Goldman Sachs analyst Jerry Revich has reiterated their bullish stance on WCN stock, giving a Buy rating today.
Jerry Revich has given his Buy rating due to a combination of factors that point towards a promising financial future for Waste Connections. He identifies the company’s potential for sustained double-digit growth in cash flow over the medium term as a primary motivator for his recommendation. This anticipated growth is attributed to the company’s ability to consistently achieve pricing that outpaces inflation, strategic mergers and acquisitions that enhance value, and the transition of landfill gas projects from capital expenditures to generating free cash flow. The company’s first-quarter earnings before interest, taxes, depreciation, and amortization (EBITDA) also exceeded consensus estimates, further bolstering confidence in its financial performance.
The financial analysis shows that Waste Connections’ first-quarter EBITDA not only beat consensus predictions by 2% but also achieved a 20 basis points improvement in margins. These financial indicators, alongside Revich’s outlined growth drivers, provide a compelling rationale for his Buy rating. The combination of sound financial results and strategic company initiatives positions Waste Connections as an attractive investment with a robust growth outlook, which is why Revich holds a positive stance on the stock’s future.
In another report released today, Stifel Nicolaus also maintained a Buy rating on the stock with a $190.00 price target.
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Waste Connections (WCN) Company Description:
Waste Connections, Inc. is an integrated solid waste management services company. It provides waste collection, waste disposal, transfer, and recycling services in the US and Canada.
