Stifel Nicolaus Issues Pessimistic Forecast for Waste Connections (NYSE:WCN) Stock Price

Key Points

• Stifel Nicolaus has reduced Waste Connections' target price from $221.00 to $218.00, while maintaining a buy rating, suggesting a potential upside of 22.20% from its previous close.
• Despite the price reduction, five analysts have rated Waste Connections with a Strong Buy rating, indicating positive sentiment overall, with a consensus price target of $210.50.
• The company reported earnings of $1.44 per share for the last quarter, beating estimates, with revenue at $2.47 billion, marking a 5.1% increase compared to the previous year.

Waste Connections (NYSE:WCN - Get Free Report) had its target price reduced by stock analysts at Stifel Nicolaus from $221.00 to $218.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the business services provider's stock. Stifel Nicolaus' price target would indicate a potential upside of 22.20% from the company's previous close.

Several other equities research analysts also recently commented on the company. Atb Cap Markets upgraded Waste Connections from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 24th. CIBC reaffirmed an "outperform" rating on shares of Waste Connections in a research report on Friday, July 25th. Raymond James Financial set a $213.00 target price on Waste Connections and gave the company a "strong-buy" rating in a research report on Monday, October 6th. Citigroup decreased their target price on Waste Connections from $199.00 to $196.00 and set a "neutral" rating for the company in a research report on Thursday. Finally, Royal Bank Of Canada decreased their target price on Waste Connections from $221.00 to $219.00 and set an "outperform" rating for the company in a research report on Friday, July 25th. Five analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $210.50.

Waste Connections Trading Down 0.0%

WCN traded down $0.07 during trading on Thursday, hitting $178.40. The company's stock had a trading volume of 74,205 shares, compared to its average volume of 1,128,492. Waste Connections has a twelve month low of $169.36 and a twelve month high of $201.66. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.00. The stock's fifty day moving average price is $177.27 and its 200-day moving average price is $185.54. The firm has a market capitalization of $45.78 billion, a P/E ratio of 74.03, a PEG ratio of 3.16 and a beta of 0.62.

Waste Connections (NYSE:WCN - Get Free Report) last issued its quarterly earnings results on Tuesday, October 21st. The business services provider reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.06. Waste Connections had a return on equity of 16.08% and a net margin of 6.65%.The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period in the previous year, the firm earned $1.35 earnings per share. The company's revenue was up 5.1% compared to the same quarter last year. Waste Connections has set its FY 2025 guidance at EPS. Analysts anticipate that Waste Connections will post 5.28 EPS for the current year.

Institutional Trading of Waste Connections

Several hedge funds and other institutional investors have recently bought and sold shares of WCN. Asset Dedication LLC bought a new stake in Waste Connections in the second quarter valued at approximately $28,000. Ramirez Asset Management Inc. increased its stake in shares of Waste Connections by 122.0% during the first quarter. Ramirez Asset Management Inc. now owns 182 shares of the business services provider's stock valued at $36,000 after buying an additional 100 shares during the period. Larson Financial Group LLC increased its stake in shares of Waste Connections by 994.4% during the first quarter. Larson Financial Group LLC now owns 197 shares of the business services provider's stock valued at $38,000 after buying an additional 179 shares during the period. AlphaCore Capital LLC purchased a new position in shares of Waste Connections during the second quarter valued at approximately $39,000. Finally, Valley National Advisers Inc. increased its stake in shares of Waste Connections by 232.3% during the first quarter. Valley National Advisers Inc. now owns 216 shares of the business services provider's stock valued at $41,000 after buying an additional 151 shares during the period. 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.

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