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

Waste Connections, Inc. (NYSE:WCN) has been assigned an average recommendation of “Moderate Buy” from the eighteen ratings firms that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $199.06.

A number of research firms recently weighed in on WCN. Raymond James decreased their price target on Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating on the stock in a research note on Friday, October 25th. Jefferies Financial Group cut their price target on Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. CIBC decreased 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. Citigroup lifted their target price on shares of Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Finally, Stifel Nicolaus increased their price target on shares of Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th.

Institutional Trading of Waste Connections

Several institutional investors have recently made changes to their positions in the stock. Tandem Investment Advisors Inc. grew its stake in shares of Waste Connections by 7.2% during the 4th quarter. Tandem Investment Advisors Inc. now owns 366,173 shares of the business services provider’s stock valued at $62,828,000 after buying an additional 24,456 shares during the period. Cumberland Partners Ltd grew its stake in shares of Waste Connections by 1.2% during the 4th quarter. Cumberland Partners Ltd now owns 26,040 shares of the business services provider’s stock valued at $4,465,000 after buying an additional 300 shares during the period. Alberta Investment Management Corp grew its stake in shares of Waste Connections by 0.6% during the 4th quarter. Alberta Investment Management Corp now owns 400,668 shares of the business services provider’s stock valued at $68,700,000 after buying an additional 2,500 shares during the period. Global Retirement Partners LLC grew its stake in shares of Waste Connections by 247.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,365 shares of the business services provider’s stock valued at $234,000 after buying an additional 972 shares during the period. Finally, New York State Common Retirement Fund grew its stake in shares of Waste Connections by 0.6% during the 4th quarter. New York State Common Retirement Fund now owns 186,314 shares of the business services provider’s stock valued at $31,968,000 after buying an additional 1,074 shares during the period. 86.09% of the stock is owned by hedge funds and other institutional investors.

Waste Connections Stock Up 1.9 %

Waste Connections stock opened at $187.32 on Thursday. 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 $48.34 billion, a PE ratio of 51.46, a price-to-earnings-growth ratio of 2.88 and a beta of 0.76. The stock’s 50 day moving average price is $179.94 and its 200 day moving average price is $180.95.

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.