Stifel Nicolaus Believes Waste Connections Inc (NYSE: WCN) Won’t Stop Here

By Jason Carr

Stifel Nicolaus analyst Michael Hoffman reiterated a Buy rating on Waste Connections Inc (NYSE: WCN) yesterday and set a price target of $75. The company’s shares opened today at $64.58, close to its 52-week high of $67.14.

According to TipRanks.com, Hoffman is a 4-star analyst with an average return of 8.2% and a 67.5% success rate. Hoffman covers the Basic Materials sector, focusing on stocks such as Advanced Disposal Services Inc, Greenhunter Energy Inc, and Heritage-Crystal Clean.

Waste Connections Inc has an analyst consensus of Strong Buy, with a price target consensus of $74.14.

Based on Waste Connections Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.18 billion and quarterly net profit of $124 million. In comparison, last year the company earned revenue of $728 million and had a net profit of $27.49 million.

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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.