Waste Connections (NYSE:WCN) had its price objective hoisted by equities researchers at Bank of America from $80.00 to $88.00 in a report issued on Thursday. The brokerage presently has a “buy” rating on the business services provider’s stock. Bank of America‘s price objective points to a potential upside of 6.87% from the company’s current price.

A number of other equities research analysts also recently weighed in on the stock. ValuEngine upgraded shares of Waste Connections from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. KeyCorp started coverage on shares of Waste Connections in a research report on Monday, February 4th. They set an “overweight” rating and a $94.00 price objective for the company. Zacks Investment Research upgraded shares of Waste Connections from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Sunday, January 6th. Goldman Sachs Group upgraded shares of Waste Connections to a “buy” rating and set a $94.00 price objective for the company in a research report on Tuesday, December 4th. Finally, TD Securities set a $87.00 price objective on shares of Waste Connections and gave the company a “hold” rating in a research report on Wednesday, November 28th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $87.91.

Shares of NYSE WCN traded up $1.34 during midday trading on Thursday, reaching $82.34. The company’s stock had a trading volume of 9,609 shares, compared to its average volume of 694,969. 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 has a fifty-two week low of $68.50 and a fifty-two week high of $85.06. The company has a market cap of $22.09 billion, a price-to-earnings ratio of 32.65, a PEG ratio of 2.50 and a beta of 0.30.

Waste Connections (NYSE:WCN) last released its quarterly earnings results on Wednesday, February 13th. The business services provider reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. Waste Connections had a net margin of 11.11% and a return on equity of 10.49%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the business earned $0.52 earnings per share. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. On average, equities research analysts forecast that Waste Connections will post 2.86 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Waste Connections by 0.5% during the third quarter. Vanguard Group Inc. now owns 23,765,851 shares of the business services provider’s stock worth $1,895,802,000 after buying an additional 117,287 shares during the last quarter. Vanguard Group Inc grew its stake in shares of Waste Connections by 0.5% during the third quarter. Vanguard Group Inc now owns 23,765,851 shares of the business services provider’s stock worth $1,895,802,000 after buying an additional 117,287 shares during the last quarter. Lunia Capital LP bought a new stake in shares of Waste Connections during the fourth quarter worth $7,205,000. TD Asset Management Inc. grew its stake in shares of Waste Connections by 0.6% during the third quarter. TD Asset Management Inc. now owns 5,249,729 shares of the business services provider’s stock worth $418,216,000 after buying an additional 31,169 shares during the last quarter. Finally, Findlay Park Partners LLP grew its stake in shares of Waste Connections by 10.9% during the fourth quarter. Findlay Park Partners LLP now owns 4,138,563 shares of the business services provider’s stock worth $307,288,000 after buying an additional 405,209 shares during the last quarter. Institutional investors and hedge funds own 81.68% of the company’s stock.

About Waste Connections

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.

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Analyst Recommendations for Waste Connections (NYSE:WCN)

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