J.P. Morgan Sticks to Its Buy Rating for Waste Management (WM)

In a report released on March 10, Tami Zakaria from J.P. Morgan maintained a Buy rating on Waste Management, with a price target of $265.00.

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Zakaria covers the Industrials sector, focusing on stocks such as Deere, Oshkosh, and Paccar. According to TipRanks, Zakaria has an average return of 11.8% and a 60.98% success rate on recommended stocks.

In addition to J.P. Morgan, Waste Management also received a Buy from Goldman Sachs’s Adam Bubes in a report issued today. However, on March 7, TipRanks – Anthropic reiterated 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. Earlier this month, John J. Morris, the President & COO of WM sold 4,211.00 shares for a total of $1,024,831.07.