Waste Management (WM) Receives a Buy from Stifel Nicolaus

In a report issued on July 22, Michael E. Hoffman from Stifel Nicolaus maintained a Buy rating on Waste Management (WMResearch Report), with a price target of $166.00. The company’s shares closed last Friday at $154.93.

According to TipRanks.com, Hoffman is a 5-star analyst with an average return of 13.1% and a 59.5% success rate. Hoffman covers the Services sector, focusing on stocks such as Terminix Global Holdings, Heritage-Crystal Clean, and Republic Services.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Waste Management with a $169.27 average price target, implying an 8.7% upside from current levels. In a report issued on July 15, Oppenheimer also maintained a Buy rating on the stock with a $160.00 price target.

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The company has a one-year high of $170.18 and a one-year low of $138.58. Currently, Waste Management has an average volume of 1.72M.

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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