RBC Capital Believes Waste Connections Inc (NYSE: WCN) Still Has Room to Grow

By Austin Angelo

RBC Capital analyst Derek Spronck reiterated a Buy rating on Waste Connections Inc (NYSE: WCN) yesterday and set a price target of $74. The company’s shares closed yesterday at $64.85, close to its 52-week high of $67.06.

Spronck has an average return of 27.3% when recommending Waste Connections Inc.

According to TipRanks.com, Spronck is ranked #261 out of 4588 analysts.

Currently, the analyst consensus on Waste Connections Inc is Strong Buy and the average price target is $79.50, representing a 22.6% upside.

In a report issued on June 20, Barclays also maintained a Buy rating on the stock with a $68 price target.

Waste Connections Inc’s market cap is currently $17.08B and has a P/E ratio of 76.00. The company has a book value ratio of 3.0248.

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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