Waste Connections (NYSE:WCN) had its target price raised by analysts at Royal Bank of Canada from $100.00 to $111.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the business services provider’s stock. Royal Bank of Canada’s target price indicates a potential upside of 7.10% from the company’s current price.

Other research analysts have also issued research reports about the company. Raymond James increased their target price on Waste Connections from $109.00 to $117.00 and gave the stock a “strong-buy” rating in a research report on Friday. Deutsche Bank increased their target price on Waste Connections from $106.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday. KeyCorp increased their target price on Waste Connections from $106.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday. JPMorgan Chase & Co. lowered Waste Connections from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $96.00 to $98.00 in a research report on Thursday, January 23rd. They noted that the move was a valuation call. Finally, CIBC set a $99.00 target price on Waste Connections and gave the stock a “buy” rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Waste Connections has an average rating of “Buy” and an average target price of $104.80.

NYSE WCN traded up $0.84 on Friday, hitting $103.64. The company’s stock had a trading volume of 666,797 shares, compared to its average volume of 689,880. Waste Connections has a 52-week low of $80.66 and a 52-week high of $103.39. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.63. The company’s 50-day simple moving average is $96.03 and its 200 day simple moving average is $92.25. The firm has a market cap of $27.11 billion, a P/E ratio of 48.43, a PEG ratio of 3.86 and a beta of 0.08.

Waste Connections (NYSE:WCN) last announced its earnings results on Wednesday, February 12th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.07. Waste Connections had a return on equity of 10.62% and a net margin of 10.70%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the company earned $0.63 EPS. The business’s revenue was up 7.9% compared to the same quarter last year. On average, research analysts forecast that Waste Connections will post 2.66 EPS for the current fiscal year.

In related news, VP David Eddie sold 934 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $90.55, for a total transaction of $84,573.70. Following the completion of the transaction, the vice president now owns 41,023 shares of the company’s stock, valued at approximately $3,714,632.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.30% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Sandy Spring Bank increased its holdings in shares of Waste Connections by 137.1% in the 4th quarter. Sandy Spring Bank now owns 313 shares of the business services provider’s stock worth $28,000 after purchasing an additional 181 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Waste Connections by 279.6% in the 4th quarter. Quadrant Capital Group LLC now owns 520 shares of the business services provider’s stock worth $41,000 after purchasing an additional 383 shares in the last quarter. TRUE Private Wealth Advisors bought a new stake in shares of Waste Connections in the 4th quarter worth $63,000. Parallel Advisors LLC increased its holdings in shares of Waste Connections by 88.1% in the 4th quarter. Parallel Advisors LLC now owns 824 shares of the business services provider’s stock worth $75,000 after purchasing an additional 386 shares in the last quarter. Finally, Capital Wealth Alliance LLC purchased a new position in shares of Waste Connections in the 4th quarter worth $104,000. 82.77% of the stock is owned by institutional investors and hedge funds.

About Waste Connections

Waste Connections, Inc 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, mixed 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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