Waste Management Receives a Buy from Oppenheimer

By Carrie Williams

In a report released today, Noah Kaye from Oppenheimer maintained a Buy rating on Waste Management (NYSE: WM). The company’s shares closed yesterday at $82.60.

According to TipRanks.com, Kaye is a 4-star analyst with an average return of 6.8% and a 59.4% success rate. Kaye covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation Inc, Westport Innov, and AO Smith Corp.

Waste Management has an analyst consensus of Strong Buy, with a price target consensus of $100.25.

Based on Waste Management’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $3.72 billion and quarterly net profit of $386 million. In comparison, last year the company earned revenue of $3.46 billion and had a net profit of $335 million.

Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock.

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Waste Management, Inc. engages in provision of waste management environmental services. It operates through the following business segments: Tier 1. Tier 2 and Tier 3. The Tier 1 segment comprises exclusively of areas in the Southern United States. The Tier 2 segment comprises predominately of areas located in the Midwest and Northeast United States.