Jefferies Reaffirms Their Buy Rating on Waste Connections (WCN)

Jefferies analyst reiterated a Buy rating on Waste Connections today and set a price target of $207.00.

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In addition to Jefferies, Waste Connections also received a Buy from ATB Cormark Capital Markets’s Chris Murray in a report issued today. However, on April 20, UBS maintained a Hold rating on Waste Connections (NYSE: WCN).

Based on Waste Connections’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$2.33 billion and a net profit of C$215.75 million. In comparison, last year the company earned a revenue of C$2.23 billion and had a net profit of C$241.51 million

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.