A number of research firms have changed their ratings and price targets for Waste Connections (NYSE: WCN):

  • 8/7/2017 – Waste Connections had its price target raised by analysts at Barclays PLC from $70.00 to $76.00. They now have an “overweight” rating on the stock.
  • 8/3/2017 – Waste Connections was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/1/2017 – Waste Connections was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Waste Connections reported better-than-expected results in second-quarter 2017, with adjusted earnings beating the Zacks Consensus Estimate by $0.02. With prime location of disposal sites within competitive markets and vertically integrated services, Waste Connections has optimal asset positioning to generate higher profitability. The merger of Waste Connections with Progressive Waste Solutions has arguably created an industry leader with enhanced scale and a stronger financial profile. The company has also outperformed the industry year to date. However, volatility in crude oil prices, stringent health and safety laws adversely impact revenue generation and increase operating risks. Seasonality issues and low barriers to entry for the industry remain other challenges for the company. Competitors also resort to aggressive pricing to gain higher market share that erodes its profitability to some extent.”
  • 7/31/2017 – Waste Connections was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $73.00 price target on the stock. According to Zacks, “Waste Connections reported better-than-expected results in second-quarter 2017, with adjusted earnings beating the Zacks Consensus Estimate by $0.02. With prime location of disposal sites within competitive markets and vertically integrated services, Waste Connections has optimal asset positioning to generate higher profitability. The merger of Waste Connections with Progressive Waste Solutions has arguably created an industry leader with enhanced scale and a stronger financial profile. The combined company will benefit from a diverse revenue base and has strategic assets uniquely positioned for continued growth, generating approximately $50 million in annualized SG&A cost savings within the first 12 months after closing. The company has also outperformed the industry in the last three months. However, volatility in crude oil prices, stringent health and safety laws adversely impact revenue generation and increase operating risks.”
  • 7/27/2017 – Waste Connections had its price target raised by analysts at Royal Bank Of Canada from $74.00 to $76.00. They now have an “outperform” rating on the stock.
  • 7/27/2017 – Waste Connections had its price target raised by analysts at TD Securities from $67.00 to $73.00. They now have a “hold” rating on the stock.
  • 7/27/2017 – Waste Connections had its price target raised by analysts at Raymond James Financial, Inc. from $74.00 to $75.00. They now have a “strong-buy” rating on the stock.
  • 7/27/2017 – Waste Connections was given a new $75.00 price target on by analysts at Credit Suisse Group. They now have a “buy” rating on the stock.
  • 7/26/2017 – Waste Connections was given a new $70.00 price target on by analysts at Barclays PLC. They now have a “buy” rating on the stock.
  • 7/24/2017 – Waste Connections was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/23/2017 – Waste Connections had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $68.00 price target on the stock.
  • 6/23/2017 – Waste Connections had its “buy” rating reaffirmed by analysts at Credit Suisse Group. They now have a $75.00 price target on the stock.
  • 6/23/2017 – Waste Connections had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $70.00 price target on the stock, up previously from $64.00.
  • 6/23/2017 – Waste Connections had its price target raised by analysts at Royal Bank Of Canada from $68.00 to $74.00. They now have an “outperform” rating on the stock.
  • 6/21/2017 – Waste Connections had its price target raised by analysts at Stifel Nicolaus from $66.50 to $75.00. They now have a “buy” rating on the stock.
  • 6/19/2017 – Waste Connections was given a new $102.00 price target on by analysts at Royal Bank Of Canada. They now have an “outperform” rating on the stock.

Waste Connections, Inc. (NYSE WCN) traded up 0.82% on Friday, reaching $64.13. 294,606 shares of the company’s stock traded hands. The stock has a market cap of $16.89 billion, a price-to-earnings ratio of 54.53 and a beta of 0.23. The stock has a 50 day moving average price of $64.76 and a 200 day moving average price of $60.61. Waste Connections, Inc. has a 12-month low of $47.81 and a 12-month high of $67.14.

Waste Connections (NYSE:WCN) last released its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Waste Connections had a net margin of 7.11% and a return on equity of 9.19%. The business’s revenue for the quarter was up 61.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 EPS. Analysts forecast that Waste Connections, Inc. will post $2.13 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 22nd. Stockholders of record on Tuesday, August 8th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, August 4th. Waste Connections’s dividend payout ratio (DPR) is currently 32.11%.

In other Waste Connections news, Director Susan Lee acquired 1,200 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were acquired at an average cost of $92.05 per share, with a total value of $110,460.00. Following the acquisition, the director now directly owns 3,679 shares of the company’s stock, valued at $338,651.95. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Worthing Jackman sold 30,000 shares of the company’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $65.00, for a total transaction of $1,950,000.00. The disclosure for this sale can be found here. Insiders sold a total of 93,900 shares of company stock worth $6,871,801 over the last ninety days. Insiders own 0.68% of the company’s stock.

Waste Connections, Inc is a solid waste services company in North America. The Company provides waste collection, transfer, disposal and recycling services in markets in the United States and Canada. The Company operates through six segments: Southern segment, Western segment, Eastern segment, Canada segment, Central segment and E&P segment.

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