Waste Management (WM) Receives a Buy from Wells Fargo
Wells Fargo analyst Jerry Revich reiterated a Buy rating on Waste Management yesterday and set a price target of $273.00.
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Revich covers the Industrials sector, focusing on stocks such as Caterpillar, Cummins, and Herc Holdings. According to TipRanks, Revich has an average return of 8.7% and a 56.73% success rate on recommended stocks.
In addition to Wells Fargo, Waste Management also received a Buy from J.P. Morgan’s Tami Zakaria in a report issued on April 10. However, on April 6, CIBC assigned a Hold rating to 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 81 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.
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