Free Trial

Waste Connections (NYSE:WCN) Price Target Lowered to $212.00 at CIBC

Waste Connections logo with Business Services background

Waste Connections (NYSE:WCN - Get Free Report) had its price objective cut by investment analysts at CIBC from $215.00 to $212.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "outperformer" rating on the business services provider's stock. CIBC's target price would suggest a potential upside of 16.48% from the stock's previous close.

A number of other analysts also recently issued reports on WCN. Melius started coverage on Waste Connections in a research report on Monday, June 9th. They issued a "buy" rating on the stock. Melius Research raised Waste Connections to a "strong-buy" rating and set a $213.00 target price on the stock in a research report on Monday, June 9th. William Blair started coverage on Waste Connections in a research report on Thursday, April 3rd. They issued an "outperform" rating on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $221.00 target price on shares of Waste Connections in a research report on Friday, April 25th. Finally, Citigroup lifted their target price on Waste Connections from $209.00 to $212.00 and gave the company a "neutral" rating in a research report on Tuesday, April 29th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $213.93.

View Our Latest Stock Report on WCN

Waste Connections Stock Up 0.4%

Shares of WCN traded up $0.81 during midday trading on Tuesday, hitting $182.00. The stock had a trading volume of 1,463,105 shares, compared to its average volume of 1,017,255. The company has a 50 day simple moving average of $190.60 and a two-hundred day simple moving average of $187.57. Waste Connections has a twelve month low of $169.36 and a twelve month high of $201.66. The firm has a market cap of $47.03 billion, a price-to-earnings ratio of 74.90, a price-to-earnings-growth ratio of 3.16 and a beta of 0.60. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.70 and a quick ratio of 0.70.

Waste Connections (NYSE:WCN - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.06. Waste Connections had a return on equity of 15.74% and a net margin of 6.93%. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter last year, the business posted $1.04 EPS. The company's revenue for the quarter was up 7.5% on a year-over-year basis. On average, analysts anticipate that Waste Connections will post 5.28 EPS for the current year.

Institutional Investors Weigh In On Waste Connections

A number of institutional investors have recently made changes to their positions in WCN. Aster Capital Management DIFC Ltd bought a new stake in shares of Waste Connections during the fourth quarter worth approximately $28,000. Smartleaf Asset Management LLC boosted its holdings in shares of Waste Connections by 59.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider's stock worth $33,000 after acquiring an additional 71 shares during the period. Ramirez Asset Management Inc. boosted its holdings 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 worth $36,000 after acquiring an additional 100 shares during the period. Oarsman Capital Inc. boosted its holdings in shares of Waste Connections by 41.4% during the fourth quarter. Oarsman Capital Inc. now owns 222 shares of the business services provider's stock worth $38,000 after acquiring an additional 65 shares during the period. Finally, Larson Financial Group LLC boosted its holdings 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 worth $38,000 after acquiring an additional 179 shares during the period. Institutional investors own 86.09% of the company's stock.

Waste Connections Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Waste Connections (NYSE:WCN)

Should You Invest $1,000 in Waste Connections Right Now?

Before you consider Waste Connections, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Waste Connections wasn't on the list.

While Waste Connections currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 AI Stocks to Invest in Today: Capitalizing on AI and Tech Trends in 2025 Cover

Discover the top 7 AI stocks to invest in right now. This exclusive report highlights the companies leading the AI revolution and shaping the future of technology in 2025.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!
3 Cheap Growth Stocks Set to Explode This Summer

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines