In a report released today, Sabahat Khan from RBC Capital assigned a Buy rating to Waste Connections (WCN – Research Report), with a price target of $196.00. The company’s shares closed last Friday at $168.01.
Khan covers the Consumer Cyclical sector, focusing on stocks such as Polaris, Boyd Group Services, and Gildan Activewear. According to TipRanks, Khan has an average return of 6.5% and a 54.15% success rate on recommended stocks.
Currently, the analyst consensus on Waste Connections is a Strong Buy with an average price target of $184.11, implying a 9.58% upside from current levels. In a report released on March 29, Stifel Nicolaus also maintained a Buy rating on the stock with a $190.00 price target.
WCN market cap is currently $43.26B and has a P/E ratio of 56.86.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WCN in relation to earlier this year.
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Waste Connections (WCN) Company Description:
Waste Connections, Inc. is an integrated solid waste management services company. It provides waste collection, waste disposal, transfer, and recycling services in the US and Canada.
Read More on WCN:
- Waste Connections Q1 Earnings Call and Q2 Events
- Waste Connections price target raised to $217 from $195 at Jefferies
- Waste Connections price target raised to $180 from $170 at Oppenheimer
- Waste Connections management to meet with Oppenheimer
- Waste Connections Secures Flexible $4 Billion Credit Facility
