Waste Management (WM) has been largely recognized by analysts as an excellent investment, with its stock receiving several upgrades and exhibiting notable momentum. Various institutional investors have increased their stock holdings, demonstrating high confidence in the company. Furthermore, WM has delivered robust financial figures with consistently strong earnings, impressive return on equity of 33%, and record EBITDA margin. WM recently completed a $7.2B acquisition of Stericycle, a leader in the medical waste market, taking a leading position in the industry and making the medical business growth a solid fit. This acquisition has been favorably received by market participants. Additionally, they have recently announced pricing of $5.2 billion senior notes. The company's operations have also shown favorable comparisons to Wall Street predictions and demonstrated increased revenues. WM’s announcement of a $100 million Denver East sorting center attests to its commitment towards boosting recycling. WM is considered a top growth and momentum stock for the long term, and has also been hailed as one of the best recycling stocks to buy by hedge funds. Nevertheless, some insiders have sold shares, introducing an element of uncertainty.
Waste Management WM News Analytics from Thu, 16 May 2024 07:00:00 GMT to Sat, 23 Nov 2024 10:30:00 GMT -
Rating 8
- Innovation 6
- Information 8
- Rumor -4
