RBC Capital analyst Sabahat Khan assigned a Buy rating to Waste Connections (WCN – Research Report) yesterday and set a price target of $195.00. The company’s shares closed yesterday at $165.18.
According to TipRanks, Khan is a 4-star analyst with an average return of 6.0% and a 52.74% success rate. Khan covers the Consumer Cyclical sector, focusing on stocks such as Polaris, Boyd Group Services, and Gildan Activewear.
In addition to RBC Capital, Waste Connections also received a Buy from Oppenheimer’s Noah Kaye in a report issued yesterday. However, on the same day, Scotiabank maintained a Hold rating on Waste Connections (NYSE: WCN).
Based on Waste Connections’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.04 billion and a net profit of $126.75 million. In comparison, last year the company earned a revenue of $1.87 billion and had a net profit of $193.93 million
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.
