Waste Connections, Inc. (NYSE:WCN) PT Set at $70.00 by Barclays PLC
Barclays PLC set a $70.00 price target on Waste Connections, Inc. (NYSE:WCN) in a research note issued to investors on Wednesday. The firm currently has a buy rating on the business services provider’s stock.
Several other research analysts have also recently issued reports on WCN. BidaskClub cut shares of Waste Connections from a strong-buy rating to a buy rating in a report on Monday, July 24th. Stifel Nicolaus lifted their target price on shares of Waste Connections from $66.50 to $75.00 and gave the stock a buy rating in a report on Wednesday, June 21st. Zacks Investment Research raised shares of Waste Connections from a hold rating to a buy rating and set a $67.33 target price for the company in a report on Tuesday, April 25th. Wedbush reissued an outperform rating and set a $76.67 price objective (up from $62.00) on shares of Waste Connections in a report on Friday, April 28th. Finally, Oppenheimer Holdings, Inc. reissued an outperform rating and set a $70.00 price objective (up from $64.00) on shares of Waste Connections in a report on Friday, June 23rd. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $68.51.
Shares of Waste Connections (NYSE WCN) opened at 65.06 on Wednesday. The company has a 50 day moving average of $64.91 and a 200-day moving average of $59.92. The firm has a market cap of $17.14 billion, a price-to-earnings ratio of 55.32 and a beta of 0.24. Waste Connections has a 12-month low of $47.81 and a 12-month high of $67.14.
Waste Connections (NYSE:WCN) last posted its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02. Waste Connections had a net margin of 7.11% and a return on equity of 9.19%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the firm posted $0.66 earnings per share. Waste Connections’s quarterly revenue was up 61.6% on a year-over-year basis. Analysts predict that Waste Connections will post $2.12 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: “Waste Connections, Inc. (NYSE:WCN) PT Set at $70.00 by Barclays PLC” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://www.watchlistnews.com/waste-connections-inc-nysewcn-pt-set-at-70-00-by-barclays-plc/1462231.html.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 22nd. Investors of record on Tuesday, August 8th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, August 4th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.74%. Waste Connections’s dividend payout ratio is 40.56%.
In related news, Director Susan Lee bought 1,200 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was purchased at an average price of $92.05 per share, for a total transaction of $110,460.00. Following the completion of the transaction, the director now owns 3,679 shares in the company, valued at $338,651.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Steven F. Bouck sold 15,000 shares of the company’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $96.05, for a total transaction of $1,440,750.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,400 shares of company stock valued at $2,350,516. 0.68% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Spirit of America Management Corp NY acquired a new stake in Waste Connections during the first quarter worth about $110,000. Independent Portfolio Consultants Inc. increased its stake in Waste Connections by 10.1% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,833 shares of the business services provider’s stock worth $118,000 after buying an additional 168 shares during the last quarter. US Bancorp DE increased its stake in Waste Connections by 14.3% in the second quarter. US Bancorp DE now owns 2,171 shares of the business services provider’s stock worth $140,000 after buying an additional 271 shares during the last quarter. Creative Planning increased its stake in Waste Connections by 223.5% in the second quarter. Creative Planning now owns 2,397 shares of the business services provider’s stock worth $154,000 after buying an additional 1,656 shares during the last quarter. Finally, Capital One National Association acquired a new stake in Waste Connections during the first quarter worth about $208,000. 57.70% of the stock is currently owned by institutional investors.
About Waste Connections
Waste Connections, Inc is a solid waste services company in North America. The Company provides waste collection, transfer, disposal and recycling services in markets in the United States and Canada. The Company operates through six segments: Southern segment, Western segment, Eastern segment, Canada segment, Central segment and E&P segment.
Receive News & Ratings for Waste Connections Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Connections Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.