Waste Connections (NYSE:WCN - Get Free Report) had its price target upped by investment analysts at JPMorgan Chase & Co. from $197.00 to $230.00 in a research note issued on Friday,Benzinga reports. The firm presently has an "overweight" rating on the business services provider's stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 17.55% from the company's previous close.
Several other equities analysts have also issued reports on the company. Truist Financial set a $220.00 target price on Waste Connections in a research note on Friday, April 25th. Morgan Stanley raised their target price on shares of Waste Connections from $214.00 to $219.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. BMO Capital Markets increased their price target on Waste Connections from $214.00 to $216.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. William Blair started coverage on shares of Waste Connections in a research report on Thursday, April 3rd. They set an "outperform" rating on the stock. Finally, Wall Street Zen cut shares of Waste Connections from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $212.23.
View Our Latest Analysis on WCN
Waste Connections Price Performance
Shares of WCN traded down $0.79 during midday trading on Friday, hitting $195.66. 256,391 shares of the company traded hands, compared to its average volume of 1,002,424. The stock has a market cap of $50.55 billion, a price-to-earnings ratio of 81.90, a PEG ratio of 3.07 and a beta of 0.66. The firm has a 50 day moving average of $193.83 and a 200-day moving average of $187.16. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.65 and a current ratio of 0.65. Waste Connections has a 52 week low of $160.34 and a 52 week high of $201.66.
Waste Connections (NYSE:WCN - Get Free Report) last released its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.06. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.22 billion. Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS. On average, analysts forecast that Waste Connections will post 5.28 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in WCN. Norges Bank acquired a new position in Waste Connections during the 4th quarter worth approximately $687,935,000. Nuveen LLC acquired a new position in Waste Connections during the first quarter worth $623,155,000. FIL Ltd raised its position in Waste Connections by 46.2% in the fourth quarter. FIL Ltd now owns 7,177,724 shares of the business services provider's stock worth $1,231,368,000 after acquiring an additional 2,269,652 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Waste Connections in the fourth quarter valued at $240,422,000. Finally, Vanguard Group Inc. boosted its position in shares of Waste Connections by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 30,247,244 shares of the business services provider's stock worth $5,901,049,000 after purchasing an additional 954,242 shares in the last quarter. 86.09% of the stock is currently owned by institutional investors and hedge funds.
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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