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

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.

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

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.