Waste Connections (NYSE:WCN) Given New $210.00 Price Target at Jefferies Financial Group

Waste Connections (NYSE:WCN) had its price objective lowered by Jefferies Financial Group from $225.00 to $210.00 in a research report released on Thursday,BayStreet.CA reports. Jefferies Financial Group currently has a buy rating on the business services provider’s stock.

WCN has been the subject of several other research reports. Morgan Stanley boosted their target price on Waste Connections from $206.00 to $214.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. BMO Capital Markets cut their target price on shares of Waste Connections from $198.00 to $196.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Royal Bank of Canada boosted their price target on Waste Connections from $199.00 to $201.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Citigroup increased their target price on shares of Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Finally, Scotiabank lowered their price target on Waste Connections from $196.00 to $192.00 and set a “sector perform” rating for the company in a report on Monday. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Waste Connections currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.06.

Waste Connections Price Performance

Shares of Waste Connections stock opened at $186.53 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a 50 day moving average price of $180.11 and a 200-day moving average price of $180.91. The stock has a market cap of $48.14 billion, a price-to-earnings ratio of 51.24, a price-to-earnings-growth ratio of 2.83 and a beta of 0.76. Waste Connections has a one year low of $153.07 and a one year high of $194.83.

Institutional Investors Weigh In On Waste Connections

A number of institutional investors have recently modified their holdings of the business. American Trust increased its stake in shares of Waste Connections by 3.7% during the second quarter. American Trust now owns 1,573 shares of the business services provider’s stock worth $276,000 after purchasing an additional 56 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Waste Connections by 8.8% in the 4th quarter. Fifth Third Bancorp now owns 705 shares of the business services provider’s stock worth $121,000 after acquiring an additional 57 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Waste Connections by 0.4% in the fourth quarter. Jennison Associates LLC now owns 14,247 shares of the business services provider’s stock valued at $2,445,000 after buying an additional 63 shares in the last quarter. GAMMA Investing LLC grew its position in Waste Connections by 15.0% in the 3rd quarter. GAMMA Investing LLC now owns 529 shares of the business services provider’s stock valued at $95,000 after acquiring an additional 69 shares in the last quarter. Finally, Continuum Advisory LLC increased its position in shares of Waste Connections by 58.0% during the third quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock worth $42,000 after acquiring an additional 83 shares during the period. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Waste Connections Company Profile

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.