Waste Connections (NYSE:WCN) Now Covered by Analysts at William Blair

Investment analysts at William Blair assumed coverage on shares of Waste Connections (NYSE:WCN) in a report released on Thursday. The firm set an “outperform” rating on the business services provider’s stock.

A number of other equities analysts have also weighed in on the stock. Truist Financial restated a “buy” rating and issued a $210.00 price objective (up from $200.00) on shares of Waste Connections in a report on Friday, February 14th. StockNews.com cut Waste Connections from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Scotiabank lowered their price target on Waste Connections from $196.00 to $192.00 and set a “sector perform” rating on the stock in a report on Monday, January 27th. Morgan Stanley lifted their price objective on Waste Connections from $214.00 to $219.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, Jefferies Financial Group decreased their target price on Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $204.00.

Waste Connections Price Performance

Shares of NYSE:WCN opened at $196.75 on Thursday. The business has a fifty day moving average price of $188.19 and a 200-day moving average price of $183.13. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market capitalization of $50.83 billion, a PE ratio of 82.32, a PEG ratio of 3.07 and a beta of 0.81. Waste Connections has a 1-year low of $160.34 and a 1-year high of $197.74.

Waste Connections (NYSE:WCN) last announced its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.04). Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. As a group, equities analysts expect that Waste Connections will post 5.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of WCN. Manchester Capital Management LLC purchased a new stake in shares of Waste Connections in the 4th quarter worth $26,000. Private Trust Co. NA increased its position in Waste Connections by 153.3% in the fourth quarter. Private Trust Co. NA now owns 152 shares of the business services provider’s stock worth $26,000 after buying an additional 92 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in Waste Connections in the fourth quarter worth about $27,000. Aster Capital Management DIFC Ltd bought a new position in shares of Waste Connections in the fourth quarter worth about $28,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Waste Connections by 59.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider’s stock valued at $33,000 after buying an additional 71 shares in the last quarter. Hedge funds and other institutional investors 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.