Waste Management (WM) has been identified as a top growth stock for the long-term due to its sustainable efforts, strategic acquisitions, and impressive Q4 2023 earnings. It has reportedly beat EPS but fell short in revenue in Q1 2024. A noteworthy partnership with
MLB designates WM as the first sustainability-focused partner, reinforcing their solid reputation in sustainable waste management. Their shares have seen a 6.3% gain in a month and a 37% rise within a year. WM continues to attract investors due to its robust growth strategy, which includes plans to gain an upper hand in the competitive waste management industry and subsequent purchase of Hometown Haulers. Yet, WM's Q2 earnings missed estimates. Several factors could be contributing to the fluctuating stock price, including profit estimates, Q4 earnings, and competition. With an increase in share price of 30% over six months, the price target was raised to $222.00 despite a slight dip in the market. WM has managed to maintain a responsible approach in managing its debt and has a strong backing from institutional owners who hold 83% of the company. However, investors should watch for downside potential as the stock's gains could signal possible risk. Going forward, the stock is expected to grow, but accelerations in returns might fall short. Among institutional investors, WM is a favourite holding 82% in ownership.
Waste Management WM News Analytics from Wed, 06 Sep 2023 07:00:00 GMT to Wed, 08 May 2024 04:26:18 GMT -
Rating 8
- Innovation 5
- Information 7
- Rumor -5
