Media coverage about Waste Connections (NYSE:WCN) has been trending somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Waste Connections earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned press coverage about the business services provider an impact score of 45.9328743153139 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
Several analysts recently issued reports on the company. Credit Suisse Group set a $82.00 price target on Waste Connections and gave the stock an “outperform” rating in a report on Tuesday, October 31st. KeyCorp raised their price target on Waste Connections from $72.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. Oppenheimer raised their price target on Waste Connections from $74.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Royal Bank of Canada raised their target price on Waste Connections from $76.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Finally, BMO Capital Markets initiated coverage on Waste Connections in a research report on Monday, December 11th. They issued an “outperform” rating and a $79.00 target price on the stock. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $78.47.
Shares of Waste Connections (WCN) opened at $70.91 on Friday. The firm has a market capitalization of $18,694.78, a price-to-earnings ratio of 53.72, a PEG ratio of 3.77 and a beta of 0.17. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.46 and a current ratio of 1.46. Waste Connections has a one year low of $52.29 and a one year high of $74.20.
Waste Connections (NYSE:WCN) last released its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Waste Connections had a return on equity of 9.59% and a net margin of 7.68%. The company’s revenue was up 11.2% compared to the same quarter last year. During the same period last year, the company posted $0.72 EPS. research analysts anticipate that Waste Connections will post 2.13 earnings per share for the current year.
In related news, Director Robert Davis sold 700 shares of Waste Connections stock in a transaction on Monday, October 30th. The stock was sold at an average price of $71.72, for a total transaction of $50,204.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Darrell W. Chambliss sold 5,625 shares of Waste Connections stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $70.99, for a total value of $399,318.75. Following the sale, the chief operating officer now directly owns 101,292 shares of the company’s stock, valued at approximately $7,190,719.08. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.
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About Waste Connections
Waste Connections, Inc is a solid waste services company in North America. The Company provides waste collection, transfer, disposal and recycling services in markets in the United States and Canada. The Company operates through six segments: Southern segment, Western segment, Eastern segment, Canada segment, Central segment and E&P segment.
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