Waste Connections (NYSE:WCN) Price Target Raised to $182.00 at Citigroup

Waste Connections (NYSE:WCNGet Free Report) had its price objective increased by equities research analysts at Citigroup from $180.00 to $182.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “neutral” rating on the business services provider’s stock. Citigroup’s target price points to a potential upside of 6.82% from the stock’s current price.

WCN has been the topic of several other research reports. Royal Bank Of Canada reissued an “outperform” rating and set a $218.00 target price (up from $210.00) on shares of Waste Connections in a report on Friday, April 24th. BMO Capital Markets reissued an “outperform” rating and issued a $208.00 target price (up from $206.00) on shares of Waste Connections in a report on Friday, April 24th. Barclays set a $180.00 price objective on shares of Waste Connections and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. The Goldman Sachs Group reissued a “buy” rating and issued a $211.00 target price on shares of Waste Connections in a research note on Thursday, April 23rd. Finally, JPMorgan Chase & Co. increased their price target on Waste Connections from $195.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $202.79.

View Our Latest Research Report on WCN

Waste Connections Trading Down 0.7%

Shares of WCN stock traded down $1.19 during mid-day trading on Thursday, hitting $170.38. 583,802 shares of the company’s stock were exchanged, compared to its average volume of 1,675,053. The stock has a 50-day simple moving average of $157.99 and a two-hundred day simple moving average of $163.74. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.13. Waste Connections has a fifty-two week low of $146.89 and a fifty-two week high of $191.91. The stock has a market cap of $43.23 billion, a price-to-earnings ratio of 41.57, a PEG ratio of 3.07 and a beta of 0.49.

Waste Connections (NYSE:WCNGet Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $1.23 EPS for the quarter, beating the consensus estimate of $1.19 by $0.04. Waste Connections had a return on equity of 16.49% and a net margin of 10.97%.The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the previous year, the business earned $1.13 EPS. The firm’s revenue was up 6.4% on a year-over-year basis. Equities analysts expect that Waste Connections will post 5.49 EPS for the current fiscal year.

Insider Activity

In other news, COO Jason Craft sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $156.59, for a total transaction of $234,885.00. Following the transaction, the chief operating officer directly owned 32,861 shares of the company’s stock, valued at approximately $5,145,703.99. The trade was a 4.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Patrick James Shea sold 7,500 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $156.26, for a total value of $1,171,950.00. Following the completion of the sale, the vice president owned 19,737 shares of the company’s stock, valued at $3,084,103.62. The trade was a 27.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 17,605 shares of company stock valued at $2,822,923. 0.27% of the stock is owned by insiders.

Hedge Funds Weigh In On Waste Connections

Several hedge funds have recently modified their holdings of WCN. City Holding Co. bought a new stake in Waste Connections in the 4th quarter valued at $26,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Waste Connections in the 3rd quarter valued at approximately $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in Waste Connections during the third quarter worth $30,000. Whipplewood Advisors LLC grew its holdings in Waste Connections by 1,166.7% during the 1st quarter. Whipplewood Advisors LLC now owns 190 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 175 shares during the last quarter. Finally, Transamerica Financial Advisors LLC grew its stake in shares of Waste Connections by 346.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 174 shares of the business services provider’s stock valued at $31,000 after buying an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Waste Connections Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Waste Connections (NYSE:WCN)

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