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Imperial Capital dropped their target price on shares of Waste Connections (NYSE:WCN) from $51.50 to $50.00 in a research note issued on Thursday, ARN reports. Imperial Capital’s target price would indicate a potential upside of 14.82% from the company’s current price.

Shares of Waste Connections (NYSE:WCN) opened at 43.60 on Thursday. Waste Connections has a one year low of $33.26 and a one year high of $46.49. The stock’s 50-day moving average is $41.91 and its 200-day moving average is $43.30. The company has a market cap of $5.387 billion and a P/E ratio of 27.01.

Waste Connections (NYSE:WCN) last announced its earnings results on Tuesday, February 11th. The company reported $0.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.43 by $0.01. The company had revenue of $485.90 million for the quarter, compared to the consensus estimate of $479.59 million. During the same quarter last year, the company posted $0.37 earnings per share. Waste Connections’s revenue was up 8.3% compared to the same quarter last year. On average, analysts predict that Waste Connections will post $1.99 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, February 25th. Stockholders of record on Tuesday, February 11th will be paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Friday, February 7th.

WCN has been the subject of a number of other recent research reports. Analysts at BB&T Corp. upgraded shares of Waste Connections from a “hold” rating to a “buy” rating in a research note on Wednesday. They now have a $48.00 price target on the stock. Separately, analysts at S&P Equity Research downgraded shares of Waste Connections to a “hold” rating in a research note on Tuesday, January 21st. Finally, analysts at Macquarie initiated coverage on shares of Waste Connections in a research note on Tuesday, January 7th. They set an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $48.63.

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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