Waste Management stock has seen strong growth and market share acquisitions, making it positive for investors.

From Zacks Investment Research: 2024-10-03 14:20:30

Waste Management, Inc. (WM) has experienced a 36% stock gain in the past year, surpassing industry and S&P 500 growth. It boasts a strong Growth Score of B with an expected long-term EPS growth rate of 12.4%. Being North America’s largest waste management company, it has consistent revenue growth and a recession-resistant business model.

Strategic acquisitions, such as Advanced Disposal in 2020 and the upcoming Stericycle deal, enhance WM’s market share and service capacity. The company’s commitment to sustainability and financial stability appeals to investors.

WM maintains reliable dividend payouts and share repurchases, making it an attractive long-term investment. However, it faces risks from environmental regulations and high capital expenditures.

Currently a Zacks Rank #3 (Hold), WM’s competitors in the business services sector like DocuSign and Parsons – ranked #1 (Strong Buy) – offer growth potential with strong earnings surprises. Investors may consider these stocks for their portfolios.



Read more at Zacks Investment Research: Why You Should Hold Waste Management Stock in Your Portfolio Now – October 3, 2024