Waste Connections (NYSE:WCN) Price Target Lowered to $210.00 at JPMorgan Chase & Co.

Waste Connections (NYSE:WCN) had its price target reduced by equities researchers at JPMorgan Chase & Co. from $220.00 to $210.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 27.96% from the stock’s current price.

WCN has been the topic of several other research reports. Scotiabank restated an “outperform” rating and set a $210.00 price target on shares of Waste Connections in a research note on Thursday, October 23rd. Barclays restated a “negative” rating on shares of Waste Connections in a report on Thursday, October 23rd. UBS Group set a $205.00 price target on Waste Connections in a research note on Monday, January 5th. CIBC set a $208.00 price objective on Waste Connections in a research note on Thursday, January 8th. Finally, BNP Paribas raised Waste Connections to a “strong-buy” rating in a research report on Tuesday, January 6th. Six analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $207.74.

Waste Connections Stock Up 0.6%

WCN traded up $1.06 on Wednesday, reaching $164.12. 2,285,366 shares of the company traded hands, compared to its average volume of 1,713,679. Waste Connections has a 52-week low of $162.06 and a 52-week high of $201.66. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market cap of $41.97 billion, a price-to-earnings ratio of 68.41, a PEG ratio of 3.00 and a beta of 0.63. The stock’s 50 day moving average price is $172.59 and its 200-day moving average price is $177.07.

Waste Connections (NYSE:WCN) last released its quarterly earnings data on Tuesday, October 21st. The business services provider reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.06. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.46 billion. Waste Connections had a return on equity of 16.07% and a net margin of 6.65%.The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.35 earnings per share. On average, sell-side analysts expect that Waste Connections will post 5.28 EPS for the current fiscal year.

Insider Buying and Selling at Waste Connections

In other news, Director Edward E. Guillet sold 9,000 shares of the firm’s stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $174.44, for a total value of $1,569,960.00. Following the sale, the director owned 14,883 shares in the company, valued at approximately $2,596,190.52. This trade represents a 37.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.28% of the company’s stock.

Institutional Trading of Waste Connections

A number of hedge funds have recently bought and sold shares of the stock. Lido Advisors LLC raised its position in shares of Waste Connections by 2.1% during the second quarter. Lido Advisors LLC now owns 2,949 shares of the business services provider’s stock valued at $551,000 after buying an additional 61 shares during the last quarter. Legacy Wealth Asset Management LLC raised its holdings in Waste Connections by 0.8% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 7,895 shares of the business services provider’s stock valued at $1,388,000 after acquiring an additional 61 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in shares of Waste Connections by 1.6% in the 2nd quarter. Valeo Financial Advisors LLC now owns 4,052 shares of the business services provider’s stock worth $757,000 after acquiring an additional 63 shares during the period. Kestra Private Wealth Services LLC grew its holdings in shares of Waste Connections by 2.6% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 2,556 shares of the business services provider’s stock worth $449,000 after purchasing an additional 64 shares in the last quarter. Finally, RDA Financial Network increased its position in shares of Waste Connections by 2.8% during the fourth quarter. RDA Financial Network now owns 2,459 shares of the business services provider’s stock valued at $431,000 after purchasing an additional 67 shares during the period. 86.09% of the stock is owned by institutional investors.

Waste Connections Company Profile

Waste Connections (NYSE: WCN) is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.

The company’s operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.