Waste Connections (NYSE:WCN – Get Rating) had its price target lifted by investment analysts at Raymond James from $145.00 to $160.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “strong-buy” rating on the business services provider’s stock. Raymond James’ price objective would suggest a potential upside of 14.80% from the company’s previous close.
Other analysts also recently issued research reports about the company. BMO Capital Markets decreased their price target on Waste Connections from $149.00 to $142.00 and set an “outperform” rating for the company in a research note on Friday, February 18th. Royal Bank of Canada upped their price objective on shares of Waste Connections from $147.00 to $148.00 and gave the stock an “outperform” rating in a report on Friday, February 18th. JPMorgan Chase & Co. initiated coverage on shares of Waste Connections in a report on Tuesday, March 1st. They issued an “overweight” rating on the stock. Scotiabank cut 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 report on Thursday, April 7th. Finally, StockNews.com assumed coverage on Waste Connections in a report on Thursday, March 31st. They set a “buy” rating for the company. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Waste Connections currently has a consensus rating of “Buy” and an average target price of $142.38.
Shares of Waste Connections stock opened at $139.37 on Friday. Waste Connections has a 12 month low of $115.75 and a 12 month high of $145.62. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.73. The stock has a market cap of $35.84 billion, a PE ratio of 58.81, a price-to-earnings-growth ratio of 2.97 and a beta of 0.76. The business has a fifty day simple moving average of $133.48 and a 200-day simple moving average of $131.70.
Large investors have recently made changes to their positions in the company. Royal Bank of Canada raised its stake in shares of Waste Connections by 2.1% in the third quarter. Royal Bank of Canada now owns 9,991,614 shares of the business services provider’s stock valued at $1,258,245,000 after purchasing an additional 205,348 shares in the last quarter. BlackRock Inc. raised its stake in shares of Waste Connections by 23.9% in the 4th quarter. BlackRock Inc. now owns 9,147,120 shares of the business services provider’s stock valued at $1,246,479,000 after buying an additional 1,766,471 shares in the last quarter. Pictet Asset Management SA lifted its holdings in shares of Waste Connections by 13.6% during the 4th quarter. Pictet Asset Management SA now owns 6,027,530 shares of the business services provider’s stock worth $822,650,000 after acquiring an additional 722,146 shares during the period. TD Asset Management Inc. boosted its position in shares of Waste Connections by 10.6% during the 4th quarter. TD Asset Management Inc. now owns 5,936,086 shares of the business services provider’s stock valued at $809,910,000 after acquiring an additional 567,645 shares in the last quarter. Finally, Norges Bank bought a new stake in Waste Connections in the fourth quarter valued at about $575,800,000. 81.80% of the stock is currently owned by institutional investors.
About Waste Connections (Get Rating)
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)
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