Brokerages Set Waste Connections, Inc. (NYSE:WCN) PT at $206.50

Shares of Waste Connections, Inc. (NYSE:WCN) have been assigned an average rating of “Moderate Buy” from the twenty-two ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have issued a buy rating and four have issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $206.50.

A number of equities analysts have issued reports on the stock. Canadian Imperial Bank of Commerce set a $208.00 target price on shares of Waste Connections in a report on Thursday, January 8th. Oppenheimer reaffirmed an “outperform” rating and set a $205.00 target price (down from $206.00) on shares of Waste Connections in a research report on Friday, January 23rd. Barclays reiterated a “negative” rating on shares of Waste Connections in a research report on Thursday, October 23rd. BNP Paribas Exane started coverage on Waste Connections in a report on Tuesday, January 6th. They set an “outperform” rating on the stock. Finally, Citigroup reiterated a “neutral” rating and issued a $183.00 target price (down from $196.00) on shares of Waste Connections in a report on Friday, January 16th.

Waste Connections Trading Up 0.6%

Shares of Waste Connections stock opened at $171.65 on Monday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.07. The company has a fifty day simple moving average of $171.31 and a 200-day simple moving average of $174.95. The stock has a market cap of $43.89 billion, a price-to-earnings ratio of 71.52, a PEG ratio of 3.08 and a beta of 0.62. Waste Connections has a 12-month low of $162.06 and a 12-month high of $201.66.

Waste Connections (NYSE:WCN) last released its earnings results on Wednesday, February 11th. The business services provider reported $1.29 earnings per share for the quarter, hitting the consensus estimate of $1.29. Waste Connections had a return on equity of 16.07% and a net margin of 6.65%.Waste Connections’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.16 EPS. On average, equities analysts forecast that Waste Connections will post 5.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Waste Connections

A number of hedge funds have recently made changes to their positions in WCN. City Holding Co. bought a new stake in Waste Connections during the 4th quarter worth about $26,000. Measured Wealth Private Client Group LLC bought a new position in Waste Connections in the 3rd quarter worth approximately $26,000. Asset Dedication LLC acquired a new position in Waste Connections during the 2nd quarter worth $28,000. KERR FINANCIAL PLANNING Corp bought a new position in Waste Connections in the 3rd quarter valued at $30,000. Finally, Greykasell Wealth Strategies Inc. lifted its stake in shares of Waste Connections by 555.2% during the third quarter. Greykasell Wealth Strategies Inc. now owns 190 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 161 shares during the period. Institutional investors and hedge funds own 86.09% of the company’s stock.

Waste Connections Company Profile

Waste Connections (NYSE: WCN) is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.

The company’s operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.