Waste Connections (TSE:WCN) PT Lowered to C$138.00

Waste Connections (TSE:WCN – Get Rating) had its price objective decreased by equities researchers at Morgan Stanley to C$138.00 in a research note issued to investors on Wednesday, Stock Target Advisor reports. The firm currently has a “buy” rating on the stock. Morgan Stanley’s price objective points to a potential downside of 11.79% from the company’s current price.

A number of other analysts also recently commented on WCN. Atb Cap Markets reaffirmed a “sector perform” rating on shares of Waste Connections in a research report on Wednesday, May 4th. Scotiabank downgraded Waste Connections to a “hold” rating and set a C$135.00 target price for the company. in a research report on Thursday, April 7th. JPMorgan Chase & Co. initiated coverage on Waste Connections in a research report on Tuesday, March 1st. They issued a “buy” rating and a C$147.00 target price for the company. Oppenheimer reissued a “buy” rating and issued a C$144.00 target price on shares of Waste Connections in a research report on Wednesday, March 23rd. Finally, Veritas Investment Research downgraded Waste Connections from a “buy” rating to a “reduce” rating in a research report on Thursday, May 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$145.00.

WCN stock opened at C$156.45 on Wednesday. Waste Connections has a twelve month low of C$146.46 and a twelve month high of C$183.55. The company has a quick ratio of 0.89, a current ratio of 1.12 and a debt-to-equity ratio of 89.38. The stock’s 50 day moving average is C$163.45 and its 200-day moving average is C$164.70. The firm has a market capitalization of C$40.23 billion and a PE ratio of 48.68.

Waste Connections (TSE:WCN – Get Rating) last posted its earnings results on Tuesday, May 3rd. The company reported C$1.04 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.05 by C($0.01). The firm had revenue of C$2.09 billion during the quarter, compared to the consensus estimate of C$2.05 billion. On average, equities research analysts anticipate that Waste Connections will post 4.512392 earnings per share for the current fiscal year.

About Waste Connections (Get Rating)

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.

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