Waste Connections, Inc. (NYSE:WCN) Receives $179.33 Consensus PT from Brokerages

Shares of Waste Connections, Inc. (NYSE:WCNGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the sixteen brokerages that are covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $179.33.

A number of equities research analysts have weighed in on the company. CIBC lifted their target price on Waste Connections from $175.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. StockNews.com lowered Waste Connections from a “buy” rating to a “hold” rating in a research report on Wednesday. UBS Group lowered Waste Connections from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $170.00 to $181.00 in a research report on Thursday, February 29th. Scotiabank boosted their price target on Waste Connections from $146.50 to $179.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 15th. Finally, Citigroup boosted their price target on Waste Connections from $136.00 to $163.00 and gave the stock a “neutral” rating in a research report on Thursday, January 18th.

Get Our Latest Report on Waste Connections

Waste Connections Price Performance

Shares of WCN stock opened at $163.36 on Tuesday. Waste Connections has a 52-week low of $126.12 and a 52-week high of $173.02. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market capitalization of $42.15 billion, a P/E ratio of 53.04, a P/E/G ratio of 2.63 and a beta of 0.67. The stock has a 50 day moving average price of $167.81 and a 200 day moving average price of $152.80.

Waste Connections (NYSE:WCNGet Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.02. Waste Connections had a return on equity of 14.66% and a net margin of 9.70%. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same period last year, the company earned $0.89 EPS. Waste Connections’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, sell-side analysts predict that Waste Connections will post 4.82 earnings per share for the current year.

Waste Connections Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Wednesday, May 8th will be paid a dividend of $0.285 per share. The ex-dividend date is Tuesday, May 7th. This represents a $1.14 annualized dividend and a yield of 0.70%. Waste Connections’s payout ratio is presently 37.01%.

Insider Buying and Selling at Waste Connections

In other Waste Connections news, Director Andrea E. Bertone sold 902 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $169.17, for a total transaction of $152,591.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.31% of the company’s stock.

Institutional Trading of Waste Connections

Hedge funds have recently modified their holdings of the stock. Pacifica Partners Inc. purchased a new stake in shares of Waste Connections in the fourth quarter worth about $25,000. Hexagon Capital Partners LLC raised its holdings in Waste Connections by 116.2% in the 1st quarter. Hexagon Capital Partners LLC now owns 160 shares of the business services provider’s stock worth $28,000 after purchasing an additional 86 shares during the period. OFI Invest Asset Management acquired a new position in Waste Connections in the 1st quarter worth about $32,000. Headinvest LLC acquired a new position in Waste Connections in the 3rd quarter worth about $36,000. Finally, Operose Advisors LLC acquired a new position in Waste Connections in the 3rd quarter worth about $40,000. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Waste Connections Company Profile

(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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