Scotiabank Lowers Waste Connections (NYSE:WCN) Price Target to $192.00

Waste Connections (NYSE:WCN) had its target price lowered by analysts at Scotiabank from $196.00 to $192.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “sector perform” rating on the business services provider’s stock. Scotiabank’s price objective points to a potential upside of 6.99% from the stock’s current price.

A number of other research analysts also recently weighed in on the stock. Jefferies Financial Group reduced their target price on shares of Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a research report on Thursday. Morgan Stanley boosted their price objective on Waste Connections from $206.00 to $214.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Citigroup increased their price objective on Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. BMO Capital Markets reduced their price target on shares of Waste Connections from $198.00 to $196.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. lowered their price target on Waste Connections from $198.00 to $197.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Waste Connections has a consensus rating of “Moderate Buy” and an average price target of $199.06.

Waste Connections Stock Performance

NYSE WCN opened at $179.46 on Monday. Waste Connections has a 1 year low of $153.07 and a 1 year high of $194.83. The firm has a market cap of $46.31 billion, a price-to-earnings ratio of 49.30, a PEG ratio of 2.67 and a beta of 0.76. The company has a fifty day moving average price of $180.40 and a 200-day moving average price of $180.87. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.77.

Institutional Trading of Waste Connections

Several institutional investors and hedge funds have recently bought and sold shares of WCN. Global Trust Asset Management LLC purchased a new position in shares of Waste Connections during the 3rd quarter worth approximately $36,000. FSA Wealth Management LLC bought a new stake in Waste Connections during the third quarter worth about $40,000. Asset Dedication LLC purchased a new stake in Waste Connections in the third quarter worth about $41,000. Continuum Advisory LLC increased its stake 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 valued at $42,000 after purchasing an additional 83 shares in the last quarter. Finally, Kennebec Savings Bank purchased a new position in shares of Waste Connections during the third quarter valued at approximately $47,000. 86.09% of the stock is currently owned by hedge funds and other institutional investors.

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.