Waste Connections (TSE:WCN – Get Free Report) was upgraded by equities researchers at UBS Group from a “hold” rating to a “strong-buy” rating in a report released on Friday, Zacks reports.
Waste Connections Price Performance
WCN opened at C$217.45 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.74 and a debt-to-equity ratio of 121.68. The stock has a market capitalization of C$54.70 billion, a P/E ratio of 52.52, a PEG ratio of 2.22 and a beta of 0.42. The stock has a 50-day moving average price of C$231.61 and a 200-day moving average price of C$225.84. Waste Connections has a 12-month low of C$203.46 and a 12-month high of C$251.45.
Insider Transactions at Waste Connections
In other Waste Connections news, insider Robert Andres Nielsen sold 300 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of C$242.93, for a total transaction of C$72,879.00. Following the transaction, the insider directly owned 3,950 shares in the company, valued at C$959,573.50. This trade represents a 7.06% decrease in their ownership of the stock. 0.21% of the stock is currently owned by corporate insiders.
Waste Connections Company Profile
Waste Connections is the third- largest integrated provider of traditional solid waste and recycling services in the North America, operating 91 active landfills (12 are E&P waste landfills), 132 transfer stations, and 68 recycling operations. The firm serves residential, commercial, industrial, and energy end markets. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2020, 13% of consolidated revenue was generated from the firm’s Canadian segment.
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