Waste Connections Receives Consensus Rating of “Buy” from Analysts (NYSE:WCN)
Waste Connections (NYSE:WCN) has earned a consensus recommendation of “Buy” from the eight ratings firms that are covering the company, Stock Ratings News reports. One research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $52.83.
Shares of Waste Connections (NYSE:WCN) opened at 49.06 on Tuesday. Waste Connections has a one year low of $39.69 and a one year high of $49.42. The stock’s 50-day moving average is $48.21 and its 200-day moving average is $45.67. The company has a market cap of $6.089 billion and a P/E ratio of 27.46.
Waste Connections (NYSE:WCN) last released its earnings data 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. Analysts expect that Waste Connections will post $1.99 EPS for the current fiscal year.
In other Waste Connections news, VP Gregory Thibodeaux sold 1,113 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $48.61, for a total value of $54,102.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on WCN. 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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