Jefferies Financial Group Lowers Waste Connections (NYSE:WCN) Price Target to $210.00

Waste Connections (NYSE:WCN) had its price target dropped by equities researchers at Jefferies Financial Group from $225.00 to $210.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. Jefferies Financial Group’s target price suggests a potential upside of 18.07% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. Oppenheimer boosted their target price on shares of Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Citigroup upped their target price on Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Stifel Nicolaus lifted their price target on Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Royal Bank of Canada boosted their price target on Waste Connections from $199.00 to $201.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Scotiabank started coverage on shares of Waste Connections in a report on Friday, October 4th. They issued a “sector perform” rating and a $196.00 price objective for the company. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $199.31.

Waste Connections Trading Down 0.9 %

Shares of WCN opened at $177.86 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.77. Waste Connections has a 52-week low of $151.32 and a 52-week high of $194.83. The firm has a market cap of $45.90 billion, a price-to-earnings ratio of 48.86, a PEG ratio of 2.67 and a beta of 0.76. The business’s fifty day moving average is $180.51 and its 200-day moving average is $180.84.

Waste Connections (NYSE:WCN) last issued its earnings results on Wednesday, October 23rd. The business services provider reported $1.35 EPS for the quarter, topping the consensus estimate of $1.30 by $0.05. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.30 billion. Waste Connections had a return on equity of 15.43% and a net margin of 10.81%. The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.17 earnings per share. Equities analysts anticipate that Waste Connections will post 4.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Global Trust Asset Management LLC bought a new position in shares of Waste Connections during the 3rd quarter worth about $36,000. FSA Wealth Management LLC bought a new position in Waste Connections in the third quarter worth approximately $40,000. Continuum Advisory LLC boosted its holdings in Waste Connections by 58.0% in the third quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock worth $42,000 after acquiring an additional 83 shares in the last quarter. Asset Dedication LLC acquired a new stake in Waste Connections in the third quarter valued at approximately $41,000. Finally, Kennebec Savings Bank bought a new stake in shares of Waste Connections during the third quarter valued at approximately $47,000. 86.09% of the stock is owned by institutional investors.

Waste Connections Company Profile

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.