Raymond James analyst Patrick Brown maintained a Buy rating on Waste Management (NYSE:WM) on Wednesday, setting a price target of $167, which is approximately 4.85% above the present share price of $159.28.
Brown expects Waste Management to post earnings per share (EPS) of $0.83 for the fourth quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Hold rating of shares in Waste Management, with an average price target of $155.71.
The analysts price targets range from a high of $167 to a low of $148.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $4.48 billion and a net profit of $795 million. The company's market cap is $67.07 billion.
According to TipRanks.com, Raymond James analyst Patrick Brown is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 23.7% and a 83.70% success rate.
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.