In a report published Wednesday, Imperial Capital analyst Scott Levine reiterated an Outperform rating and $51.00 price target on Waste Connections WCN.
In the report, Imperial Capital noted, "Our price target is 11% above recent levels. In our view, WCN has one of the most attractive financial profiles in the Environmental Services industry, given its cash-generative solid waste business model, advantageous positioning in E&P waste, and ability to enhance shareholder value via accretive capital deployment. Given its strong cash flow prospects, we think its premium multiple is warranted."
Waste Connections closed on Tuesday at $46.15.
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