Raymond James has updated its price target for Waste Connections (WCN, Financial), moving it upward from $216 to $224. This adjustment comes as part of an early outlook for the waste and industrial services sector's first quarter performance. Despite expectations for a relatively quiet quarter, the stock maintains a Strong Buy rating from the firm.
Analysts predict that the sector, as a whole, will meet established forecasts for the quarter, which were set roughly six weeks ago. Core trends in the industry appear to be consistent with expectations, with year-over-year pricing seeing a mid-single-digit increase. However, volume across the sector shows a slight decline.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Waste Connections Inc (WCN, Financial) is $209.15 with a high estimate of $219.00 and a low estimate of $197.00. The average target implies an upside of 6.72% from the current price of $195.99. More detailed estimate data can be found on the Waste Connections Inc (WCN) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, Waste Connections Inc's (WCN, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Waste Connections Inc (WCN, Financial) in one year is $195.34, suggesting a downside of 0.33% from the current price of $195.99. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Waste Connections Inc (WCN) Summary page.
