Waste Connections (NYSE:WCN) had its target price lifted by analysts at BMO Capital Markets from $104.00 to $105.00 in a research report issued to clients and investors on Monday, BenzingaRatingsTable reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ target price suggests a potential upside of 10.38% from the stock’s current price.
WCN has been the topic of several other reports. Raymond James raised their price objective on Waste Connections from $106.00 to $108.00 and gave the company a “strong-buy” rating in a report on Tuesday, October 22nd. ValuEngine raised Waste Connections from a “sell” rating to a “hold” rating in a research note on Wednesday, December 18th. CIBC set a $99.00 price target on Waste Connections and gave the stock a “buy” rating in a research note on Friday, October 18th. Stifel Nicolaus set a $105.00 price target on Waste Connections and gave the stock a “buy” rating in a research note on Monday, September 23rd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $100.00 price target on shares of Waste Connections in a research note on Sunday, December 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $99.71.
Shares of WCN opened at $95.13 on Monday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.63. Waste Connections has a 12 month low of $77.91 and a 12 month high of $97.93. The stock’s 50 day moving average is $91.16 and its two-hundred day moving average is $91.87. The firm has a market cap of $24.74 billion, a P/E ratio of 37.75, a PEG ratio of 3.65 and a beta of 0.13.
Waste Connections (NYSE:WCN) last issued its quarterly earnings data on Monday, October 28th. The business services provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.71 by $0.02. Waste Connections had a return on equity of 10.62% and a net margin of 10.70%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period last year, the company earned $0.69 earnings per share. Waste Connections’s quarterly revenue was up 10.2% compared to the same quarter last year. Equities research analysts forecast that Waste Connections will post 2.64 EPS for the current year.
In other Waste Connections news, VP David Eddie sold 934 shares of Waste Connections stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $90.55, for a total value of $84,573.70. Following the sale, the vice president now owns 41,023 shares in the company, valued at $3,714,632.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of WCN. First Trust Advisors LP purchased a new stake in shares of Waste Connections in the 1st quarter valued at $482,000. Bank of New York Mellon Corp raised its holdings in shares of Waste Connections by 14.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 355,820 shares of the business services provider’s stock valued at $34,008,000 after buying an additional 43,807 shares during the period. Commonwealth Bank of Australia raised its holdings in shares of Waste Connections by 47.7% in the 2nd quarter. Commonwealth Bank of Australia now owns 551 shares of the business services provider’s stock valued at $51,000 after buying an additional 178 shares during the period. MML Investors Services LLC raised its holdings in shares of Waste Connections by 6.0% in the 2nd quarter. MML Investors Services LLC now owns 6,311 shares of the business services provider’s stock valued at $603,000 after buying an additional 355 shares during the period. Finally, United Capital Financial Advisers LLC raised its holdings in shares of Waste Connections by 249.3% in the 2nd quarter. United Capital Financial Advisers LLC now owns 10,221 shares of the business services provider’s stock valued at $977,000 after buying an additional 7,295 shares during the period. Hedge funds and other institutional investors own 82.73% of the company’s stock.
About Waste Connections
Waste Connections, Inc provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through six segments: Southern, Western, Eastern, Canada, Central, and Exploration and Production (E&P). 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.
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