Wells Fargo Sticks to Its Buy Rating for Waste Connections (WCN)

In a report released yesterday, Jerry Revich from Wells Fargo maintained a Buy rating on Waste Connections, with a price target of $186.00. The company’s shares opened today at C$223.00.

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According to TipRanks, Revich is a 5-star analyst with an average return of 8.7% and a 56.73% success rate. Revich covers the Industrials sector, focusing on stocks such as Caterpillar, Cummins, and Herc Holdings.

Waste Connections has an analyst consensus of Strong Buy, with a price target consensus of $201.06, which is a -9.84% downside from current levels. In a report released on April 10, J.P. Morgan also maintained a Buy rating on the stock with a $195.00 price target.

The company has a one-year high of C$276.72 and a one-year low of C$211.93. Currently, Waste Connections has an average volume of 357.7K.

Based on the recent corporate insider activity of 46 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. Last month, DEREK TAN, the SR VP Chief Accounting Officer of WCN sold 1,173.00 shares for a total of $200,618.19.