Deutsche Bank Aktiengesellschaft Raises Waste Connections (NYSE:WCN) Price Target to $130.00


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Waste Connections (NYSE:WCN) had its price target hoisted by investment analysts at Deutsche Bank Aktiengesellschaft from $115.00 to $130.00 in a research note issued on Monday, The Fly reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 6.78% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on the company. BMO Capital Markets boosted their price objective on Waste Connections from $118.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, March 29th. They noted that the move was a valuation call. Royal Bank of Canada boosted their price objective on Waste Connections from $113.00 to $129.00 and gave the company an “outperform” rating in a research note on Friday, April 30th. The Goldman Sachs Group initiated coverage on Waste Connections in a report on Tuesday, April 13th. They issued a “buy” rating and a $124.00 target price on the stock. Morgan Stanley boosted their target price on Waste Connections from $120.00 to $131.00 and gave the company an “overweight” rating in a report on Friday, April 30th. Finally, Raymond James boosted their target price on Waste Connections from $132.00 to $136.00 and gave the company a “strong-buy” rating in a report on Friday, April 30th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $120.17.

WCN stock opened at $121.75 on Monday. The business has a 50 day moving average price of $111.79 and a 200 day moving average price of $104.50. The stock has a market cap of $31.96 billion, a price-to-earnings ratio of 156.09, a PEG ratio of 4.95 and a beta of 0.44. Waste Connections has a fifty-two week low of $85.35 and a fifty-two week high of $121.81. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.73.

Waste Connections (NYSE:WCN) last posted its earnings results on Tuesday, April 27th. The business services provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.03. Waste Connections had a return on equity of 10.44% and a net margin of 3.83%. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the business earned $0.65 earnings per share. The firm’s revenue was up 3.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Waste Connections will post 2.5 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the business. Conestoga Capital Advisors LLC grew its holdings in Waste Connections by 1.6% in the first quarter. Conestoga Capital Advisors LLC now owns 5,415 shares of the business services provider’s stock valued at $585,000 after purchasing an additional 85 shares during the last quarter. Vestmark Advisory Solutions Inc. grew its holdings in Waste Connections by 4.4% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 2,476 shares of the business services provider’s stock valued at $254,000 after purchasing an additional 105 shares during the last quarter. Argent Trust Co grew its holdings in Waste Connections by 4.3% in the fourth quarter. Argent Trust Co now owns 2,940 shares of the business services provider’s stock valued at $301,000 after purchasing an additional 120 shares during the last quarter. Panagora Asset Management Inc. grew its holdings in Waste Connections by 1.6% in the fourth quarter. Panagora Asset Management Inc. now owns 9,308 shares of the business services provider’s stock valued at $955,000 after purchasing an additional 143 shares during the last quarter. Finally, Mid Atlantic Financial Management Inc. ADV grew its holdings in Waste Connections by 4.9% in the fourth quarter. Mid Atlantic Financial Management Inc. ADV now owns 3,235 shares of the business services provider’s stock valued at $332,000 after purchasing an additional 150 shares during the last quarter. 80.77% of the stock is currently owned by institutional investors.

Waste Connections Company Profile

Waste Connections, Inc provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through five segments: Southern, Western, Eastern, Canada, Central, and Corporate. 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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