Waste Connections (WCN) Receives Price Target

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.

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.


Also, Macquarie initiates coverage on Waste Connections (NYSE:WCN) The current rating of the shares is Outperform. Equity Analysts at the Firm announces the price target to $89 per share. The rating by the firm was issued on August 25, 2016.

Waste Connections (NYSE:WCN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $76.11 and $76.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $77.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $77.80, notching a gain of 1.79% for the day. The total traded volume was 892,865 . The stock had closed at $76.43 on the previous day.

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.

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