Waste Connections (WCN) Received its Third Buy in a Row


After UBS and RBC Capital gave Waste Connections (NYSE: WCN) a Buy rating last month, the company received another Buy, this time from Oppenheimer. Analyst Noah Kaye assigned a Buy rating to Waste Connections yesterday and set a price target of $96.00. The company’s shares closed last Wednesday at $86.29.

According to TipRanks.com, Kaye is a 4-star analyst with an average return of 3.9% and a 52.1% success rate. Kaye covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation, Delphi Technologies, and Johnson Controls.

Waste Connections has an analyst consensus of Strong Buy, with a price target consensus of $101.53.

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The company has a one-year high of $105.17 and a one-year low of $70.88. Currently, Waste Connections has an average volume of 1.54M.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WCN in relation to earlier this year.

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. engages in the provision of solid waste services. Its services include waste collection, transfer, disposal, treatment and recycling. It also provides non-hazardous exploration and production, waste treatment, recovery and disposal services. The company was founded by Ronald J. Mittelstaedt on September 9, 1997 and is headquartered in Vaughan, Canada.

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