Waste Connections – Consensus Indicates Potential 10.7% Upside

Broker Ratings

Waste Connections with ticker code (WCN) have now 16 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 156 and 121.53 and has a mean target at 139.53. Given that the stocks previous close was at 126.09 this would imply there is a potential upside of 10.7%. The 50 day moving average now sits at 128.77 and the 200 day moving average is 121.68. The market capitalisation for the company is $32,849m. You can visit the company’s website by visiting: http://www.wasteconnections.com

Waste Connections provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through five segments: Southern, Western, Eastern, Canada, Central, and Corporate. It offers collection services to residential, commercial, municipal, industrial, and E&P customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals. The company also owns and operates transfer stations that receive compact and/or load waste to be transported to landfills or treatment facilities through truck, rail, or barge; and intermodal services for the rail haul movement of cargo and solid waste containers in the Pacific Northwest through a network of intermodal facilities. In addition, it provides E&P waste treatment, recovery, and disposal services for waste resulting from oil and natural gas exploration and production activity, such as drilling fluids, drill cuttings, completion fluids, and flowback water; production wastes and produced water during a well’s operating life; contaminated soils that require treatment during site reclamation; and substances, which require clean-up after a spill, reserve pit clean-up, or pipeline rupture. Further, the company offers leasing services to its customers. As of December 31, 2020, it owned 311 solid waste collection operations; 132 transfer stations; 57 municipal solid waste (MSW) landfills; 12 E&P waste landfills; 13 non-MSW landfills; 68 recycling operations; 4 intermodal operations; 23 E&P liquid waste injection wells; and 19 E&P waste treatment and oil recovery facilities. It also operated an additional 53 transfer stations, 9 MSW landfills, and 2 intermodal operations. Waste Connections was founded in 1997 and is based in Woodbridge, Canada.

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