Oppenheimer restated their market perform rating on shares of Waste Connections (NYSE:WCN) in a research report report published on Thursday, BenzingaRatingsTable reports. Oppenheimer also issued estimates for Waste Connections’ Q3 2019 earnings at $0.72 EPS.
Several other research analysts have also issued reports on WCN. BMO Capital Markets set a $76.00 target price on shares of Gilead Sciences and gave the stock a buy rating in a research note on Monday, July 15th. AltaCorp Capital downgraded shares of Waste Connections from an outperform rating to a sector perform rating in a report on Thursday, April 25th. Royal Bank of Canada set a $147.00 price objective on shares of Ameriprise Financial and gave the stock a hold rating in a report on Friday, April 26th. UBS Group restated a hold rating on shares of Deutsche Bank in a report on Thursday, April 4th. Finally, Zacks Investment Research upgraded shares of Zymeworks from a hold rating to a buy rating and set a $19.00 price objective on the stock in a report on Saturday, April 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $95.79.
Shares of NYSE WCN opened at $94.58 on Thursday. The company has a market capitalization of $24.94 billion, a price-to-earnings ratio of 37.53, a PEG ratio of 2.76 and a beta of 0.21. Waste Connections has a 12-month low of $70.28 and a 12-month high of $97.93. The business’s fifty day moving average is $95.18. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.47 and a current ratio of 1.47.
Waste Connections (NYSE:WCN) last issued its earnings results on Wednesday, April 24th. The business services provider reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.24 billion. Waste Connections had a net margin of 10.89% and a return on equity of 10.58%. Waste Connections’s revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 earnings per share. As a group, equities analysts anticipate that Waste Connections will post 2.75 EPS for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in WCN. Norges Bank acquired a new position in Waste Connections during the fourth quarter worth $378,868,000. FMR LLC raised its holdings in shares of Waste Connections by 50.3% in the first quarter. FMR LLC now owns 3,455,088 shares of the business services provider’s stock valued at $306,071,000 after purchasing an additional 1,155,609 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Waste Connections by 1,018.0% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 703,287 shares of the business services provider’s stock valued at $81,784,000 after purchasing an additional 640,380 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Waste Connections by 218.2% in the fourth quarter. Millennium Management LLC now owns 593,616 shares of the business services provider’s stock valued at $44,076,000 after purchasing an additional 407,070 shares during the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of Waste Connections by 41.9% in the first quarter. California Public Employees Retirement System now owns 1,200,672 shares of the business services provider’s stock valued at $106,368,000 after purchasing an additional 354,718 shares during the last quarter. Hedge funds and other institutional investors own 83.30% of the company’s stock.
About Waste Connections
Waste Connections, Inc provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through six segments: Southern, Western, Eastern, Canada, Central, and Exploration and Production (E&P). It offers collection services to residential, commercial, municipal, industrial, and 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.
Featured Article: Are we seeing the beginning of a new bubble?
Receive News & Ratings for Waste Connections Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Connections and related companies with MarketBeat.com's FREE daily email newsletter.