Barclays Believes Waste Connections (TSX: WCN) Won’t Stop Here

By Carrie Williams

Waste Connections (TSX: WCN), the Materials sector company, was revisited by a Wall Street analyst on June 20. Analyst Jon Windham from Barclays rated Waste Connections (TSX: WCN) a Buy on on June 20, setting a C$96 price target.

According to TipRanks.com, Windham is a 1-star analyst with an average return of -0.5% and a 57.1% success rate. Windham covers the Basic Materials sector, focusing on stocks such as Advanced Disposal Services Inc, Waste Connections Inc, and Republic Services.

Currently, the analyst consensus on Waste Connections is Strong Buy and the average price target is C$118, representing a 36.9% upside.

In a report issued on June 20, CIBC also reiterated a Buy rating on the stock.

The company has a one year high of C$88.94 and a one year low of C$59.44. Currently, Waste Connections has an average volume of 285K.

Waste Connections, Inc. is an integrated municipal solid waste services company, which provides solid waste collection, transfer, disposal and recycling services in mostly exclusive and secondary markets in the U.S. and Canada. It also provides intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest. The company was founded by Ronald J. Mittelstaedt on September 9, 1997 and is headquartered in Vaughan, Canada.,0G9D7R-E

The company’s shares closed last Thursday at $86.19, close to its 52-week high of $88.94.