Waste Connections, Inc. (NYSE:WCN) Receives $199.06 Consensus PT from Analysts

Shares of Waste Connections, Inc. (NYSE:WCN) have been assigned an average rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $199.06.

WCN has been the topic of a number of analyst reports. BMO Capital Markets lowered their price objective on Waste Connections from $198.00 to $196.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Scotiabank dropped their price target on shares of Waste Connections from $196.00 to $192.00 and set a “sector perform” rating for the company in a research report on Monday, January 27th. Raymond James decreased their price target on shares of Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating on the stock in a research note on Friday, October 25th. Stifel Nicolaus upped their target price on shares of Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, Citigroup raised their target price on shares of Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a report on Monday, January 13th.

Hedge Funds Weigh In On Waste Connections

Institutional investors have recently bought and sold shares of the business. Manchester Capital Management LLC acquired a new stake in Waste Connections during the fourth quarter valued at $26,000. Stonebridge Financial Group LLC acquired a new stake in Waste Connections in the 4th quarter valued at $27,000. Global Trust Asset Management LLC acquired a new stake in Waste Connections in the 3rd quarter valued at $36,000. Sierra Ocean LLC acquired a new position in Waste Connections during the fourth quarter worth $39,000. Finally, FSA Wealth Management LLC purchased a new position in Waste Connections during the third quarter valued at $40,000. 86.09% of the stock is owned by hedge funds and other institutional investors.

Waste Connections Price Performance

Shares of Waste Connections stock opened at $183.86 on Thursday. The stock has a market cap of $47.45 billion, a P/E ratio of 50.51, a P/E/G ratio of 2.83 and a beta of 0.76. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.77. The stock’s fifty day moving average is $179.94 and its 200 day moving average is $180.97. Waste Connections has a one year low of $153.07 and a one year high of $194.83.

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.