Waste Connections (NYSE:WCN) Given New $197.00 Price Target at JPMorgan Chase & Co.

Waste Connections (NYSE:WCN) had its price target reduced by investment analysts at JPMorgan Chase & Co. from $198.00 to $197.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 12.06% from the company’s previous close.

A number of other analysts have also commented on WCN. Royal Bank of Canada boosted their price objective on shares of Waste Connections from $195.00 to $199.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Truist Financial increased their price objective on shares of Waste Connections from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Citigroup lifted their target price on Waste Connections from $190.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Eight Capital raised Waste Connections to a “hold” rating in a research report on Wednesday, October 9th. Finally, Oppenheimer raised their price target on Waste Connections from $191.00 to $194.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Six analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $195.56.

Waste Connections Stock Performance

WCN opened at $175.80 on Friday. The company has a market capitalization of $45.37 billion, a price-to-earnings ratio of 52.63, a P/E/G ratio of 2.98 and a beta of 0.72. The business’s 50-day moving average price is $181.95 and its two-hundred day moving average price is $175.17. Waste Connections has a 1 year low of $126.12 and a 1 year high of $187.54. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.70 and a quick ratio of 0.70.

Waste Connections (NYSE:WCN) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.05. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.30 billion. Waste Connections had a return on equity of 15.16% and a net margin of 10.23%. Waste Connections’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.17 EPS. Equities analysts expect that Waste Connections will post 4.82 EPS for the current fiscal year.

Insider Buying and Selling

In other Waste Connections news, CFO Mary Anne Whitney sold 16,300 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $178.05, for a total value of $2,902,215.00. Following the transaction, the chief financial officer now directly owns 48,899 shares of the company’s stock, valued at $8,706,466.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Susan Netherton sold 2,000 shares of Waste Connections stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $179.13, for a total transaction of $358,260.00. Following the completion of the sale, the senior vice president now owns 10,078 shares of the company’s stock, valued at approximately $1,805,272.14. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mary Anne Whitney sold 16,300 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $178.05, for a total transaction of $2,902,215.00. Following the completion of the transaction, the chief financial officer now owns 48,899 shares in the company, valued at $8,706,466.95. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,600 shares of company stock valued at $3,842,550. Company insiders own 0.31% of the company’s stock.

Institutional Trading of Waste Connections

Institutional investors have recently bought and sold shares of the business. Highview Capital Management LLC DE raised its position in shares of Waste Connections by 14.4% in the third quarter. Highview Capital Management LLC DE now owns 6,470 shares of the business services provider’s stock valued at $1,158,000 after buying an additional 816 shares in the last quarter. Integrated Advisors Network LLC increased its stake in Waste Connections by 8.2% during the 3rd quarter. Integrated Advisors Network LLC now owns 1,481 shares of the business services provider’s stock worth $265,000 after acquiring an additional 112 shares during the period. Autumn Glory Partners LLC acquired a new position in Waste Connections in the 3rd quarter valued at $257,000. Canoe Financial LP bought a new stake in shares of Waste Connections during the 3rd quarter valued at $2,129,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Waste Connections by 5.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,575 shares of the business services provider’s stock valued at $818,000 after acquiring an additional 239 shares during the period. Institutional investors own 86.09% of the company’s stock.

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.