RBC Capital Sticks to Its Hold Rating for Waste Management (WM)
In a report released on April 15, Sabahat Khan from RBC Capital maintained a Hold rating on Waste Management, with a price target of $235.00. The company’s shares closed yesterday at $224.93.
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According to TipRanks, Khan is a 4-star analyst with an average return of 7.5% and a 51.70% success rate. Khan covers the Industrials sector, focusing on stocks such as Republic Services, Waste Connections, and Waste Management.
In addition to RBC Capital, Waste Management also received a Hold from BMO Capital’s Devin Dodge in a report issued yesterday. However, on the same day, Robert W. Baird maintained a Buy 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 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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