831.07.
Read More on WM:
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- WM added to Q2 Tactical Ideas List at Wells Fargo
- Waste Management Amends Revolving Credit Agreement Covenants
- Waste Management: Structural Moats, Accelerating Free Cash Flow, and Room for Multiple Expansion Support Buy Rating
- WM price target raised to $273 from $250 at Wells Fargo
- Fastly, Waste Management, Sunrun, American Tower, General Dynamics Insider Shake-Up
