Waste Connections’s Buy Rating Reaffirmed at Imperial Capital (WCN)
Waste Connections (NYSE:WCN)‘s stock had its “buy” rating restated by equities research analysts at Imperial Capital in a research note issued to investors on Monday, American Banking and Market News reports. They currently have a $53.00 target price on the stock. Imperial Capital’s price target suggests a potential upside of 17.05% from the stock’s previous close.
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 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. On average, analysts predict that Waste Connections will post $1.78 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James raised their price target on shares of Waste Connections from $46.00 to $48.00 in a research note to investors on Monday. They now have a “hold” rating on the stock. Separately, 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. 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. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $48.00.
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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