Waste Connections (NYSE:WCN) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• Waste Connections has been given a "hold (C)" rating by Weiss Ratings, while other analysts have varied opinions, with 5 rating it a Strong Buy and 1 giving it a Sell rating.
• The company's stock recently traded at $175.51 and has a market cap of $45.03 billion, with an average price target of $210.63.
• Waste Connections reported a quarterly earnings of $1.44 per share, exceeding analysts' estimates, and recorded a revenue of $2.47 billion, a 5.1% increase from the previous year.

Waste Connections (NYSE:WCN - Get Free Report)'s stock had its "hold (c)" rating reiterated by equities research analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

Several other equities analysts have also recently weighed in on the company. Oppenheimer lifted their price target on Waste Connections from $205.00 to $206.00 and gave the company an "outperform" rating in a research report on Thursday. National Bankshares reduced their target price on Waste Connections from $211.00 to $196.00 and set an "outperform" rating for the company in a report on Tuesday, October 7th. CIBC reiterated an "outperform" rating on shares of Waste Connections in a research report on Friday, July 25th. Stifel Nicolaus lowered their price target on shares of Waste Connections from $221.00 to $218.00 and set a "buy" rating on the stock in a report on Thursday. Finally, Barclays reaffirmed a "negative" rating on shares of Waste Connections in a research note on Thursday. Five analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $210.63.

Waste Connections Stock Performance

NYSE:WCN traded down $1.31 on Friday, reaching $175.51. 357,761 shares of the company's stock were exchanged, compared to its average volume of 1,131,486. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $45.03 billion, a price-to-earnings ratio of 73.11, a P/E/G ratio of 3.25 and a beta of 0.62. Waste Connections has a 52 week low of $169.36 and a 52 week high of $201.66. The stock has a fifty day simple moving average of $177.11 and a 200-day simple moving average of $185.48.

Waste Connections (NYSE:WCN - Get Free Report) last posted 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 net margin of 6.65% and a return on equity of 16.07%. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the firm posted $1.35 earnings per share. The company's quarterly revenue was up 5.1% compared to the same quarter last year. Waste Connections has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Waste Connections will post 5.28 earnings per share for the current year.

Institutional Investors Weigh In On Waste Connections

A number of large investors have recently added to or reduced their stakes in WCN. Asset Dedication LLC purchased a new position in shares of Waste Connections in the 2nd quarter worth about $28,000. Ramirez Asset Management Inc. raised its holdings in shares of Waste Connections by 122.0% during the 1st 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 in the last quarter. Larson Financial Group LLC lifted its position in Waste Connections by 994.4% in the 1st quarter. Larson Financial Group LLC now owns 197 shares of the business services provider's stock worth $38,000 after buying an additional 179 shares during the last quarter. AlphaCore Capital LLC purchased a new stake in Waste Connections in the second quarter worth approximately $39,000. Finally, Valley National Advisers Inc. boosted its stake in Waste Connections by 232.3% in the first quarter. Valley National Advisers Inc. now owns 216 shares of the business services provider's stock worth $41,000 after buying an additional 151 shares in the last quarter. Hedge funds and other institutional investors own 86.09% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.