In a report issued on July 22, Michael E. Hoffman from Stifel Nicolaus maintained a Buy rating on Waste Connections (WCN – Research Report), with a price target of $144.00. The company’s shares closed last Friday at $126.26.
According to TipRanks.com, Hoffman is a 5-star analyst with an average return of 13.1% and a 59.5% success rate. Hoffman covers the Services sector, focusing on stocks such as Terminix Global Holdings, Heritage-Crystal Clean, and Republic Services.
Currently, the analyst consensus on Waste Connections is a Strong Buy with an average price target of $150.38, a 18.1% upside from current levels. In a report issued on July 15, Oppenheimer also maintained a Buy rating on the stock with a $135.00 price target.
Based on Waste Connections’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.65 billion and net profit of $180 million. In comparison, last year the company earned revenue of $1.4 billion and had a net profit of $160 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Waste Connections, Inc. is an integrated solid waste management services company. It provides waste collection, waste disposal, transfer, and recycling services in the US and Canada.
Read More on WCN:
- EOG Resources (EOG) Gets a Buy Rating from Stifel Nicolaus
- Waste Management (WM) Receives a Buy from Stifel Nicolaus
- Stifel Nicolaus Reaffirms Their Buy Rating on Chord Energy (CHRD)
- Diamondback (FANG) Gets a Buy Rating from Stifel Nicolaus
- Stifel Nicolaus Reaffirms Their Buy Rating on Pioneer Natural (PXD)