Why Waste Management, Inc. (WM) is a Strong Investment Opportunity
Are you looking for a promising stock to add to your portfolio? Waste Management, Inc. (WM) might just be the perfect pick for you. With a strong performance in the Waste Removal Services space, Waste Management has seen a significant rise in share price over the past year, making it an attractive investment opportunity.
One of the key reasons why Waste Management is an attractive pick is its impressive share price appreciation. The stock has returned 22.3% over the past year, outperforming the industry average. Additionally, Waste Management currently carries a Zacks Rank #2 (Buy) and has a VGM Score of B, indicating a compelling investment proposition.
Analysts are also bullish on Waste Management’s growth prospects, with one estimate for 2024 moving north over the past 60 days. The company has an expected long-term earnings per share growth rate of 11.8%, with earnings expected to improve in the coming years.
Waste Management’s positive earnings surprise history and strong growth drivers further support its potential for future growth. As a leading provider of waste management and environmental services, Waste Management is well-positioned to benefit from trends such as rising environmental concerns and population growth.
If you’re considering adding Waste Management to your portfolio, now might be the perfect time to do so. With a solid track record, strong fundamentals, and positive growth prospects, Waste Management could be a valuable addition to your investment strategy. Don’t miss out on this opportunity to capitalize on the momentum of this well-performing stock in the waste removal services sector.
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