Waste Connections Inc. Sets New 1-Year High at $45.45 (WCN)
Waste Connections (NYSE:WCN) set a new 52-week high during trading on Monday, AnalystRatingsNetwork reports. The stock traded as high as $45.45 and last traded at $45.39, with a volume of 487,273 shares. The stock had previously closed at $43.66.
A number of analysts have recently weighed in on WCN shares. Analysts at Credit Suisse raised their price target on shares of Waste Connections (NYSE:WCN) from $44.00 to $49.00 in a research note to investors on Thursday, July 25th. They now have an “outperform” rating on the stock. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Waste Connections (NYSE:WCN) in a research note to investors on Monday, July 22nd. They now have a $47.00 price target on the stock. Finally, analysts at Wunderlich raised their price target on shares of Waste Connections (NYSE:WCN) from $42.00 to $52.00 in a research note to investors on Monday, July 22nd. They now have a “buy” rating on the stock.
One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Waste Connections presently has an average rating of “Buy” and a consensus price target of $47.17.
In other Waste Connections news, Director Michael W. Harlan unloaded 15,000 shares of the stock on the open market in a transaction dated Friday, September 6th. The stock was sold at an average price of $42.41, for a total value of $636,150.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Waste Connections has a 1-year low of $29.25 and a 1-year high of $44.22. The stock’s 50-day moving average is $43.17 and its 200-day moving average is $39.69. The company has a market cap of $5.604 billion and a price-to-earnings ratio of 31.48.
Waste Connections (NYSE:WCN) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.44 by $0.03. The company had revenue of $489.38 million for the quarter, compared to the consensus estimate of $481.88 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 19.1% on a year-over-year basis. On average, analysts predict that Waste Connections will post $1.78 earnings per share for the current fiscal year.
Waste Connections, Inc (NYSE:WCN) is an integrated municipal solid waste (MSW), services company that provides solid waste collection, transfer, disposal and recycling services in the United States.
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