Waste Connections Price Target Increased to $48.00 by Analysts at Raymond James (WCN)
Research analysts at Raymond James boosted their price objective on shares of Waste Connections (NYSE:WCN) from $46.00 to $48.00 in a report released on Monday, Analyst Ratings Network.com reports. Raymond James’ target price suggests a potential upside of 6.01% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Thomson Reuters/Verus upgraded shares of Waste Connections from a “sell” rating to a “hold” rating in a research note to investors on Monday. Separately, analysts at Imperial Capital initiated coverage on shares of Waste Connections in a research note to investors on Wednesday, October 2nd. They set an “outperform” rating and a $53.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Waste Connections 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. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $48.00.
Shares of Waste Connections (NYSE:WCN) traded down 0.90% during mid-day trading on Monday, hitting $45.28. 435,554 shares of the company’s stock traded hands. Waste Connections has a one year low of $29.90 and a one year high of $46.49. The stock has a 50-day moving average of $44.30 and a 200-day moving average of $41.13. The company has a market cap of $5.591 billion and a price-to-earnings ratio of 32.94.
Waste Connections (NYSE:WCN) last released its earnings data on Tuesday, July 23rd. The company reported $0.47 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.36 earnings per share. Waste Connections’s revenue was up 19.1% compared to the same quarter last year. 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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