Waste Connections Receives Consensus Recommendation of “Buy” from Analysts (NYSE:WCN)
Waste Connections (NYSE:WCN) has been given a consensus recommendation of “Buy” by the eight ratings firms that are presently covering the company, AnalystRatingsNetwork reports. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $52.83.
Shares of Waste Connections (NYSE:WCN) opened at 48.67 on Tuesday. 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 $48.13 and a 200-day moving average of $45.5. The company has a market cap of $6.041 billion and a P/E ratio of 27.34.
Waste Connections (NYSE:WCN) last released its earnings data on Monday, July 21st. The company reported $0.53 earnings per share for the quarter, beating the analysts’ 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. Analysts expect that Waste Connections will post $1.99 EPS for the current fiscal year.
WCN has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus initiated coverage on shares of Waste Connections in a research note on Friday, August 1st. They set a “buy” rating on the stock. Separately, 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. Finally, 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.
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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