Waste Connections (TSE:WCN) Stock Rating Upgraded by Melius Research

Melius Research upgraded shares of Waste Connections (TSE:WCN - Free Report) to a strong-buy rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities research analysts have also issued reports on the company. Seaport Res Ptn raised Waste Connections to a "strong-buy" rating in a research report on Tuesday, May 6th. William Blair raised Waste Connections to a "strong-buy" rating in a research report on Thursday, April 3rd. Finally, National Bank Financial raised Waste Connections to a "strong-buy" rating in a research report on Monday, May 26th. Two analysts have rated the stock with a hold rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of C$265.00.

Waste Connections Stock Down 0.5%

Shares of WCN traded down C$1.39 during trading on Monday, reaching C$259.20. The company's stock had a trading volume of 178,251 shares, compared to its average volume of 293,994. The company has a fifty day moving average of C$268.36 and a two-hundred day moving average of C$265.26. Waste Connections has a twelve month low of C$229.26 and a twelve month high of C$284.73. The company has a market cap of C$47.12 billion, a price-to-earnings ratio of 50.10, a P/E/G ratio of 2.22 and a beta of 0.72. The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 102.69.

Insider Buying and Selling

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