Waste Connections (NYSE:WCN) PT Raised to $180.00 at Oppenheimer

Waste Connections (NYSE:WCNGet Free Report) had its price objective upped by analysts at Oppenheimer from $170.00 to $180.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s price target would indicate a potential upside of 4.58% from the company’s previous close.

WCN has been the topic of several other research reports. StockNews.com lowered Waste Connections from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. Morgan Stanley raised their price target on Waste Connections from $171.00 to $175.00 and gave the stock an “overweight” rating in a report on Monday, December 4th. BMO Capital Markets raised their price target on Waste Connections from $166.00 to $178.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Stifel Nicolaus raised their price target on Waste Connections from $175.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Finally, Royal Bank of Canada raised their price target on Waste Connections from $169.00 to $182.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Six research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Waste Connections currently has an average rating of “Moderate Buy” and an average price target of $175.82.

View Our Latest Research Report on WCN

Waste Connections Stock Up 0.2 %

Waste Connections stock opened at $172.12 on Monday. Waste Connections has a 1-year low of $126.12 and a 1-year high of $172.41. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market cap of $44.41 billion, a PE ratio of 58.15, a P/E/G ratio of 2.80 and a beta of 0.66. The stock’s fifty day moving average is $160.78 and its two-hundred day moving average is $146.38.

Waste Connections (NYSE:WCNGet Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.03. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.04 billion. Waste Connections had a return on equity of 14.42% and a net margin of 9.51%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.89 earnings per share. On average, sell-side analysts expect that Waste Connections will post 4.85 EPS for the current fiscal year.

Insider Activity

In other news, SVP Philip Rivard sold 5,097 shares of Waste Connections stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $146.26, for a total transaction of $745,487.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Philip Rivard sold 5,097 shares of Waste Connections stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $146.26, for a total transaction of $745,487.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrea E. Bertone sold 902 shares of Waste Connections stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $169.17, for a total value of $152,591.34. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Waste Connections by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 28,410,846 shares of the business services provider’s stock worth $4,240,887,000 after acquiring an additional 356,695 shares during the period. Royal Bank of Canada grew its stake in Waste Connections by 20.5% in the 3rd quarter. Royal Bank of Canada now owns 11,294,922 shares of the business services provider’s stock worth $1,516,908,000 after acquiring an additional 1,920,302 shares during the period. WCM Investment Management LLC grew its stake in Waste Connections by 12.8% in the 3rd quarter. WCM Investment Management LLC now owns 10,218,545 shares of the business services provider’s stock worth $1,378,788,000 after acquiring an additional 1,157,470 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Waste Connections by 19.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,473,247 shares of the business services provider’s stock worth $966,263,000 after acquiring an additional 1,071,269 shares during the period. Finally, TD Asset Management Inc grew its stake in Waste Connections by 9.8% in the 4th quarter. TD Asset Management Inc now owns 5,715,923 shares of the business services provider’s stock worth $856,641,000 after acquiring an additional 509,929 shares during the period. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Waste Connections Company Profile

(Get Free Report)

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.

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