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RBC Capital Sticks to Their Hold Rating for Waste Management (WM)

In a report issued on July 19, Walter Spracklin from RBC Capital maintained a Hold rating on Waste Management (WMResearch Report), with a price target of $162.00. The company’s shares closed last Wednesday at $152.75.

According to TipRanks.com, Spracklin is a 5-star analyst with an average return of 15.8% and a 60.0% success rate. Spracklin covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, Andlauer Healthcare Group, and TFI International.

Waste Management has an analyst consensus of Moderate Buy, with a price target consensus of $171.00, implying a 12.0% upside from current levels. In a report released yesterday, Morgan Stanley also maintained a Hold rating on the stock with a $165.00 price target.

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Based on Waste Management’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.66 billion and net profit of $513 million. In comparison, last year the company earned revenue of $4.11 billion and had a net profit of $421 million.

Based on the recent corporate insider activity of 75 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.

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.

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.

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