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Waste Connections (WCN) Gets a Buy from CIBC

Tipranks - Tipranks - Sat Apr 25, 10:18AM CDT

CIBC analyst Kevin Chiang maintained a Buy rating on Waste Connections today and set a price target of $198.00.

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Chiang covers the Industrials sector, focusing on stocks such as Waste Connections, Cargojet, and GFL Environmental. According to TipRanks, Chiang has an average return of 7.6% and a 57.87% success rate on recommended stocks.

In addition to CIBC, 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).

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WCN market cap is currently C$58.96B and has a P/E ratio of 48.08.

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.

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