Waste Connections (TSE:WCN) Sets New 12-Month High - What's Next?

Key Points

• Waste Connections reached a new 52-week high, trading as high as C$262.13 and closing near C$261.92, up approximately 1% on the day.
• Analyst sentiment remains strongly positive: UBS upgraded the stock to “buy,” while all six tracked analysts rate it Buy or Strong Buy. However, the consensus price target of C$200 is below the current share price.
• The company has a C$65.92 billion market capitalization and serves about nine million customers across the U.S. and Canada. Insider ownership is low at 0.21%, and an insider recently sold 300 shares.

Shares of Waste Connections, Inc. (TSE:WCN - Get Free Report) hit a new 52-week high on Friday. The stock traded as high as C$262.13 and last traded at C$261.92, with a volume of 270,650 shares trading hands. The stock had previously closed at C$258.95.

Analysts Set New Price Targets

Separately, UBS Group upgraded Waste Connections from a "hold" rating to a "buy" rating and set a C$200.00 price target for the company in a research note on Friday, September 18th. Five equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat, the stock has an average rating of "Strong Buy" and a consensus price target of C$200.00.

Waste Connections Stock Up 1.0%

The company has a quick ratio of 0.74, a current ratio of 0.67 and a debt-to-equity ratio of 123.96. The stock has a market capitalization of C$65.92 billion, a PE ratio of 63.17, a PEG ratio of 2.22 and a beta of 0.47. The firm's fifty day moving average is C$225.91 and its 200-day moving average is C$225.44.

Insiders Place Their Bets

In other Waste Connections news, insider Robert Andres Nielsen sold 300 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of C$242.93, for a total value of C$72,879.00. Following the completion of the transaction, the insider owned 3,950 shares in the company, valued at approximately C$959,573.50. This represents a 7.06% decrease in their ownership of the stock. 0.21% of the stock is owned by corporate insiders.

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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