Waste Connections, Inc. (NYSE:WCN) Given Average Recommendation of “Moderate Buy” by Brokerages

Waste Connections, Inc. (NYSE:WCNGet Free Report) has been given an average recommendation of “Moderate Buy” by the eighteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $199.06.

Several research analysts have recently issued reports on the company. Citigroup increased their price target on Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Oppenheimer raised their price objective on Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Morgan Stanley lifted their target price on shares of Waste Connections from $206.00 to $214.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Jefferies Financial Group reduced their price target on shares of Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada lifted 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.

Check Out Our Latest Stock Report on Waste Connections

Institutional Trading of Waste Connections

Several large investors have recently made changes to their positions in WCN. Principal Financial Group Inc. boosted its holdings in shares of Waste Connections by 307.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,927,155 shares of the business services provider’s stock worth $344,615,000 after buying an additional 1,453,733 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Waste Connections by 432.6% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,259,312 shares of the business services provider’s stock valued at $225,078,000 after purchasing an additional 1,022,851 shares during the period. National Bank of Canada FI boosted its holdings in Waste Connections by 35.3% in the 3rd quarter. National Bank of Canada FI now owns 2,678,562 shares of the business services provider’s stock valued at $478,777,000 after purchasing an additional 699,012 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Waste Connections by 44.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,964,082 shares of the business services provider’s stock worth $351,037,000 after purchasing an additional 602,055 shares during the period. Finally, Two Sigma Advisers LP raised its position in shares of Waste Connections by 199.4% during the third quarter. Two Sigma Advisers LP now owns 591,250 shares of the business services provider’s stock valued at $105,727,000 after buying an additional 393,763 shares during the last quarter. Institutional investors own 86.09% of the company’s stock.

Waste Connections Trading Down 1.1 %

Shares of NYSE:WCN opened at $180.94 on Thursday. Waste Connections has a fifty-two week low of $153.07 and a fifty-two week high of $194.83. The company has a market cap of $46.70 billion, a PE ratio of 49.71, a P/E/G ratio of 2.67 and a beta of 0.76. The company’s 50-day moving average price is $180.22 and its 200 day moving average price is $180.91. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.99.

About Waste Connections

(Get Free Report

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.

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Analyst Recommendations for Waste Connections (NYSE:WCN)

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