Waste Connections (WCN) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 86 from a previous price target of $82 . RBC Capital Mkts advised their investors in a research report released on Aug 5, 2016.
Many Wall Street Analysts have commented on Waste Connections. Company shares were Reiterated by Wedbush on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 80 from a previous price target of $77 .Company shares were Reiterated by Imperial Capital on Jun 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 80 from a previous price target of $75 .Waste Connections was Downgraded by TD Securities to ” Hold” on Jun 13, 2016.
On the company’s financial health, Waste Connections reported $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.55. The company had revenue of $727.60 million for the quarter, compared to analysts expectations of $712.00 million. The company’s revenue was up 36.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.
Waste Connections opened for trading at $73.59 and hit $76.555 on the upside on Thursday, eventually ending the session at $75.85, with a gain of 4.06% or 2.96 points. The heightened volatility saw the trading volume jump to 25,17,984 shares. Company has a market cap of $9,308 M.
In a different news, on Jun 13, 2016, Patrick James Shea (Sr. VP, General Counsel & Sec) sold 5,000 shares at $73.05 per share price. According to the SEC, on Jun 8, 2016, James Little (Sr. Vice President Engineering) sold 3,000 shares at $70.60 per share price. On Dec 4, 2015, Matthew Stephen Black (Vice President – Tax) sold 2,300 shares at $55.31 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.