Waste Connections (NYSE:WCN) PT Raised to $201.00

Waste Connections (NYSE:WCN - Get Free Report) had its price target increased by investment analysts at Royal Bank of Canada from $199.00 to $201.00 in a research note issued on Friday, Benzinga reports. The firm presently has an "outperform" rating on the business services provider's stock. Royal Bank of Canada's target price indicates a potential upside of 14.33% from the stock's previous close.

Several other research firms have also recently weighed in on WCN. CIBC increased their price objective on shares of Waste Connections from $191.00 to $193.00 and gave the stock an "outperformer" rating in a research report on Friday, July 26th. Truist Financial boosted their price target on Waste Connections from $180.00 to $200.00 and gave the company a "buy" rating in a report on Thursday, July 11th. BMO Capital Markets decreased their price objective on Waste Connections from $198.00 to $196.00 and set an "outperform" rating for the company in a report on Friday. Citigroup boosted their target price on Waste Connections from $190.00 to $195.00 and gave the company a "neutral" rating in a research note on Thursday, October 3rd. 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 on the stock. Six investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Waste Connections presently has an average rating of "Moderate Buy" and an average target price of $195.56.

Waste Connections Trading Down 1.5 %

WCN traded down $2.76 during mid-day trading on Friday, hitting $175.80. The stock had a trading volume of 779,918 shares, compared to its average volume of 882,017. The stock's fifty day simple moving average is $182.08 and its 200-day simple moving average is $175.07. The firm has a market capitalization of $45.36 billion, a price-to-earnings ratio of 57.11, a price-to-earnings-growth ratio of 2.90 and a beta of 0.72. Waste Connections has a 1-year low of $126.12 and a 1-year high of $187.54. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.70 and a quick ratio of 0.70.

Waste Connections (NYSE:WCN - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.05. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.30 billion. Waste Connections had a return on equity of 15.16% and a net margin of 10.23%. The company's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.17 earnings per share. As a group, research analysts forecast that Waste Connections will post 4.84 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Robert Nielsen III sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $180.15, for a total value of $180,150.00. Following the transaction, the senior vice president now owns 4,321 shares of the company's stock, valued at approximately $778,428.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Waste Connections news, CFO Mary Anne Whitney sold 16,300 shares of the business's stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $178.05, for a total value of $2,902,215.00. Following the completion of the sale, the chief financial officer now owns 48,899 shares of the company's stock, valued at $8,706,466.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Robert Nielsen III sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $180.15, for a total transaction of $180,150.00. Following the transaction, the senior vice president now owns 4,321 shares in the company, valued at approximately $778,428.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,600 shares of company stock worth $3,842,550 over the last three months. Insiders own 0.31% of the company's stock.

Institutional Investors Weigh In On Waste Connections

Institutional investors have recently made changes to their positions in the stock. Hexagon Capital Partners LLC grew its stake in Waste Connections by 116.2% during the first quarter. Hexagon Capital Partners LLC now owns 160 shares of the business services provider's stock worth $28,000 after buying an additional 86 shares in the last quarter. Global Trust Asset Management LLC bought a new position in Waste Connections in the third quarter valued at approximately $36,000. Asset Dedication LLC acquired a new position in Waste Connections during the third quarter valued at approximately $41,000. Pathway Financial Advisers LLC bought a new stake in Waste Connections during the first quarter worth $43,000. Finally, Signature Resources Capital Management LLC acquired a new stake in shares of Waste Connections in the 2nd quarter valued at $45,000. 86.09% of the stock is currently 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.