Jefferies Financial Group Lowers Waste Connections (NYSE:WCN) Price Target to $210.00

Waste Connections (NYSE:WCN) had its price objective lowered by research analysts at Jefferies Financial Group from $225.00 to $210.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Jefferies Financial Group’s target price indicates a potential upside of 14.21% from the stock’s current price.

A number of other brokerages have also recently issued reports on WCN. Royal Bank of Canada lifted their price target on shares of Waste Connections from $199.00 to $201.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Stifel Nicolaus boosted their price target on Waste Connections from $205.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Morgan Stanley lifted their price objective on Waste Connections from $206.00 to $214.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Citigroup increased their target price on Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Finally, CIBC lowered their price target on Waste Connections from $215.00 to $212.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Waste Connections currently has an average rating of “Moderate Buy” and a consensus price target of $199.06.

Waste Connections Price Performance

WCN opened at $183.86 on Thursday. Waste Connections has a 12-month low of $153.07 and a 12-month high of $194.83. The company has a market cap of $47.45 billion, a price-to-earnings ratio of 50.51, a price-to-earnings-growth ratio of 2.83 and a beta of 0.76. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. The stock has a fifty day simple moving average of $180.06 and a two-hundred day simple moving average of $180.95.

Hedge Funds Weigh In On Waste Connections

Institutional investors and hedge funds have recently bought and sold shares of the stock. Manchester Capital Management LLC bought a new stake in Waste Connections during the 4th quarter worth approximately $26,000. Stonebridge Financial Group LLC bought a new stake in shares of Waste Connections during the 4th quarter valued at $27,000. Global Trust Asset Management LLC purchased a new position in shares of Waste Connections during the 3rd quarter valued at $36,000. Sierra Ocean LLC bought a new position in Waste Connections in the 4th quarter worth $39,000. Finally, FSA Wealth Management LLC purchased a new stake in Waste Connections in the 3rd quarter worth $40,000. 86.09% of the stock is currently owned by hedge funds and other 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.