Waste Connections (NYSE:WCN) Given New $216.00 Price Target at BMO Capital Markets

Waste Connections (NYSE:WCN - Get Free Report) had its price target upped by equities research analysts at BMO Capital Markets from $214.00 to $216.00 in a research report issued on Friday,Benzinga reports. The firm presently has an "outperform" rating on the business services provider's stock. BMO Capital Markets' target price would suggest a potential upside of 10.24% from the company's previous close.

Other research analysts also recently issued research reports about the company. StockNews.com downgraded Waste Connections from a "buy" rating to a "hold" rating in a report on Friday, February 14th. 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. Citigroup decreased their price objective on Waste Connections from $218.00 to $209.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Truist Financial reiterated a "buy" rating and issued a $210.00 price objective (up previously from $200.00) on shares of Waste Connections in a report on Friday, February 14th. Finally, William Blair initiated coverage on Waste Connections in a research report on Thursday, April 3rd. They set an "outperform" rating for the company. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Waste Connections presently has a consensus rating of "Moderate Buy" and an average target price of $208.21.

Waste Connections Price Performance

NYSE WCN traded up $0.41 during trading hours on Friday, reaching $195.94. 401,761 shares of the stock traded hands, compared to its average volume of 974,319. The stock has a 50 day simple moving average of $191.16 and a two-hundred day simple moving average of $185.16. Waste Connections has a 1 year low of $160.34 and a 1 year high of $201.66. 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 cap of $50.62 billion, a price-to-earnings ratio of 81.98, a price-to-earnings-growth ratio of 3.07 and a beta of 0.67.

Waste Connections (NYSE:WCN - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, topping 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 quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.04 earnings per share. On average, analysts predict that Waste Connections will post 5.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Waste Connections

Several institutional investors and hedge funds have recently modified their holdings of the stock. Principal Securities Inc. increased its holdings in shares of Waste Connections by 1.1% during the first quarter. Principal Securities Inc. now owns 7,886 shares of the business services provider's stock valued at $1,539,000 after acquiring an additional 85 shares in the last quarter. Trium Capital LLP increased its holdings in shares of Waste Connections by 16.3% during the first quarter. Trium Capital LLP now owns 5,038 shares of the business services provider's stock valued at $983,000 after acquiring an additional 707 shares in the last quarter. Linden Thomas Advisory Services LLC increased its holdings in shares of Waste Connections by 11.6% during the first quarter. Linden Thomas Advisory Services LLC now owns 2,845 shares of the business services provider's stock valued at $555,000 after acquiring an additional 296 shares in the last quarter. Highview Capital Management LLC DE increased its holdings in shares of Waste Connections by 6.4% during the first quarter. Highview Capital Management LLC DE now owns 7,253 shares of the business services provider's stock valued at $1,414,000 after acquiring an additional 439 shares in the last quarter. Finally, Security National Bank of SO Dak increased its holdings in shares of Waste Connections by 2.2% during the first quarter. Security National Bank of SO Dak now owns 4,760 shares of the business services provider's stock valued at $929,000 after acquiring an additional 102 shares in the last quarter. 86.09% of the stock is currently owned by institutional investors.

Waste Connections Company Profile

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.