Shares of Waste Connections Inc (NYSE:WCN) have earned a consensus rating of “Buy” from the eleven brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $86.70.

Several research firms have recently weighed in on WCN. Zacks Investment Research cut Waste Connections from a “buy” rating to a “hold” rating in a report on Thursday, October 25th. TD Securities set a $87.00 target price on Waste Connections and gave the stock a “hold” rating in a report on Wednesday, November 28th. Goldman Sachs Group raised Waste Connections to a “buy” rating and set a $94.00 target price on the stock in a report on Tuesday. Royal Bank of Canada raised their target price on Waste Connections from $84.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, October 31st. Finally, UBS Group set a $90.00 target price on Waste Connections and gave the stock a “buy” rating in a report on Wednesday, October 31st.

Institutional investors have recently made changes to their positions in the stock. Aureus Asset Management LLC increased its stake in Waste Connections by 20.1% in the 2nd quarter. Aureus Asset Management LLC now owns 225,438 shares of the business services provider’s stock worth $16,971,000 after buying an additional 37,721 shares in the last quarter. Voya Investment Management LLC increased its stake in Waste Connections by 14.9% in the 2nd quarter. Voya Investment Management LLC now owns 1,402,178 shares of the business services provider’s stock worth $105,556,000 after buying an additional 181,301 shares in the last quarter. Seven Eight Capital LP increased its stake in Waste Connections by 59.6% in the 3rd quarter. Seven Eight Capital LP now owns 31,600 shares of the business services provider’s stock worth $2,521,000 after buying an additional 11,800 shares in the last quarter. Highstreet Asset Management Inc. increased its stake in Waste Connections by 35.3% in the 2nd quarter. Highstreet Asset Management Inc. now owns 15,169 shares of the business services provider’s stock worth $1,143,000 after buying an additional 3,958 shares in the last quarter. Finally, Osterweis Capital Management Inc. increased its stake in Waste Connections by 1.6% in the 2nd quarter. Osterweis Capital Management Inc. now owns 339,975 shares of the business services provider’s stock worth $25,594,000 after buying an additional 5,295 shares in the last quarter. 81.72% of the stock is currently owned by institutional investors.

WCN stock traded down $0.87 during midday trading on Monday, hitting $77.04. The company’s stock had a trading volume of 9,927 shares, compared to its average volume of 712,185. The stock has a market capitalization of $20.52 billion, a PE ratio of 35.44, a price-to-earnings-growth ratio of 2.65 and a beta of 0.14. Waste Connections has a 12 month low of $65.06 and a 12 month high of $81.36. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58.

Waste Connections (NYSE:WCN) last released its quarterly earnings results on Monday, October 29th. The business services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Waste Connections had a return on equity of 10.07% and a net margin of 15.14%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 EPS. On average, research analysts predict that Waste Connections will post 2.51 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 27th. Investors of record on Tuesday, November 13th were issued a $0.16 dividend. This is a boost from Waste Connections’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Friday, November 9th. Waste Connections’s dividend payout ratio (DPR) is currently 29.63%.

Waste Connections Company Profile

Waste Connections, Inc, a solid waste services company, provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through six segments: Southern, Western, Eastern, Canada, Central, and Exploration and Production (E&P). It offers collection services to residential, commercial, municipal, industrial, and E&P customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, office paper, plastic containers, glass bottles, and ferrous and aluminum metals.

Read More: Price to Earnings Ratio (PE) Basics

Analyst Recommendations for Waste Connections (NYSE:WCN)

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