Waste Connections (NYSE:WCN – Get Rating) had its target price boosted by equities research analysts at Royal Bank of Canada from $147.00 to $152.00 in a research note issued to investors on Thursday, Marketbeat reports. The firm presently has an “outperform” rating on the business services provider’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 9.88% from the stock’s current price.
A number of other research firms also recently issued reports on WCN. Scotiabank downgraded shares of Waste Connections from a “sector outperform” rating to a “sector perform” rating and set a $135.00 price target for the company. in a research report on Thursday, April 7th. BMO Capital Markets lifted their price objective on Waste Connections from $143.00 to $151.00 and gave the stock an “outperform” rating in a research report on Thursday. Raymond James lifted their price objective on Waste Connections from $145.00 to $160.00 and gave the stock a “strong-buy” rating in a research report on Friday, April 22nd. Morgan Stanley lifted their price objective on Waste Connections from $146.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Oppenheimer set a $135.00 price objective on Waste Connections in a research report on Tuesday, July 19th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $147.13.
Waste Connections Price Performance
WCN stock opened at $138.33 on Thursday. The firm has a 50 day moving average of $125.48 and a 200-day moving average of $128.63. Waste Connections has a 12-month low of $113.50 and a 12-month high of $145.62. The company has a current ratio of 0.94, a quick ratio of 1.12 and a debt-to-equity ratio of 0.82. The company has a market cap of $35.57 billion, a price-to-earnings ratio of 52.40, a PEG ratio of 2.94 and a beta of 0.72.
Institutional Trading of Waste Connections
Hedge funds and other institutional investors have recently bought and sold shares of the company. Industrial Alliance Investment Management Inc. purchased a new stake in shares of Waste Connections during the 4th quarter valued at $28,000. Venture Visionary Partners LLC purchased a new stake in shares of Waste Connections during the 2nd quarter valued at $35,000. Pacifica Partners Inc. grew its stake in shares of Waste Connections by 49.0% during the 1st quarter. Pacifica Partners Inc. now owns 365 shares of the business services provider’s stock valued at $46,000 after buying an additional 120 shares during the period. Marshall & Sullivan Inc. WA purchased a new stake in shares of Waste Connections during the 2nd quarter valued at $46,000. Finally, GHP Investment Advisors Inc. purchased a new stake in shares of Waste Connections during the 1st quarter valued at $63,000. 84.70% of the stock is owned by hedge funds and other institutional investors.
About Waste Connections
Waste Connections, Inc provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (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.
- Get a free copy of the StockNews.com research report on Waste Connections (WCN)
- MarketBeat: Week in Review 8/1 – 8/5
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Why Apple Could Be At All-Time Highs By Year End
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
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.