Waste Connections, Inc. (NYSE:WCN) Receives $203.75 Consensus PT from Brokerages

Waste Connections, Inc. (NYSE:WCN) has earned a consensus rating of “Buy” from the twenty-two ratings firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and four have issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $203.75.

Several equities analysts recently issued reports on WCN shares. TD Cowen decreased their price objective on Waste Connections from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Canadian Imperial Bank of Commerce set a $208.00 price target on shares of Waste Connections in a research note on Thursday, January 8th. Deutsche Bank Aktiengesellschaft set a $212.00 price target on shares of Waste Connections in a report on Friday, February 13th. Wells Fargo & Company began coverage on shares of Waste Connections in a research report on Thursday, November 13th. They set an “overweight” rating and a $186.00 price objective for the company. Finally, The Goldman Sachs Group began coverage on shares of Waste Connections in a report on Monday, November 24th. They set a “buy” rating and a $202.00 price objective on the stock.

Institutional Trading of Waste Connections

A number of institutional investors have recently modified their holdings of the company. Lido Advisors LLC boosted its position in shares of Waste Connections by 2.1% during the second quarter. Lido Advisors LLC now owns 2,949 shares of the business services provider’s stock worth $551,000 after buying an additional 61 shares during the period. Legacy Wealth Asset Management LLC lifted its stake in Waste Connections by 0.8% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 7,895 shares of the business services provider’s stock valued at $1,388,000 after acquiring an additional 61 shares in the last quarter. Valeo Financial Advisors LLC lifted its stake in Waste Connections by 1.6% in the 2nd quarter. Valeo Financial Advisors LLC now owns 4,052 shares of the business services provider’s stock valued at $757,000 after acquiring an additional 63 shares in the last quarter. Ritholtz Wealth Management boosted its position in Waste Connections by 2.1% during the 4th quarter. Ritholtz Wealth Management now owns 3,042 shares of the business services provider’s stock worth $533,000 after acquiring an additional 64 shares during the last quarter. Finally, Kestra Private Wealth Services LLC boosted its position in Waste Connections by 2.6% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 2,556 shares of the business services provider’s stock worth $449,000 after acquiring an additional 64 shares during the last quarter. 86.09% of the stock is currently owned by institutional investors.

Waste Connections Stock Performance

WCN stock opened at $170.25 on Friday. Waste Connections has a 1-year low of $155.65 and a 1-year high of $201.66. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.07. The firm has a market cap of $43.53 billion, a PE ratio of 40.83, a P/E/G ratio of 2.92 and a beta of 0.62. The business’s 50-day moving average price is $168.53 and its two-hundred day moving average price is $172.35.

Waste Connections (NYSE:WCN) last announced its quarterly earnings results on Wednesday, February 11th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.01. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.37 billion. Waste Connections had a return on equity of 16.25% and a net margin of 11.37%.The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.16 earnings per share. As a group, research analysts forecast that Waste Connections will post 5.28 earnings per share for the current year.

Waste Connections Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Wednesday, February 25th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, February 25th. Waste Connections’s dividend payout ratio is 33.57%.

Waste Connections Company Profile

Waste Connections (NYSE: WCN) is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.

The company’s operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.