Media stories about Waste Connections (NYSE:WCN) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Waste Connections earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 45.6239197749964 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several analysts have recently issued reports on WCN shares. Royal Bank of Canada boosted their price objective on shares of Waste Connections from $76.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. KeyCorp reissued a “buy” rating and set a $78.00 price objective on shares of Waste Connections in a research note on Friday, October 27th. Zacks Investment Research raised shares of Waste Connections from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research note on Thursday, October 5th. Stifel Nicolaus boosted their price objective on shares of Waste Connections from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 4th. Finally, Bank of America started coverage on shares of Waste Connections in a research note on Friday. They set a “buy” rating and a $80.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $78.14.
Shares of Waste Connections (WCN) traded up $0.38 during trading on Monday, hitting $71.34. 568,000 shares of the stock were exchanged, compared to its average volume of 795,521. The firm has a market cap of $18,780.00, a price-to-earnings ratio of 54.05, a PEG ratio of 4.23 and a beta of 0.18. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.66. Waste Connections has a 1-year low of $52.24 and a 1-year high of $74.20.
In related news, COO Darrell W. Chambliss sold 5,625 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $70.99, for a total transaction of $399,318.75. Following the sale, the chief operating officer now owns 101,292 shares in the company, valued at $7,190,719.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert Davis sold 700 shares of the stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $71.72, for a total transaction of $50,204.00. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.
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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