Waste Connections Now Covered by Stifel Nicolaus (WCN)
A number of other analysts have also recently weighed in on WCN. Analysts at Raymond James reiterated an “outperform” rating on shares of Waste Connections in a research note on Wednesday, July 23rd. They now have a $51.00 price target on the stock, up previously from $48.00. Separately, analysts at Macquarie reiterated an “outperform” rating on shares of Waste Connections in a research note on Wednesday, July 23rd. They now have a $56.00 price target on the stock, up previously from $52.00. Finally, analysts at Imperial Capital raised their price target on shares of Waste Connections from $50.00 to $56.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Waste Connections currently has a consensus rating of “Buy” and an average target price of $52.83.
Waste Connections (NYSE:WCN) traded down 0.68% during mid-day trading on Friday, hitting $47.02. 108,830 shares of the company’s stock traded hands. Waste Connections has a 1-year low of $39.69 and a 1-year high of $49.42. The stock has a 50-day moving average of $47.93 and a 200-day moving average of $44.63. The company has a market cap of $5.836 billion and a P/E ratio of 26.60.
Waste Connections (NYSE:WCN) last announced its earnings results on Monday, July 21st. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.01. The company had revenue of $524.70 million for the quarter, compared to the consensus estimate of $519.28 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. On average, analysts predict that Waste Connections will post $2.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Wednesday, July 30th.
In other Waste Connections news, VP Richard Keith Wojahn sold 1,000 shares of the stock on the open market in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $48.53, for a total value of $48,530.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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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