EU and US could reach trade deal this weekend - Reuters
Waste Management, Inc. (WM) stock soared to an all-time high, reaching a price level of $239.35. With a market capitalization of $96.1 billion, this new peak marks a significant milestone for the company, reflecting a robust performance amid a challenging economic landscape. According to InvestingPro analysis, the stock currently trades above its Fair Value, suggesting premium pricing. Over the past year, Waste Management has demonstrated a commendable growth trajectory, with the stock delivering an impressive 17% return. The company maintains strong fundamentals with an "GOOD" Financial Health score from InvestingPro, and has consistently raised its dividend for 21 consecutive years. This uptick is indicative of investor confidence and the company’s strong fundamentals, as it continues to lead in the waste management and environmental services industry. For deeper insights and 13 additional ProTips about WM’s performance and outlook, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Waste Management Inc (NYSE:WM). reported its financial results for the first quarter of 2025, revealing a shortfall in both earnings per share (EPS) and revenue forecasts. The company posted an EPS of $1.58, missing the anticipated $1.69, and revenue reached $6.02 billion, falling short of the forecasted $6.15 billion. Despite these results, the company noted a significant year-over-year increase in operating EBITDA by 12%. In another development, JPMorgan upgraded Waste Management’s stock rating from Neutral to Overweight, raising the price target to $277, citing expectations for high single-digit percentage revenue and EBITDA growth over the next five years. Raymond (NSE:RYMD) James, however, slightly adjusted the price target to $255 but maintained an Outperform rating, highlighting the company’s focus on sustainable projects. Additionally, Waste Management shareholders approved the election of nine directors and the appointment of Ernst & Young LLP as the independent registered public accounting firm. Lastly, Waste Management announced the appointment of John J. Morris, Jr. as President, aligning with the company’s leadership development goals.
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