Waste Connections (NYSE:WCN) Downgraded by StockNews.com

StockNews.com downgraded shares of Waste Connections (NYSE:WCNFree Report) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

A number of other equities research analysts have also recently issued reports on WCN. Wells Fargo & Company upped their target price on Waste Connections from $160.00 to $170.00 and gave the stock an overweight rating in a research report on Wednesday, December 13th. Jefferies Financial Group lifted their price objective on Waste Connections from $170.00 to $175.00 and gave the company a buy rating in a report on Thursday, January 25th. Morgan Stanley raised their target price on Waste Connections from $171.00 to $175.00 and gave the company an overweight rating in a research note on Monday, December 4th. Wolfe Research reaffirmed a peer perform rating on shares of Waste Connections in a report on Tuesday, November 21st. Finally, Stifel Nicolaus upped their price target on Waste Connections from $168.00 to $175.00 and gave the company a buy rating in a research note on Tuesday, December 19th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $162.69.

View Our Latest Stock Analysis on WCN

Waste Connections Stock Performance

Shares of WCN stock opened at $154.34 on Friday. The stock has a market capitalization of $39.77 billion, a price-to-earnings ratio of 47.93, a PEG ratio of 2.93 and a beta of 0.65. The company’s 50-day simple moving average is $149.47 and its 200-day simple moving average is $141.22. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.73 and a current ratio of 0.73. Waste Connections has a one year low of $126.12 and a one year high of $158.49.

Insider Activity at Waste Connections

In related news, SVP Philip Rivard sold 5,097 shares of the firm’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $146.26, for a total transaction of $745,487.22. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.35% of the stock is owned by insiders.

Institutional Investors Weigh In On Waste Connections

Several institutional investors have recently bought and sold shares of the company. Scotia Capital Inc. raised its holdings in shares of Waste Connections by 17.4% in the fourth quarter. Scotia Capital Inc. now owns 249,269 shares of the business services provider’s stock valued at $37,120,000 after purchasing an additional 37,009 shares during the last quarter. Gold Investment Management Ltd. acquired a new stake in Waste Connections in the 4th quarter valued at $527,000. Catalytic Wealth RIA LLC acquired a new stake in Waste Connections in the 4th quarter valued at $212,000. Roundview Capital LLC lifted its position in Waste Connections by 14.2% during the 4th quarter. Roundview Capital LLC now owns 11,410 shares of the business services provider’s stock worth $1,703,000 after buying an additional 1,423 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in shares of Waste Connections by 30.3% during the 4th quarter. Allianz Asset Management GmbH now owns 34,010 shares of the business services provider’s stock worth $5,103,000 after buying an additional 7,917 shares during the last quarter. Institutional investors own 85.02% of the company’s stock.

About Waste Connections

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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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Analyst Recommendations for Waste Connections (NYSE:WCN)

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