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

Waste Connections (NYSE:WCN) had its price objective reduced by Scotiabank from $196.00 to $192.00 in a research note released on Monday morning,Benzinga reports. They currently have a sector perform rating on the business services provider’s stock.

WCN has been the topic of a number of other reports. Raymond James lowered their price target on Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating on the stock in a report on Friday, October 25th. Jefferies Financial Group dropped 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, January 23rd. JPMorgan Chase & Co. reduced their price target on shares of Waste Connections from $198.00 to $197.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Morgan Stanley increased their price objective on shares of Waste Connections from $206.00 to $214.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, CIBC reduced their target price on Waste Connections from $215.00 to $212.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. 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’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $199.06.

Waste Connections Stock Down 1.1 %

Shares of WCN stock opened at $180.94 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.77. Waste Connections has a one year low of $153.07 and a one year high of $194.83. The company’s fifty day moving average price is $180.22 and its 200-day moving average price is $180.91. The company has a market capitalization of $46.70 billion, a price-to-earnings ratio of 49.71, a PEG ratio of 2.67 and a beta of 0.76.

Institutional Trading of Waste Connections

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Waste Connections by 0.6% in the third quarter. FMR LLC now owns 5,313,725 shares of the business services provider’s stock worth $950,055,000 after buying an additional 30,890 shares during the period. National Bank of Canada FI increased its stake in Waste Connections by 35.3% in the third quarter. National Bank of Canada FI now owns 2,678,562 shares of the business services provider’s stock worth $478,777,000 after purchasing an additional 699,012 shares during the period. Fiera Capital Corp increased its stake in Waste Connections by 6.5% in the third quarter. Fiera Capital Corp now owns 2,332,002 shares of the business services provider’s stock worth $417,385,000 after purchasing an additional 142,751 shares during the period. Montrusco Bolton Investments Inc. lifted its position in shares of Waste Connections by 15.5% during the third quarter. Montrusco Bolton Investments Inc. now owns 2,303,339 shares of the business services provider’s stock worth $401,936,000 after purchasing an additional 309,619 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Waste Connections by 44.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,964,082 shares of the business services provider’s stock valued at $351,037,000 after purchasing an additional 602,055 shares during the period. 86.09% of the stock is owned by hedge funds and other institutional investors.

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.