Waste Connections (NYSE:WCN) PT Raised to $112.00

Waste Connections (NYSE:WCN) had its price objective upped by equities research analysts at Bank of America from $98.00 to $112.00 in a research report issued to clients and investors on Thursday, Stock Target Advisor reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Bank of America‘s price objective indicates a potential upside of 7.89% from the company’s previous close.

A number of other research analysts also recently weighed in on WCN. Jefferies Financial Group assumed coverage on Waste Connections in a research note on Wednesday, November 27th. They issued a “buy” rating and a $106.00 price target on the stock. BMO Capital Markets increased their price target on Waste Connections from $104.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. Raymond James increased their price target on Waste Connections from $106.00 to $108.00 and gave the company a “strong-buy” rating in a research note on Tuesday, October 22nd. Deutsche Bank assumed coverage on Waste Connections in a research note on Friday, January 17th. They issued a “buy” rating and a $106.00 price target on the stock. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $100.00 price target on shares of Waste Connections in a research note on Sunday, December 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $104.80.

NYSE:WCN opened at $103.81 on Thursday. The stock’s fifty day moving average price is $96.03 and its two-hundred day moving average price is $92.25. Waste Connections has a 52-week low of $81.26 and a 52-week high of $103.99. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $27.37 billion, a price-to-earnings ratio of 48.51, a P/E/G ratio of 3.86 and a beta of 0.08.

Waste Connections (NYSE:WCN) last posted its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.07. Waste Connections had a return on equity of 10.62% and a net margin of 10.70%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the business earned $0.63 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts predict that Waste Connections will post 2.66 EPS for the current fiscal year.

In related news, VP David Eddie sold 934 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $90.55, for a total transaction of $84,573.70. Following the sale, the vice president now owns 41,023 shares of the company’s stock, valued at approximately $3,714,632.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.30% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Advisor Partners LLC increased its holdings in Waste Connections by 2.8% during the 4th quarter. Advisor Partners LLC now owns 3,883 shares of the business services provider’s stock worth $374,000 after purchasing an additional 105 shares in the last quarter. Coe Capital Management LLC increased its holdings in Waste Connections by 0.4% during the 3rd quarter. Coe Capital Management LLC now owns 25,759 shares of the business services provider’s stock worth $2,370,000 after purchasing an additional 107 shares in the last quarter. Altman Advisors Inc. increased its holdings in Waste Connections by 0.5% during the 4th quarter. Altman Advisors Inc. now owns 20,177 shares of the business services provider’s stock worth $1,832,000 after purchasing an additional 110 shares in the last quarter. Institute for Wealth Management LLC. increased its holdings in Waste Connections by 6.0% during the 3rd quarter. Institute for Wealth Management LLC. now owns 2,281 shares of the business services provider’s stock worth $210,000 after purchasing an additional 129 shares in the last quarter. Finally, Sterling Investment Management Inc. increased its holdings in Waste Connections by 0.8% during the 4th quarter. Sterling Investment Management Inc. now owns 16,351 shares of the business services provider’s stock worth $1,485,000 after purchasing an additional 134 shares in the last quarter. 82.77% of the stock is currently owned by institutional investors and hedge funds.

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 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.

Read More: Why is the LIBOR significant?

Stock Target Advisor

Analyst Recommendations for Waste Connections (NYSE:WCN)

Receive News & Ratings for Waste Connections Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Connections and related companies with MarketBeat.com's FREE daily email newsletter.