Waste Connections (NYSE:WCN) Price Target Cut to $210.00 by Analysts at Jefferies Financial Group

Waste Connections (NYSE:WCN) had its price objective lowered by equities research analysts at Jefferies Financial Group from $225.00 to $210.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 12.28% from the company’s current price.

Several other analysts have also issued reports on the stock. Eight Capital upgraded shares of Waste Connections to a “hold” rating in a research report on Wednesday, October 9th. Raymond James lowered their price target on shares of Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating for the company in a report on Friday, October 25th. Oppenheimer boosted their price target on shares of Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Stifel Nicolaus upped their target price on shares of Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Waste Connections from $198.00 to $197.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $199.06.

Waste Connections Stock Performance

Shares of Waste Connections stock traded up $6.39 during trading on Thursday, hitting $187.03. 240,157 shares of the company’s stock were exchanged, compared to its average volume of 885,710. 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 business has a 50-day simple moving average of $180.11 and a 200-day simple moving average of $180.91. Waste Connections has a 52-week low of $153.07 and a 52-week high of $194.83. The stock has a market capitalization of $48.27 billion, a price-to-earnings ratio of 51.38, a PEG ratio of 2.67 and a beta of 0.76.

Institutional Investors Weigh In On Waste Connections

Several large investors have recently made changes to their positions in WCN. Van ECK Associates Corp boosted its stake in shares of Waste Connections by 5.5% in the 4th quarter. Van ECK Associates Corp now owns 47,873 shares of the business services provider’s stock valued at $8,214,000 after purchasing an additional 2,479 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Waste Connections by 14.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 508,810 shares of the business services provider’s stock worth $86,471,000 after buying an additional 65,844 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in Waste Connections during the 4th quarter worth about $27,000. Paladin Wealth LLC lifted its position in Waste Connections by 24.5% during the 4th quarter. Paladin Wealth LLC now owns 2,865 shares of the business services provider’s stock valued at $492,000 after purchasing an additional 563 shares during the period. Finally, Sycomore Asset Management increased its stake in Waste Connections by 80.8% during the 4th quarter. Sycomore Asset Management now owns 117,228 shares of the business services provider’s stock worth $20,114,000 after purchasing an additional 52,372 shares in the last quarter. Institutional investors 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.