Waste Connections Upgraded to “Hold” by Thomson Reuters/Verus (WCN)
Waste Connections (NYSE:WCN) was upgraded by investment analysts at Thomson Reuters/Verus from a “sell” rating to a “hold” rating in a note issued to investors on Monday, Analyst Ratings Net reports.
WCN has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Waste Connections in a research note to investors on Monday, July 22nd. They now have a $47.00 price target on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $48.00.
Shares of Waste Connections (NYSE:WCN) traded down 0.50% on Monday, hitting $45.46. The stock had a trading volume of 73,188 shares. 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 $5.614 billion and a price-to-earnings ratio of 32.94.
Waste Connections (NYSE:WCN) last issued its quarterly 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. 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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