Could Waste Connections Inc Change Direction After Today’s Huge Decline?

 Could Waste Connections Inc Change Direction After Today's Huge Decline?

The stock of Waste Connections Inc (TSE:WCN) is a huge mover today! About 45,631 shares traded hands. Waste Connections Inc (TSE:WCN) has risen 6.00% since October 29, 2016 and is uptrending. It has underperformed by 0.01% the S&P500.
The move comes after 8 months negative chart setup for the $18.18B company. It was reported on Nov, 28 by Barchart.com. We have $99.17 PT which if reached, will make TSE:WCN worth $727.20 million less.

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 -7.36% below today’s ($103.3) stock price. Waste Connections has been the topic of 7 analyst reports since June 9, 2016 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, October 27. On Friday, August 26 the stock rating was initiated by Macquarie Research with “Outperform”. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, September 21. The stock of Waste Connections Inc (TSE:WCN) earned “Overweight” rating by Barclays Capital on Thursday, June 9. On Tuesday, November 1 the stock rating was initiated by Goldman Sachs with “Buy”.

More notable 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 Forbes.com with their article: “Ex-Dividend Reminder: Texas Instruments, American Airlines Group and Waste …” published on November 01, 2016, 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) were released by: Prnewswire.com and their article: “Waste Connections Announces 24.1% Increase In Regular Quarterly Cash Dividend” published on October 26, 2016 as well as Prnewswire.com‘s news article titled: “Waste Connections Reports Second Quarter 2016 Results” with publication date: August 03, 2016.

Waste Connections Inc, formerly Progressive Waste Solutions Ltd, is a Canada waste management company. The company has a market cap of $18.18 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 40.24 P/E ratio. The Firm operates through three divisions: the East, the West and the North.

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