Waste Connections (NYSE:WCN) Price Target Lowered to $209.00 at Citigroup

Waste Connections (NYSE:WCN) had its price objective decreased by research analysts at Citigroup from $218.00 to $209.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the business services provider’s stock. Citigroup’s price target points to a potential upside of 13.26% from the company’s previous close.

Several other research analysts have also commented on the company. Morgan Stanley raised their price target on Waste Connections from $214.00 to $219.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. William Blair assumed coverage on Waste Connections in a research report on Thursday, April 3rd. They issued an “outperform” rating for the company. Stifel Nicolaus boosted their price target on shares of Waste Connections from $205.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Oppenheimer lifted their price objective on shares of Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, Truist Financial reaffirmed a “buy” rating and set a $210.00 target price (up from $200.00) on shares of Waste Connections in a research note on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Waste Connections has an average rating of “Moderate Buy” and an average price target of $204.43.

Waste Connections Trading Down 0.1 %

WCN stock traded down $0.22 during trading on Tuesday, reaching $184.53. 841,063 shares of the stock were exchanged, compared to its average volume of 944,218. The business has a 50 day moving average price of $188.87 and a 200-day moving average price of $183.35. Waste Connections has a 1 year low of $160.34 and a 1 year high of $201.66. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $47.68 billion, a price-to-earnings ratio of 77.30, a P/E/G ratio of 3.07 and a beta of 0.67.

Waste Connections (NYSE:WCN) last posted its earnings results on Wednesday, February 12th. The business services provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.04). Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. On average, research analysts predict that Waste Connections will post 5.28 earnings per share for the current year.

Hedge Funds Weigh In On Waste Connections

Large investors have recently bought and sold shares of the stock. Private Trust Co. NA boosted its position in shares of Waste Connections by 153.3% in the 4th quarter. Private Trust Co. NA now owns 152 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 92 shares during the period. Manchester Capital Management LLC acquired a new stake in shares of Waste Connections in the fourth quarter valued at approximately $26,000. Stonebridge Financial Group LLC purchased a new position in shares of Waste Connections during the fourth quarter worth approximately $27,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Waste Connections in the 4th quarter valued at $28,000. Finally, Smartleaf Asset Management LLC raised its position in Waste Connections by 59.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 71 shares during the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

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.