Jefferies analyst Stephanie Moore maintains $Waste Connections (WCN.US)$ with a buy rating, and adjusts the target price from $217 to $225.
According to TipRanks data, the analyst has a success rate of 66.1% and a total average return of 19.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Waste Connections (WCN.US)$'s main analysts recently are as follows:
Following Waste Connections' Q3 results, it was noted that the near-term growth outlook did not meet expectations, primarily due to reduced support from commodities. However, it is anticipated that several core value drivers for the business, such as robust pricing, cost and productivity enhancements, and mergers and acquisitions, will continue to have a positive impact into 2025.
Waste Connections surpassed Q3 expectations for both revenue and earnings and has increased its guidance for FY24, with its preliminary outlook for the same period aligning with general market projections. Despite facing numerous challenges, the company's execution continues to be solid. It is well situated to achieve growth in its core solid waste segment and improve margins, thanks to a strong M&A pipeline and productivity improvements, which are expected to lead to favorable future earnings revisions.
The company's third-quarter results slightly exceeded expectations, and the guidance for 2024 has been revised upwards. Additionally, initial commentary for 2025 suggests there may be room for further improvement as the company continues to pursue its merger and acquisition opportunities.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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富瑞集團分析師Stephanie Moore維持$Waste Connections (WCN.US)$買入評級,並將目標價從217美元上調至225美元。
根據TipRanks數據顯示,該分析師近一年總勝率為66.1%,總平均回報率為19.9%。
此外,綜合報道,$Waste Connections (WCN.US)$近期主要分析師觀點如下:
根據Waste Connections的第三季度業績,近期增長前景未達預期,主要是由於大宗商品支持的減少。然而,預計到2025年,業務的幾個核心價值驅動因素,如強勁的定價、成本和生產力提升,以及併購,將繼續對其產生積極影響。
Waste Connections超過了第三季度的營業收入和利潤預期,並提高了財年24的指導,初步展望同期與普遍市場預測一致。儘管面臨諸多挑戰,公司的執行持續穩健。得益於強大的併購管道和生產力提升,該公司有望在其核心固體廢物部門實現增長並提高利潤率,預計將導致未來收益修訂變得有利。
該公司第三季度業績略高於預期,已上調了2024年的指導。此外,對2025年的初步評論表明,隨着公司繼續追求其併購機會,仍有進一步改善的空間。
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