Waste Connections (NYSE:WCN) Price Target Raised to $216.00 at BMO Capital Markets

Waste Connections (NYSE:WCN - Get Free Report) had its price target lifted by research analysts at BMO Capital Markets from $214.00 to $216.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the business services provider's stock. BMO Capital Markets' target price would suggest a potential upside of 11.34% from the company's previous close.

WCN has been the topic of a number of other research reports. Truist Financial reiterated a "buy" rating and set a $210.00 price objective (up previously from $200.00) on shares of Waste Connections in a research note on Friday, February 14th. StockNews.com cut shares of Waste Connections from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. William Blair started coverage on shares of Waste Connections in a report on Thursday, April 3rd. They issued an "outperform" rating on the stock. Scotiabank boosted their price target on Waste Connections from $192.00 to $207.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 8th. Finally, Citigroup reduced their target price on Waste Connections from $218.00 to $209.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Waste Connections has an average rating of "Moderate Buy" and an average price target of $206.57.

Waste Connections Stock Down 0.2 %

Shares of Waste Connections stock traded down $0.47 during trading on Friday, reaching $194.00. The stock had a trading volume of 1,425,979 shares, compared to its average volume of 975,180. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $50.12 billion, a price-to-earnings ratio of 81.17, a P/E/G ratio of 3.07 and a beta of 0.67. Waste Connections has a 52 week low of $160.34 and a 52 week high of $201.66. The stock has a fifty day moving average price of $190.88 and a two-hundred day moving average price of $185.00.

Waste Connections (NYSE:WCN - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.07 by $0.06. The business had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.22 billion. Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. The firm's revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.04 earnings per share. Sell-side analysts predict that Waste Connections will post 5.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Waste Connections

Hedge funds and other institutional investors have recently made changes to their positions in the business. Teacher Retirement System of Texas boosted its position in shares of Waste Connections by 166.3% during the first quarter. Teacher Retirement System of Texas now owns 423,307 shares of the business services provider's stock valued at $82,625,000 after buying an additional 264,345 shares during the last quarter. First Horizon Advisors Inc. grew its position in Waste Connections by 23.2% in the 1st quarter. First Horizon Advisors Inc. now owns 462 shares of the business services provider's stock worth $90,000 after purchasing an additional 87 shares in the last quarter. Private Trust Co. NA lifted its position in shares of Waste Connections by 89.5% during the 1st quarter. Private Trust Co. NA now owns 288 shares of the business services provider's stock worth $56,000 after buying an additional 136 shares in the last quarter. Miller Howard Investments Inc. NY bought a new position in shares of Waste Connections during the 1st quarter worth approximately $4,653,000. Finally, WCM Investment Management LLC grew its holdings in shares of Waste Connections by 0.3% in the first quarter. WCM Investment Management LLC now owns 6,383,780 shares of the business services provider's stock valued at $1,230,984,000 after acquiring an additional 18,400 shares in the last quarter. 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.