BMO Capital Remains a Buy on Waste Connections (WCN)

In a report released yesterday, Devin Dodge from BMO Capital maintained a Buy rating on Waste Connections, with a price target of $208.00. The company’s shares closed yesterday at C$236.40.

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According to TipRanks, Dodge is a 5-star analyst with an average return of 14.7% and a 69.38% success rate. Dodge covers the Industrials sector, focusing on stocks such as Stantec, Finning International, and Clean Harbors.

In addition to BMO Capital, Waste Connections also received a Buy from TD Cowen’s James Schumm in a report issued today. However, on July 10, Citi maintained a Hold rating on Waste Connections (NYSE: WCN).

Based on Waste Connections’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$2.5 billion and a net profit of C$288.75 million. In comparison, last year the company earned a revenue of C$2.41 billion and had a net profit of C$290.28 million

Based on the recent corporate insider activity of 54 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, Patrick James Shea, the Exec VP, GC & Sec of WCN sold 7,500.00 shares for a total of $1,171,875.00.