Truist Financial Reaffirms Buy Rating for Waste Connections (NYSE:WCN)

Waste Connections (NYSE:WCN - Get Free Report)'s stock had its "buy" rating restated by research analysts at Truist Financial in a research note issued on Friday,Benzinga reports. They currently have a $210.00 price objective on the business services provider's stock, up from their prior price objective of $200.00. Truist Financial's price target suggests a potential upside of 11.92% from the company's current price.

Other equities analysts have also issued research reports about the stock. Raymond James decreased their price target on shares of Waste Connections from $208.00 to $205.00 and set a "strong-buy" rating for the company in a report on Friday, October 25th. Scotiabank lowered their target price on Waste Connections from $196.00 to $192.00 and set a "sector perform" rating for the company in a research note on Monday, January 27th. BMO Capital Markets cut their price target on shares of Waste Connections from $198.00 to $196.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Royal Bank of Canada increased their price objective on shares of Waste Connections from $199.00 to $201.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Finally, CIBC cut their price objective on shares of Waste Connections from $215.00 to $212.00 and set an "outperform" rating on the stock in a research report on Thursday, December 19th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Waste Connections presently has an average rating of "Moderate Buy" and an average price target of $201.00.

Waste Connections Trading Down 0.7 %

NYSE WCN traded down $1.41 on Friday, reaching $187.63. The company had a trading volume of 978,918 shares, compared to its average volume of 988,278. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.99. Waste Connections has a 52 week low of $160.34 and a 52 week high of $194.83. The stock has a market cap of $48.42 billion, a price-to-earnings ratio of 51.55, a PEG ratio of 2.97 and a beta of 0.77. The stock's 50 day moving average is $179.42 and its 200-day moving average is $181.77.

Waste Connections (NYSE:WCN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.16 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 by ($0.04). Waste Connections had a net margin of 10.81% and a return on equity of 15.43%. Equities analysts predict that Waste Connections will post 4.83 earnings per share for the current year.

Institutional Investors Weigh In On Waste Connections

A number of institutional investors have recently modified their holdings of WCN. Vise Technologies Inc. raised its stake in Waste Connections by 76.8% in the 4th quarter. Vise Technologies Inc. now owns 3,624 shares of the business services provider's stock worth $622,000 after purchasing an additional 1,574 shares in the last quarter. Highview Capital Management LLC DE increased its holdings in shares of Waste Connections by 5.3% during the fourth quarter. Highview Capital Management LLC DE now owns 6,814 shares of the business services provider's stock worth $1,169,000 after purchasing an additional 344 shares during the period. EDENTREE ASSET MANAGEMENT Ltd acquired a new stake in shares of Waste Connections in the fourth quarter valued at approximately $8,172,000. Continuum Advisory LLC boosted its stake in shares of Waste Connections by 36.3% in the fourth quarter. Continuum Advisory LLC now owns 308 shares of the business services provider's stock valued at $53,000 after buying an additional 82 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Waste Connections by 18.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,163,790 shares of the business services provider's stock worth $199,683,000 after buying an additional 183,540 shares in the last quarter. Institutional investors own 86.09% of the company's stock.

About Waste Connections

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.