Waste Connections (NYSE:WCN) Price Target Cut to $192.00 by Analysts at Scotiabank

Waste Connections (NYSE:WCN) had its price target lowered by Scotiabank from $196.00 to $192.00 in a research report report published on Monday,Benzinga reports. The firm currently has a sector perform rating on the business services provider’s stock.

A number of other research firms have also weighed in on WCN. Jefferies Financial Group lowered their target price on Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Citigroup raised their price objective on Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. reduced their target price on shares of Waste Connections from $198.00 to $197.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Oppenheimer raised their price target on shares of Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, BMO Capital Markets reduced their price objective on shares of Waste Connections from $198.00 to $196.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $199.06.

Waste Connections Trading Down 1.1 %

NYSE:WCN opened at $180.94 on Monday. The firm has a 50-day simple moving average of $180.22 and a 200-day simple moving average of $180.91. Waste Connections has a one year low of $153.07 and a one year high of $194.83. The firm has a market cap of $46.70 billion, a P/E ratio of 49.71, a P/E/G ratio of 2.67 and a beta of 0.76. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.77.

Institutional Investors Weigh In On Waste Connections

A number of hedge funds have recently bought and sold shares of WCN. Principal Financial Group Inc. raised its holdings in Waste Connections by 307.1% in the third quarter. Principal Financial Group Inc. now owns 1,927,155 shares of the business services provider’s stock valued at $344,615,000 after acquiring an additional 1,453,733 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Waste Connections by 432.6% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,259,312 shares of the business services provider’s stock worth $225,078,000 after purchasing an additional 1,022,851 shares during the last quarter. National Bank of Canada FI lifted its holdings in Waste Connections by 35.3% during the 3rd quarter. National Bank of Canada FI now owns 2,678,562 shares of the business services provider’s stock worth $478,777,000 after buying an additional 699,012 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Waste Connections by 44.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,964,082 shares of the business services provider’s stock worth $351,037,000 after acquiring an additional 602,055 shares in the last quarter. Finally, Two Sigma Advisers LP increased its holdings in shares of Waste Connections by 199.4% in the 3rd quarter. Two Sigma Advisers LP now owns 591,250 shares of the business services provider’s stock valued at $105,727,000 after acquiring an additional 393,763 shares during the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

About Waste Connections

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.