Waste Connections (NYSE:WCN) Price Target Raised to $160.00

Waste Connections (NYSE:WCNGet 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.

Waste Connections (NYSE:WCNGet Rating) last announced its quarterly earnings data on Wednesday, February 16th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.02. Waste Connections had a return on equity of 12.23% and a net margin of 10.05%. The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the prior year, the business earned $0.68 EPS. The business’s revenue for the quarter was up 16.2% on a year-over-year basis. Analysts expect that Waste Connections will post 3.73 EPS for the current fiscal year.

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.

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