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

Waste Connections, Inc. (NYSE:WCN - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eighteen ratings firms that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $199.06.

WCN has been the topic of several research reports. Scotiabank dropped their price objective on Waste Connections from $196.00 to $192.00 and set a "sector perform" rating on the stock in a report on Monday. Oppenheimer lifted their price objective on Waste Connections from $192.00 to $195.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Royal Bank of Canada raised their price objective on shares of Waste Connections from $199.00 to $201.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Jefferies Financial Group decreased their target price on Waste Connections from $225.00 to $210.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, CIBC lowered their price target 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.

Institutional Investors Weigh In On Waste Connections

Several large investors have recently made changes to their positions in the business. Manchester Capital Management LLC acquired a new stake in Waste Connections in the fourth quarter valued at approximately $26,000. Stonebridge Financial Group LLC acquired a new stake in Waste Connections during the fourth quarter valued at approximately $27,000. Global Trust Asset Management LLC acquired a new position in Waste Connections in the third quarter worth $36,000. FSA Wealth Management LLC acquired a new position in shares of Waste Connections in the 3rd quarter valued at about $40,000. Finally, Asset Dedication LLC bought a new position in shares of Waste Connections during the third quarter valued at approximately $41,000. Institutional investors and hedge funds own 86.09% of the company's stock.

Waste Connections Stock Up 3.3 %

Shares of Waste Connections stock traded up $5.89 on Thursday, reaching $186.53. 966,537 shares of the company were exchanged, compared to its average volume of 924,246. The stock's 50 day moving average price is $180.11 and its 200-day moving average price is $180.91. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.77. Waste Connections has a 1-year low of $153.07 and a 1-year high of $194.83. The company has a market cap of $48.14 billion, a P/E ratio of 51.24, a price-to-earnings-growth ratio of 2.67 and a beta of 0.76.

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.