Waste Connections (NYSE:WCN) Upgraded at Atb Cap Markets

Waste Connections (NYSE:WCNGet Rating) was upgraded by Atb Cap Markets from a “sector perform” rating to an “outperform” rating in a report issued on Thursday, PriceTargets.com reports.

WCN has been the topic of a number of other research reports. Oppenheimer set a $135.00 price objective on Waste Connections in a research note on Tuesday, July 19th. Scotiabank downgraded Waste Connections from a “sector outperform” rating to a “sector perform” rating and set a $135.00 price objective on the stock. in a research note on Thursday, April 7th. Morgan Stanley boosted their target price on Waste Connections from $146.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday. BMO Capital Markets boosted their target price on Waste Connections from $143.00 to $151.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Royal Bank of Canada boosted their target price on Waste Connections from $147.00 to $152.00 and gave the stock an “outperform” rating in a research report on Thursday. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Waste Connections has a consensus rating of “Buy” and an average target price of $147.13.

Waste Connections Stock Down 0.7 %

WCN opened at $138.33 on Thursday. Waste Connections has a one year low of $113.50 and a one year high of $145.62. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.12 and a current ratio of 0.94. The stock’s fifty day moving average is $125.48 and its 200-day moving average is $128.63. The company has a market capitalization of $35.57 billion, a PE ratio of 52.40, a P/E/G ratio of 2.94 and a beta of 0.72.

Waste Connections (NYSE:WCNGet Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The business services provider reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.01). Waste Connections had a return on equity of 13.38% and a net margin of 10.25%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the firm posted $0.70 EPS. The firm’s quarterly revenue was up 17.9% on a year-over-year basis. On average, equities analysts predict that Waste Connections will post 3.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of WCN. PFG Advisors grew its stake in Waste Connections by 2.4% in the first quarter. PFG Advisors now owns 25,055 shares of the business services provider’s stock valued at $3,507,000 after purchasing an additional 576 shares in the last quarter. Atria Investments LLC grew its stake in Waste Connections by 6.7% in the fourth quarter. Atria Investments LLC now owns 12,219 shares of the business services provider’s stock valued at $1,665,000 after purchasing an additional 767 shares in the last quarter. Elo Mutual Pension Insurance Co grew its stake in Waste Connections by 7.6% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 19,872 shares of the business services provider’s stock valued at $2,708,000 after purchasing an additional 1,405 shares in the last quarter. UMB Bank N A MO purchased a new position in Waste Connections in the fourth quarter valued at about $907,000. Finally, Gateway Investment Advisers LLC grew its stake in Waste Connections by 3.2% in the first quarter. Gateway Investment Advisers LLC now owns 89,336 shares of the business services provider’s stock valued at $12,480,000 after purchasing an additional 2,735 shares in the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

About Waste Connections

(Get Rating)

Waste Connections, Inc provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (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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