Waste Connections (TSE:WCN) Upgraded by Atb Cap Markets to "Strong-Buy" Rating

Key Points

• Atb Cap Markets has upgraded Waste Connections (TSE:WCN) from a "hold" rating to a "strong-buy" rating, indicating increased confidence in the company's stock.
• Several other research firms have also rated Waste Connections as a "strong-buy," with a total of five strong buy ratings and a current consensus price target of C$265.00.
• The company's market capitalization stands at C$46.59 billion, with shares trading at C$256.30, reflecting a slight decrease of 0.3% on the day of the report.

Waste Connections (TSE:WCN - Get Free Report) was upgraded by stock analysts at Atb Cap Markets from a "hold" rating to a "strong-buy" rating in a report released on Thursday,Zacks.com reports.

WCN has been the topic of several other reports. Melius Research upgraded Waste Connections to a "strong-buy" rating in a research note on Monday, June 9th. William Blair upgraded Waste Connections to a "strong-buy" rating in a research report on Thursday, April 3rd. Seaport Res Ptn upgraded Waste Connections to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, National Bank Financial upgraded Waste Connections to a "strong-buy" rating in a research report on Monday, May 26th. Two investment analysts have rated the stock with a hold rating and five have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Waste Connections presently has a consensus rating of "Buy" and a consensus price target of C$265.00.

Waste Connections Stock Down 0.3%

Shares of TSE:WCN traded down C$0.73 during mid-day trading on Thursday, hitting C$255.57. 282,954 shares of the company traded hands, compared to its average volume of 307,257. The stock has a market cap of C$46.46 billion, a P/E ratio of 49.40, a P/E/G ratio of 2.22 and a beta of 0.72. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 102.69. Waste Connections has a 12-month low of C$237.56 and a 12-month high of C$284.73. The stock has a 50-day moving average price of C$257.64 and a two-hundred day moving average price of C$264.61.

Insiders Place Their Bets

In other Waste Connections news, Senior Officer Robert Andres Nielsen sold 473 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of C$269.79, for a total transaction of C$127,610.67. 0.21% of the stock is owned by insiders.

About Waste Connections

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.