Waste Connections Inc. Reaches New 12-Month High at $46.49 (WCN)
Waste Connections (NYSE:WCN)’s share price reached a new 52-week high during trading on Wednesday, Stock Ratings Network reports. The stock traded as high as $46.49 and last traded at $46.25, with a volume of 230,476 shares traded. The stock had previously closed at $46.03.
Several analysts have recently commented on the stock. Analysts at Imperial Capital initiated coverage on shares of Waste Connections (NYSE:WCN) in a research note to investors on Wednesday. They set an “outperform” rating and a $53.00 price target on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $48.00.
Waste Connections has a 52 week low of $29.25 and a 52 week high of $46.31. The stock’s 50-day moving average is $43.81 and its 200-day moving average is $40.67. The company has a market cap of $5.704 billion and a price-to-earnings ratio of 33.19.
Waste Connections (NYSE:WCN) last issued its quarterly earnings data 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. Analysts expect that Waste Connections will post $1.78 EPS 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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