News headlines about Waste Connections (NYSE:WCN) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Waste Connections earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 45.3691962205364 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
Waste Connections (WCN) remained flat at $$70.91 during trading hours on Friday. The stock had a trading volume of 671,614 shares, compared to its average volume of 742,189. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.46 and a quick ratio of 1.46. Waste Connections has a twelve month low of $52.29 and a twelve month high of $74.20. The stock has a market cap of $18,694.78, a PE ratio of 53.72, a PEG ratio of 3.77 and a beta of 0.17.
Waste Connections (NYSE:WCN) last released its earnings results on Wednesday, October 25th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. Waste Connections had a return on equity of 9.59% and a net margin of 7.68%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the business posted $0.72 earnings per share. The firm’s revenue was up 11.2% on a year-over-year basis. equities analysts forecast that Waste Connections will post 2.13 EPS for the current fiscal year.
A number of brokerages have recently issued reports on WCN. Credit Suisse Group set a $82.00 price target on Waste Connections and gave the company an “outperform” rating in a report on Tuesday, October 31st. Zacks Investment Research downgraded Waste Connections from a “buy” rating to a “hold” rating in a report on Monday, October 16th. KeyCorp upped their price target on Waste Connections from $72.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, October 13th. TD Securities upped their price objective on Waste Connections from $73.00 to $74.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Finally, Oppenheimer upped their price objective on Waste Connections from $74.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Waste Connections has a consensus rating of “Buy” and an average target price of $78.47.
In other news, Director Robert Davis sold 700 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $71.72, for a total value of $50,204.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Darrell W. Chambliss sold 5,625 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer now directly owns 101,292 shares of the company’s stock, valued at $7,190,719.08. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by corporate insiders.
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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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