Waste Management Stock Hits All-Time High as Confidence Grows

Published 23 hours agoWM

Waste Management Stock Hits All-Time High as Confidence Grows

Waste Management's stock is making headlines as it achieves a new all-time high, trading at $239.30 as of May 30, 2025. This marks a milestone for the company, highlighting its robust market performance and investor confidence. The stock saw a slight increase of $1.54 from the previous close, with the intraday high hitting $239.30 and the low at $237.00.

Contributing to this upward momentum, the Royal Bank of Canada has recently boosted its price target for Waste Management to $229.00 from $227.00, as reported by American Banking News. In addition to favorable analyst updates, the company has posted impressive financial numbers, with a 13% revenue increase and a 21% rise in net income in the fourth quarter of 2024. Overall, for the year 2024, revenues were up by 8%, with net income climbing by 19%, and free cash flow soaring by 22%, reinforcing investor optimism.

Strategically, Waste Management has been on the move, acquiring Stericycle for $7.2 billion in November 2024 to bolster its presence in medical waste management. In December 2024, the company announced a 10% dividend increase, continuing its tradition of 22 consecutive years of dividend growth. These strategic initiatives and strong financials underpin the company's impressive stock performance.

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