Waste Connections (WCN) was Downgraded by KeyBanc Capital Mkts to ” Sector Weight”. Earlier the firm had a rating of “Overweight ” on the company shares. KeyBanc Capital Mkts advised their investors in a research report released on Apr 15, 2016.
Many Wall Street Analysts have commented on Waste Connections. Shares were Reiterated by Imperial Capital on Apr 6, 2016 to “Outperform” and Lowered the Price Target to $ 72 from a previous price target of $75 .Company shares were Reiterated by Imperial Capital on Mar 24, 2016 to “Outperform”, Firm has raised the Price Target to $ 75 from a previous price target of $65 .Waste Connections was Initiated by Sterne Agee CRT to “Buy” on Mar 22, 2016.
On the company’s financial health, Waste Connections reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 26, 2015. Analyst had a consensus of $0.53. The company had revenue of $547.90 million for the quarter, compared to analysts expectations of $546.53 million. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.
Waste Connections closed down -0.28 points or -0.44% at $63.66 with 4,33,785 shares getting traded on Monday. Post opening the session at $64.02, the shares hit an intraday low of $63.66 and an intraday high of $64.54 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Dec 4, 2015, Matthew Stephen Black (Vice President – Tax) sold 2,300 shares at $55.31 per share price. According to the SEC, 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.