RBC Capital Initiates Coverage on Waste Connections to Outperform

RBC Capital Initiates Coverage on Waste Connections(NYSE:WCN). The shares have been rated Outperform. The rating by RBC Capital was issued on Jun 6, 2016.

In a different note, On Jun 2, 2016, BMO Capital said it Upgrades its rating on Waste Connections. The shares have been rated ‘Outperform’ by the firm. CIBC said it Initiates Coverage on Waste Connections, according to a research note issued on Jun 1, 2016. The shares have been rated ‘Sector Outperform’ by the firm. On May 27, 2016, Stifel Nicolaus said it Maintains its rating on Waste Connections. In the research note, the firm Raises the price-target to $70.00 per share. The shares have been rated ‘Buy’ by the firm. Oppenheimer said it Initiates Coverage on Waste Connections, according to a research note issued on May 5, 2016. The shares have been rated ‘Outperform’ by the firm. On Apr 15, 2016, KeyBanc said it Downgrades its rating on Waste Connections. The shares have been rated ‘Sector Weight’ by the firm. On Apr 6, 2016, Imperial Capital said it Maintains its rating on Waste Connections. In the research note, the firm Lowers the price-target to $75.00 per share. The shares have been rated ‘Outperform’ by the firm.

Waste Connections (WCN) made into the market gainers list on Fridays trading session with the shares advancing 0.98% or 0.71 points. Due to strong positive momentum, the stock ended at $73.5, which is also near the day’s high of $73.87. The stock began the session at $73 and the volume stood at 10,77,515 shares. The 52-week high of the shares is $74.23 and the 52 week low is $45.7. The company has a current market capitalization of $9,020 M and it has 12,27,17,727 shares in outstanding.

Waste Connections(WCN) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $514.68M. Analysts had an estimated revenue of $515.19M. Earnings per share were $0.45. Analysts had estimated an EPS of $0.46.

Several Insider Transactions has been reported to the SEC. On Dec 4, 2015, Matthew Stephen Black (Vice President – Tax) sold 2,300 shares at $55.31 per share price.Also, On Nov 13, 2015, Steven F Bouck (President) sold 10,000 shares at $55.41 per share price.On Nov 13, 2015, David M Hall (Sr. Vice President) sold 12,030 shares at $55.29 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s Western segment consists of locations in Alaska California Idaho Montana Nevada Oregon Washington and western Wyoming. The Company’s Central segment consists of locations in Arizona Colorado Kansas Louisiana Minnesota Nebraska New Mexico Oklahoma South Dakota Texas Utah and eastern Wyoming. The Company’s Eastern segment consists of locations in Alabama Illinois Iowa Kentucky Massachusetts Michigan Mississippi New York North Carolina South Carolina and Tennessee. The Company’s E&P segment consists of its E&P operations in Louisiana New Mexico North Dakota Oklahoma Texas Wyoming and Gulf of Mexico.

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