Investors in Waste Management (NYSE:WM) have experienced a significant return of 146% over the past five years. HSBC recently upgraded the valuation of the company's stock, increasing the target price to $265. Investors are attributing the sustained profitability to numerous groundbreaking initiatives, including the establishment of a $60M renewable natural gas facility and an $80 Million Recycling Facility. Stock moved -0.83%, however, insiders have been selling off their holdings, suggesting potential hesitancy. Nevertheless, renowned investment personality, Jim Cramer, recognized the consistency of the company's performance by referring to WM as a 'Forever Stock' and a 'Super Strong Buy'. Furthermore, WM is set to capitalize on the shifting healthcare trends due to its integration with Stericycle. The company expects growth due to the sturdy Q4 and 2024 earnings following a 10% growth in their legacy business. Recent analyses also look favorably on the company's Q1 2025 earnings, predicting further improvement. WM is also investing in sustainability growth with plans to spend $3 Billion.
Waste Management WM News Analytics from Tue, 29 Oct 2024 07:00:00 GMT to Sat, 26 Apr 2025 13:14:53 GMT - Rating 7 - Innovation 6 - Information 8 - Rumor 3
