CIBC analyst Kevin Chiang maintained a Hold rating on Waste Management (NYSE:WM) on Tuesday, setting a price target of $120, which is approximately 8.43% above the present share price of $110.67.
Chiang expects Waste Management to post earnings per share (EPS) of $0.73 for the fourth quarter of 2020.
The current consensus among 13 TipRanks analysts is for a Moderate Buy rating of shares in Waste Management, with an average price target of $121.31.
The analysts price targets range from a high of $140 to a low of $106.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $3.56 billion and a net profit of $590 million. The company's market cap is $46.75 billion.
According to TipRanks.com, CIBC analyst Kevin Chiang is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 6.2% and a 56.80% success rate.
Waste Management, Inc. engages in the provision of waste management environmental services. It operates through the following segments: Tier 1, Tier 2 and Tier 3. The Tier 1 segment comprises of areas in the Southern United States. The Tier 2 segment comprises of areas located in the Midwest and Northeast United States. The Tier 3 segment comprises all remaining areas, including the Northwest and Mid-Atlantic regions of the United States and Eastern Canada. The company was founded on September 30, 1987 and is headquartered in Houston, TX.