Waste Connections, Inc. (NYSE:WCN) Receives Consensus Recommendation of “Buy” from Brokerages

Waste Connections, Inc. (NYSE:WCN) has been given a consensus recommendation of “Buy” by the twenty-three research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have issued a buy rating and five have given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $206.50.

Several analysts have recently issued reports on the stock. Barclays restated a “negative” rating on shares of Waste Connections in a research report on Thursday, October 23rd. Citigroup restated a “neutral” rating and set a $183.00 price objective (down from $196.00) on shares of Waste Connections in a research report on Friday, January 16th. Stifel Nicolaus dropped their target price on Waste Connections from $221.00 to $218.00 and set a “buy” rating for the company in a report on Thursday, October 23rd. JPMorgan Chase & Co. decreased their price target on Waste Connections from $220.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, January 14th. Finally, The Goldman Sachs Group started coverage on Waste Connections in a research report on Monday, November 24th. They issued a “buy” rating and a $202.00 price target for the company.

Waste Connections Price Performance

Waste Connections stock opened at $169.34 on Monday. Waste Connections has a 52-week low of $162.06 and a 52-week high of $201.66. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.07. The firm’s fifty day moving average is $171.45 and its 200 day moving average is $175.21. The company has a market cap of $43.30 billion, a price-to-earnings ratio of 70.56, a PEG ratio of 3.06 and a beta of 0.62.

Hedge Funds Weigh In On Waste Connections

Large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in Waste Connections by 73.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 4,247 shares of the business services provider’s stock worth $745,000 after purchasing an additional 1,795 shares during the period. Cumberland Partners Ltd grew its stake in shares of Waste Connections by 22.8% during the fourth quarter. Cumberland Partners Ltd now owns 7,550 shares of the business services provider’s stock valued at $1,324,000 after buying an additional 1,400 shares during the last quarter. Legato Capital Management LLC purchased a new stake in shares of Waste Connections in the fourth quarter worth approximately $500,000. Global Retirement Partners LLC raised its holdings in shares of Waste Connections by 57.2% in the fourth quarter. Global Retirement Partners LLC now owns 2,307 shares of the business services provider’s stock worth $404,000 after buying an additional 839 shares during the period. Finally, Leonteq Securities AG bought a new stake in shares of Waste Connections during the 4th quarter worth approximately $343,000. 86.09% of the stock is owned by hedge funds and other institutional investors.

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.