Waste Connections Reaches New 12-Month High at $50.14 (WCN)
Shares of Waste Connections (NYSE:WCN) reached a new 52-week high during trading on Tuesday , American Banking News reports. The company traded as high as $50.14 and last traded at $49.82, with a volume of 380,166 shares traded. The stock had previously closed at $49.06.
Several analysts have recently commented on the stock. 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. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $52.83.
The stock has a 50-day moving average of $48.21 and a 200-day moving average of $45.67. The company has a market cap of $6.211 billion and a price-to-earnings ratio of 27.56.
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. 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 Waste Connections stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $48.61, for a total transaction of $54,102.93. The sale was disclosed in a legal filing with the SEC, 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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