Analysts’ Updated EPS Estimates for October, 13th (WCN, WDR, WEN, WETF, WEX, WGP, WHR, WIFI, WIN, WING)

Analysts’ updated eps estimates for Saturday, October 13th:

Waste Connections (NYSE:WCN) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $84.00 price target on the stock. According to Zacks, “We appreciate Waste Connections’ focus on secondary and rural markets to garner a higher local market share. It has optimal asset positioning to generate higher profitability. An experienced management team, decentralized operating strategy and financial strength remain additional tailwinds. Acquisitions have been contributing to Waste Connections’ top-line growth. The company's efforts to reward its shareholders look impressive. year-to-date, the company has outperformed the industry it belongs to. However, seasonality in business is likely to hurt Waste Connections’ top line growth. Stringent environmental, health and safety laws have been hindering the company’s operations and raising its operating costs. Foreign currency exchange rate risks and a debt-laden balance sheet remain other major concerns.”

Waddell & Reed Financial (NYSE:WDR) was downgraded by analysts at Zacks Investment Research from a strong-buy rating to a hold rating. According to Zacks, “Waddell & Reed's shares have outperformed the industry over the past six months. Also, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The company’s initiative to boost revenues has started bearing fruits. Its focus on strengthening the Broker-Dealer channel will likely lead to an increase in asset inflows as well as top-line growth. However, as the company continues to invest in franchise, operating expenses are likely to remain elevated, thereby hurting bottom-line growth. Also, declining trend in assets under management (AUM) remains a major concern for the company.”

Wendys (NASDAQ:WEN) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $19.00 price target on the stock. According to Zacks, “Shares of Wendy’s have outperformed the industry in a year’s time. Sales initiatives like menu innovation and promotional offerings proved beneficial to the company. Additionally, increased investments in technology should improve services and thus result in increased customer count. Reimaging of its restaurants is also expected to boost traffic and drive sales. Continual expansion of delivery service bodes well too. Moreover, the company’s international business is poised to be a long-term growth driver. However, higher labor and commodity costs along with capital spending may dent margins. Wendy’s operates in the retail restaurant space that is highly dependent on consumer discretionary spending.”

Wisdom Tree Investments (NASDAQ:WETF) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “INDIVIDUAL INVESTOR GROUP INC. is an information services company that publishes and markets Individual Investor magazine and Individual Investor’s Special Situations Report. In addition, the Company, through wholly owned subsidiaries, is the investment manager of private investment funds. “

WEX (NYSE:WEX) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $211.00 price target on the stock. According to Zacks, “WEX continues to grow organically driven by its extensive network of fuel and service providers, transaction volume growth, product excellence, marketing capabilities, sales force productivity and other strategies. Its strategic acquisitions are expected to complement its organic growth, add differentiated products and services to its portfolio and enhance scalability. The company’s Health and Employee Benefit Solutions segment is doing well on the back of increasing number of customer signings, solid sales pipeline and addition of numerous partners. WEX is also active on the partnership front. Improving operating income is another major positive. Shares of WEX outperformed its industry in the past year. Despite the positives, WEX’s businesses continue to suffer from seasonal changes. Global presence exposes WEX to foreign currency exchange rate fluctuations. A debt-laden balance sheet is another major concern.”

Western Gas Equity Partners (NYSE:WGP) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $36.00 target price on the stock. According to Zacks, “Western Gas Equity Partners, LP is formed to own, operate, acquire and develop midstream energy assets. Western Gas Equity Partners, LP is based in The Woodlands, Texas. “

Whirlpool (NYSE:WHR) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Whirlpool underperformed the industry in a month owing to dismal top and bottom line trends. Including second-quarter 2018, the company delivered negative earnings surprise in seven of the last eight quarters and five consecutive sales misses. Also, top and bottom lines declined year over year due to higher raw material costs, lower sales volumes and currency headwinds. Notably, the increased steel tariffs due to the global trade war are hurting Whirlpool as steel is its main raw material. Additionally, a struggling EMEA segment due to charges booked in the European operations and an antitrust settlement in France weighed on the results. Management lowered its GAAP and adjusted earnings view for 2018. Nevertheless, the company’s progress on global cost-based price increases and fixed cost reduction initiatives, along with robust product pipeline and innovations remain encouraging. Estimates have been stable lately.”

Boingo Wireless (NASDAQ:WIFI) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $38.00 price target on the stock. According to Zacks, “Boingo Wireless, Inc. is a Wi-Fi software and services provider. Boingo users can access the mobile Internet via Boingo Network locations that include the airports, hotel chains, caf├ęs and coffee shops, restaurants, convention centers and metropolitan hot zones. The company provides its solutions to individual users and partners consisting of telecom operators, network operators, cable companies, technology companies, enterprise software and services companies, and communications companies. Boingo Wireless, Inc. is headquartered in Los Angeles, California. “

Windstream (NASDAQ:WIN) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Windstream is seeking diversification from legacy telecom services and has made significant investments to upgrade its network and product portfolio. The company is realigning its wireless network towards a software-centric model to meet increasing demands. Windstream is also focusing on improving sales, reducing operating costs and exploring competitive pricing initiatives. However, the stock has underperformed the industry in the past year on an average. Wireless competition has resulted in a reduction in the company’s access lines, and has led to pricing pressure in the industry. Widespread availability of 4G LTE networks and 5G deployments are likely to result in greater competition for Windstream’s broadband Internet business. In order to remain competitive, the company needs to invest significantly in technology and network upgrades to thwart subscriber churn to larger rivals, which in turn will likely lead to soft margins.”

Wingstop (NASDAQ:WING) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $78.00 target price on the stock. According to Zacks, “Wingstop Inc. franchises and operates restaurants. The Company’s operating segment consists of Franchise segment and Company segment. It offers cooked-to-order, hand-sauced and tossed chicken wings. Wingstop Inc. is headquartered in Dallas, Texas. “

Workiva (NYSE:WK) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Workiva LLC offers a cloud-based and mobile-enabled platform for enterprises to collect, manage, report and analyze critical business data in real time. The company provides solutions for compliance, risk, sustainability and management reporting as well as enterprise risk management. It serves the manufacturing and materials, energy and utilities, financial services, healthcare, media and entertainment, real estate, retail, consumer goods, services, transportation and technology and telecom industries. Workiva LLC is headquartered in Ames, Iowa. “

Workhorse Group (NASDAQ:WKHS) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Workhorse Group Inc. is engaged in designing, developing, manufacturing and selling medium-duty trucks. The Company’s products include trucks comprising powertrain and chassis. Powertrain includes E-GEN and AMP E-100. Chassis include W88, W22, W42 and W62. Workhorse Group Inc., formerly known as AMP Holding Inc., is based in Loveland, United States. “

Whiting Petroleum (NYSE:WLL) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $51.00 target price on the stock. According to Zacks, “Whiting Petroleum's core operations are focused in North Dakota's Williston Basin, providing this E&P with an enviable acreage of top-tier assets and a multi-year drilling inventory. The company has been witnessing improvement in well production of late. Not just the flow rates have been getting better, the reserves are also growing and the momentum is expected to continue going forward. Whiting Petroleum's continually improving drilling efficiency has driven down cash costs while leading to attractive cash flow generation. The company has also been contemplating to sell off some of its holdings in the DJ Basin to pay down its debt and sharpen its focus on the prolific Bakken shale. As such Whiting Petroleum is seen as an attractive pick now.”

Waste Management (NYSE:WM) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Waste Management continues to execute its core operating objectives and instill price and cost discipline to achieve better margins. The company's successful cost-reduction initiatives have helped it achieve EBITDA growth. Its solid waste business is in great shape. Waste Management continues to enjoy a dominant market capitalization and a steady annual dividend policy. The company is increasingly focusing on maximizing return on disposal network.  The stock has outperformed the industry in the past year. On the flip side, high debt remains a major concern. Also, the company faces seasonal fluctuations in revenues.”

Wal-mart de Mexico S A B de C V (OTCMKTS:WMMVY) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “WAL-MART de Mexico-ADR operates 587 commercial units, including self-service stores, department, and restaurants. “

Advanced Drainage Systems (NYSE:WMS) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $34.00 target price on the stock. According to Zacks, “Advanced Drainage Systems, Inc. is a manufacturer of thermoplastic corrugated pipe, providing a comprehensive suite of water management products and drainage solutions for use in the construction and infrastructure marketplace. The company provides single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products comprising PVC drainage structures, fittings and filters, and water quality filters and separators. Its products are used across a broad range of end markets and applications, including non-residential, residential, agriculture and infrastructure applications. Advanced Drainage Systems, Inc. is headquartered in Hilliard, Ohio. “

Western New England Bancorp (NASDAQ:WNEB) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Western New England Bancorp, Inc. provides banking services. The Company offers personal checking accounts, loans, eBanking services, commercial loans, money market accounts, wealth management, retirement planning and other related financial services. Western New England Bancorp, Inc., formerly known as Westfield Financial, Inc., is based in Westfield, MA. “

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