Oppenheimer Reaffirms Market Perform Rating for Waste Connections (NYSE:WCN)

Oppenheimer reiterated 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.

Other equities analysts have also issued research reports about the company. Stifel Nicolaus upgraded Waste Connections from a hold rating to a buy rating and lifted their target price for the company from $88.00 to $105.00 in a research note on Thursday, April 25th. Royal Bank of Canada set a $147.00 target price on Ameriprise Financial and gave the company a hold rating in a research note on Friday, April 26th. Bank of America upgraded Air Products & Chemicals from an underperform rating to a neutral rating and lifted their target price for the company from $170.00 to $215.00 in a research note on Thursday, April 25th. TD Securities lifted their target price on Waste Connections from $88.00 to $94.00 and gave the company a hold rating in a research note on Friday, April 26th. Finally, Raymond James set a $33.00 target price on LKQ and gave the company a buy rating in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Waste Connections presently has a consensus rating of Buy and an average target price of $95.79.

WCN opened at $94.58 on Thursday. The company has a 50-day moving average of $95.18. Waste Connections has a 1 year low of $70.28 and a 1 year high of $97.93. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.47 and a quick ratio of 1.47. The stock has a market capitalization of $24.94 billion, a price-to-earnings ratio of 37.53, a PEG ratio of 2.79 and a beta of 0.21.



Waste Connections (NYSE:WCN) last posted its earnings results on Wednesday, April 24th. The business services provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. Waste Connections had a return on equity of 10.58% and a net margin of 10.89%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the firm earned $0.56 earnings per share. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. As a group, research analysts predict that Waste Connections will post 2.77 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Oppenheimer Asset Management Inc. grew its stake in shares of Waste Connections by 5.4% during the first quarter. Oppenheimer Asset Management Inc. now owns 2,385 shares of the business services provider’s stock worth $211,000 after acquiring an additional 123 shares during the last quarter. Allstate Corp lifted its holdings in shares of Waste Connections by 0.5% during the first quarter. Allstate Corp now owns 28,753 shares of the business services provider’s stock worth $2,547,000 after purchasing an additional 133 shares during the period. ETF Managers Group LLC lifted its holdings in shares of Waste Connections by 8.9% during the first quarter. ETF Managers Group LLC now owns 2,003 shares of the business services provider’s stock worth $177,000 after purchasing an additional 164 shares during the period. Signaturefd LLC lifted its holdings in shares of Waste Connections by 24.5% during the first quarter. Signaturefd LLC now owns 854 shares of the business services provider’s stock worth $76,000 after purchasing an additional 168 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in shares of Waste Connections by 44.7% during the first quarter. Parallel Advisors LLC now owns 622 shares of the business services provider’s stock worth $55,000 after purchasing an additional 192 shares during the period. Institutional investors and hedge funds own 83.30% of the company’s stock.

Waste Connections Company Profile

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.

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Analyst Recommendations for Waste Connections (NYSE:WCN)

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