Waste Connections, Inc. (NYSE:WCN – Get Rating) has received an average recommendation of “Buy” from the eleven brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $150.50.
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A number of analysts recently commented on the stock. Raymond James dropped their price target on shares of Waste Connections from $157.00 to $152.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, January 31st. Jefferies Financial Group reiterated a “buy” rating and issued a $165.00 target price on shares of Waste Connections in a research note on Tuesday, October 25th. Royal Bank of Canada upped their target price on Waste Connections from $150.00 to $153.00 and gave the stock an “outperform” rating in a research note on Friday, November 4th. StockNews.com began coverage on shares of Waste Connections in a research report on Wednesday, October 12th. They set a “buy” rating for the company. Finally, Morgan Stanley reduced their target price on Waste Connections from $163.00 to $158.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 4th.
Waste Connections Trading Up 0.2 %
Shares of Waste Connections stock opened at $132.23 on Friday. The firm has a market cap of $34.01 billion, a PE ratio of 42.38, a P/E/G ratio of 2.46 and a beta of 0.67. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.89 and a quick ratio of 0.89. Waste Connections has a 1 year low of $113.50 and a 1 year high of $148.20. The stock has a fifty day moving average price of $134.38 and a 200-day moving average price of $136.21.
Waste Connections (NYSE:WCN – Get Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The business services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Waste Connections had a return on equity of 14.10% and a net margin of 11.59%. Equities research analysts anticipate that Waste Connections will post 3.8 EPS for the current year.
Insider Transactions at Waste Connections
In other Waste Connections news, SVP Eric Hansen sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $136.93, for a total transaction of $547,720.00. Following the completion of the transaction, the senior vice president now owns 6,460 shares of the company’s stock, valued at approximately $884,567.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Waste Connections
Several institutional investors and hedge funds have recently modified their holdings of the stock. BMS Financial Advisors LLC raised its stake in Waste Connections by 2.3% in the third quarter. BMS Financial Advisors LLC now owns 3,887 shares of the business services provider’s stock worth $528,000 after buying an additional 86 shares in the last quarter. Pacifica Partners Inc. boosted its position in shares of Waste Connections by 12.8% during the third quarter. Pacifica Partners Inc. now owns 818 shares of the business services provider’s stock valued at $109,000 after purchasing an additional 93 shares in the last quarter. Schechter Investment Advisors LLC grew its stake in Waste Connections by 0.5% in the third quarter. Schechter Investment Advisors LLC now owns 19,981 shares of the business services provider’s stock worth $2,701,000 after purchasing an additional 93 shares during the period. Allworth Financial LP raised its holdings in Waste Connections by 2.8% in the fourth quarter. Allworth Financial LP now owns 3,899 shares of the business services provider’s stock worth $517,000 after purchasing an additional 108 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its holdings in shares of Waste Connections by 3.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 3,597 shares of the business services provider’s stock valued at $486,000 after buying an additional 111 shares in the last quarter. 85.58% of the stock is owned by hedge funds and other institutional investors.
About Waste Connections
Waste Connections, Inc engages in the provision of non-hazardous waste collection, transfer, and disposal services. It offers its services to residential, commercial, landfill and transfer stations, and industries such as office, apartments multi-family, construction and demolition, property management, retail, restaurant, and manufacturing.
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