Waste Connections, Inc. (NYSE:WCN) Given Average Recommendation of “Buy” by Analysts

Shares of Waste Connections, Inc. (NYSE:WCN) have earned a consensus recommendation of “Buy” from the twenty-three ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, fourteen have given a buy recommendation and five have issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $206.50.

A number of analysts recently commented on the company. The Goldman Sachs Group began coverage on Waste Connections in a research report on Monday, November 24th. They set a “buy” rating and a $202.00 price objective for the company. Canadian Imperial Bank of Commerce set a $208.00 price target on shares of Waste Connections in a research report on Thursday, January 8th. Stifel Nicolaus lowered their price objective on shares of Waste Connections from $221.00 to $218.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. BNP Paribas Exane started coverage on shares of Waste Connections in a research report on Tuesday, January 6th. They set an “outperform” rating for the company. Finally, Scotiabank decreased their price target on shares of Waste Connections from $210.00 to $204.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, January 21st.

Waste Connections Trading Up 0.1%

NYSE:WCN opened at $169.34 on Monday. The stock has a market cap of $43.30 billion, a price-to-earnings ratio of 70.56, a PEG ratio of 3.06 and a beta of 0.62. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.07. The company’s 50 day moving average price is $171.45 and its 200-day moving average price is $175.21. Waste Connections has a 52 week low of $162.06 and a 52 week high of $201.66.

Institutional Trading of Waste Connections

Hedge funds have recently bought and sold shares of the stock. City Holding Co. bought a new position in shares of Waste Connections in the fourth quarter worth about $26,000. Measured Wealth Private Client Group LLC purchased a new stake in Waste Connections in the 3rd quarter worth approximately $26,000. Asset Dedication LLC purchased a new stake in Waste Connections in the 2nd quarter worth approximately $28,000. KERR FINANCIAL PLANNING Corp bought a new stake in Waste Connections during the 3rd quarter worth approximately $30,000. Finally, Greykasell Wealth Strategies Inc. lifted its holdings in Waste Connections by 555.2% during the third quarter. Greykasell Wealth Strategies Inc. now owns 190 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 161 shares in the last quarter. Institutional investors own 86.09% of the company’s stock.

About Waste Connections

Waste Connections (NYSE: WCN) is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.

The company’s operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.