The stock of Waste Connections Inc (TSE:WCN) reached all time high today, Nov, 23 and still has $113.88 target or 9.00% above today’s $104.48 share price. This indicates more upside for the $18.58 billion company. This technical setup was reported by Barchart.com. If the $113.88 PT is reached, the company will be worth $1.67B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 14,955 shares traded hands. Waste Connections Inc (TSE:WCN) has risen 6.00% since October 24, 2016 and is uptrending. It has outperformed by 0.67% the S&P500.
Waste Connections Inc (TSE:WCN) Ratings Coverage
Out of 5 analysts covering Waste Connections (TSE:WCN), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. $118.50 is the highest target while $84 is the lowest. The $95.70 average target is -8.40% below today’s ($104.48) stock price. Waste Connections has been the topic of 7 analyst reports since June 9, 2016 according to StockzIntelligence Inc. As per Friday, August 26, the company rating was initiated by Macquarie Research. The stock of Waste Connections Inc (TSE:WCN) has “Overweight” rating given on Thursday, June 9 by Barclays Capital. The stock of Waste Connections Inc (TSE:WCN) has “Buy” rating given on Tuesday, November 1 by Goldman Sachs. The stock of Waste Connections Inc (TSE:WCN) earned “Outperform” rating by RBC Capital Markets on Wednesday, September 21. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, October 27 report.
More important recent Waste Connections Inc (TSE:WCN) news were published by: Bloomberg.com which released: “Waste Connections to Buy Progressive Waste, Move to Canada” on January 19, 2016, also Prnewswire.com published article titled: “Waste Connections Announces 24.1% Increase In Regular Quarterly Cash Dividend”, Wsj.com published: “Waste Connections, Progressive Waste Committed to Deal Despite New Inversion Rules” on April 05, 2016. More interesting news about Waste Connections Inc (TSE:WCN) was released by: Forbes.com and their article: “Ex-Dividend Reminder: Texas Instruments, American Airlines Group and Waste …” with publication date: November 01, 2016.
Waste Connections Inc, formerly Progressive Waste Solutions Ltd, is a Canada waste management company. The company has a market cap of $18.58 billion. The Firm provides waste collection, recycling and disposal services to commercial, industrial, municipal and residential clients in over 10 states in the United States, and the District of Columbia, and in over six Canadian provinces. It has a 40.97 P/E ratio. The Firm operates through three divisions: the East, the West and the North.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.