TD Cowen analyst James Schumm maintains $Waste Connections (WCN.US)$ with a buy rating, and maintains the target price at $200.
According to TipRanks data, the analyst has a success rate of 42.6% and a total average return of 0.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Waste Connections (WCN.US)$'s main analysts recently are as follows:
The near-term growth outlook for Waste Connections is now below expectations, mainly due to reduced support from commodities. Nonetheless, it is anticipated that several core value drivers for the business will continue to be favorable up to 2025, such as robust pricing, enhancements in cost and productivity, along with mergers and acquisitions.
Waste Connections surpassed Q3 top and bottom line consensus forecasts and increased its FY24 guidance, while its initial FY24 outlook matched analysts' expectations. The company continues to demonstrate robust execution, achieving a Q3 beat despite facing various challenges. Positioned favorably for core solid waste growth and margin enhancement, Waste Connections could see beneficial estimate adjustments in the future due to its mergers and acquisitions pipeline and productivity initiatives.
The company's third-quarter results slightly exceeded expectations, and guidance for 2024 was slightly increased, with initial commentary for 2025 suggesting potential for further upside as the company progresses with its mergers and acquisitions opportunities.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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