Jefferies Financial Group Has Lowered Expectations for Waste Connections (NYSE:WCN) Stock Price

Waste Connections (NYSE:WCN) had its price target cut by Jefferies Financial Group from $225.00 to $210.00 in a report released on Thursday,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

WCN has been the subject of several other reports. Morgan Stanley lifted their price target on shares of Waste Connections from $206.00 to $214.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Raymond James dropped their price target on Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating on the stock in a research note on Friday, October 25th. Stifel Nicolaus raised their price objective on Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Royal Bank of Canada upped their target price on Waste Connections from $199.00 to $201.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Citigroup lifted their price target on shares of Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $199.31.

Waste Connections Trading Up 0.4 %

NYSE WCN opened at $179.21 on Thursday. Waste Connections has a one year low of $151.32 and a one year high of $194.83. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.77. The business has a 50 day simple moving average of $180.60 and a 200 day simple moving average of $180.86. The stock has a market capitalization of $46.25 billion, a P/E ratio of 49.23, a P/E/G ratio of 2.68 and a beta of 0.76.

Waste Connections (NYSE:WCN) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.05. Waste Connections had a net margin of 10.81% and a return on equity of 15.43%. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.30 billion. Waste Connections’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.17 EPS. Research analysts expect that Waste Connections will post 4.84 earnings per share for the current year.

Institutional Investors Weigh In On Waste Connections

Several large investors have recently made changes to their positions in WCN. Global Trust Asset Management LLC bought a new position in Waste Connections during the third quarter valued at about $36,000. FSA Wealth Management LLC bought a new position in shares of Waste Connections during the 3rd quarter valued at approximately $40,000. Asset Dedication LLC bought a new position in shares of Waste Connections during the 3rd quarter valued at approximately $41,000. Continuum Advisory LLC increased its stake in shares of Waste Connections by 58.0% during the 3rd quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock worth $42,000 after purchasing an additional 83 shares during the last quarter. Finally, Kennebec Savings Bank purchased a new position in Waste Connections in the third quarter valued at approximately $47,000. 86.09% of the stock is owned by hedge funds and other institutional investors.

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.