Waste Connections found using ticker (WCN) have now 5 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 235.97 and 164.92 with a mean TP of 184.36. With the stocks previous close at 123.73 this indicates there is a potential upside of 49.0%. The 50 day MA is 129.94 and the 200 moving average now moves to 127.06. The market capitalisation for the company is $32,050m. Visit the company website at: https://www.wasteconnections.com
The potential market cap would be $47,755m based on the market concensus.
Waste Connections provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through five segments: Southern, Western, Eastern, Canada, Central, and Corporate. It offers collection services to residential, commercial, municipal, industrial, and E&P customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals. The company also owns and operates transfer stations that receive compact and/or load waste to be transported to landfills or treatment facilities through truck, rail, or barge; and intermodal services for the rail haul movement of cargo and solid waste containers in the Pacific Northwest through a network of intermodal facilities. In addition, it provides E&P waste treatment, recovery, and disposal services for waste resulting from oil and natural gas exploration and production activity, such as drilling fluids, drill cuttings, completion fluids, and flowback water; production wastes and produced water during a well’s operating life; contaminated soils that require treatment during site reclamation; and substances, which require clean-up after a spill, reserve pit clean-up, or pipeline rupture. Further, the company offers leasing services to its customers. As of December 31, 2020, it owned 311 solid waste collection operations; 132 transfer stations; 57 municipal solid waste (MSW) landfills; 12 E&P waste landfills; 13 non-MSW landfills; 68 recycling operations; 4 intermodal operations; 23 E&P liquid waste injection wells; and 19 E&P waste treatment and oil recovery facilities. It also operated an additional 53 transfer stations, 9 MSW landfills, and 2 intermodal operations. Waste Connections was founded in 1997 and is based in Woodbridge, Canada.
