Waste Connections (WCN) Receives Analyst Rating

Waste Connections (WCN) : Zacks Investment Research ranks Waste Connections (WCN) as 3, which is a Hold recommendation. 8 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 1.58, which indicates as a Buy.

Waste Connections (WCN) : 8 Wall Street analysts covering Waste Connections (WCN) believe that the average level the stock could reach for the short term is $83.63. The maximum price target given is $87 and the minimum target for short term is around $78, hence the standard deviation is calculated at $3.25.


Also, Macquarie initiates coverage on Waste Connections (NYSE:WCN). The shares have now been rated Outperform by the stock experts at the ratings house. Macquarie announces the current price target of $89 per share on Waste Connections . The rating by the firm was issued on August 25, 2016.

Waste Connections (NYSE:WCN): After opening at $76.35, the stock dipped to an intraday low of $76.065 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $77.19 and the buying power remained strong till the end. The stock closed at $76.72 for the day, a gain of 0.54% for the day session. The total traded volume was 600,020. The stocks close on the previous trading day was $76.31.

Waste Connections, Inc. is an integrated municipal solid waste (MSW) services company that provides solid waste collection, transfer, disposal and recycling services. It provides non-hazardous exploration and production (E&P), waste treatment, recovery and disposal services. The Company operates in four segments: Western, Central, Eastern and E&P. The Companys Western segment consists of locations in Alaska, California, Idaho, Montana, Nevada, Oregon, Washington and western Wyoming. The Companys Central segment consists of locations in Arizona, Colorado, Kansas, Louisiana, Minnesota, Nebraska, New Mexico, Oklahoma, South Dakota, Texas, Utah and eastern Wyoming. The Companys Eastern segment consists of locations in Alabama, Illinois, Iowa, Kentucky, Massachusetts, Michigan, Mississippi, New York, North Carolina, South Carolina and Tennessee. The Companys E&P segment consists of its E&P operations in Louisiana, New Mexico, North Dakota, Oklahoma, Texas, Wyoming and Gulf of Mexico.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *