Waste Connections Inc (TSE:WCN) had its price target raised by research analysts at Raymond James Financial, Inc. from C$72.00 to C$76.00 in a research note issued to investors on Thursday, July 27th, StockTargetPrices.com reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial, Inc.’s price target points to a potential downside of 7.24% from the stock’s previous close.
Several other research firms have also recently weighed in on WCN. Royal Bank Of Canada restated an “outperform” rating and set a C$135.00 target price on shares of Waste Connections in a research note on Monday, June 19th. Barclays PLC lifted their price target on Waste Connections from C$133.00 to C$136.00 in a research report on Friday, April 28th. TD Securities lifted their price target on Waste Connections to C$136.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Finally, Credit Suisse Group lifted their price target on Waste Connections to C$75.00 and gave the stock an “outperform” rating in a research report on Thursday, June 22nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of C$87.00.
Shares of Waste Connections (TSE:WCN) traded down 0.29% during trading on Thursday, reaching $81.69. 40,513 shares of the company traded hands. Waste Connections has a 1-year low of $63.11 and a 1-year high of $88.94. The company has a market capitalization of $21.52 billion and a price-to-earnings ratio of 69.46. The stock’s 50 day moving average is $82.24 and its 200 day moving average is $80.46.
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In other news, insider Worthing F. Jackman sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of C$65.00, for a total value of C$1,950,000.00. Also, Director Edward E. Guillet sold 11,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of C$65.27, for a total value of C$750,605.00. In the last ninety days, insiders have sold 86,900 shares of company stock worth $6,289,491.
Waste Connections Company Profile
Waste Connections, Inc, a solid waste services company, provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through six segments: Southern, Western, Eastern, Canada, Central, and Exploration and Production (E&P). It offers collection services to residential, commercial, municipal, industrial, and E&P customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, office paper, plastic containers, glass bottles, and ferrous and aluminum metals.
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