Shares of Waste Connections, Inc. (TSE:WCN – Get Free Report) have been assigned a consensus rating of “Strong Buy” from the six research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a buy recommendation and five have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$200.00.
Separately, UBS Group upgraded shares of Waste Connections from a “hold” rating to a “buy” rating and set a C$200.00 target price on the stock in a report on Friday, September 18th.
Read Our Latest Research Report on WCN
Insider Activity
In related news, insider James M. Little sold 2,000 shares of Waste Connections stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of C$258.79, for a total transaction of C$517,580.00. Following the completion of the transaction, the insider directly owned 32,395 shares of the company’s stock, valued at C$8,383,502.05. This trade represents a 5.81% decrease in their position. 0.21% of the stock is currently owned by insiders.
Waste Connections Price Performance
WCN opened at C$266.73 on Friday. The stock has a fifty day simple moving average of C$232.42 and a two-hundred day simple moving average of C$227.94. The company has a current ratio of 0.67, a quick ratio of 0.74 and a debt-to-equity ratio of 123.96. The company has a market cap of C$66.75 billion, a price-to-earnings ratio of 59.80, a price-to-earnings-growth ratio of 2.22 and a beta of 0.53. Waste Connections has a 12-month low of C$203.46 and a 12-month high of C$273.33.
Waste Connections Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Thursday, November 19th will be paid a $0.3850 dividend. This represents a $1.54 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, November 5th. Waste Connections’s dividend payout ratio (DPR) is presently 31.39%.
Waste Connections Company Profile
Waste Connections ( wasteconnections.com ) is an integrated solid waste services company that provides non-hazardous waste collection, transfer and disposal services, including by rail, along with resource recovery primarily through recycling and renewable fuels generation. The Company serves approximately nine million residential, commercial and industrial customers in mostly exclusive and secondary markets across 46 states in the U.S. and six provinces in Canada. Waste Connections also provides non-hazardous oilfield waste treatment, recovery and disposal services in several basins across the U.S.
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