Waste Connections (TSE:WCN) Price Target Raised to C$240.00 at ATB Capital

Waste Connections (TSE:WCN - Free Report) had its target price boosted by ATB Capital from C$235.00 to C$240.00 in a research note issued to investors on Friday, BayStreet.CA reports. ATB Capital currently has a sector perform rating on the stock.

A number of other equities analysts have also issued reports on the company. Royal Bank of Canada increased their price target on Waste Connections from C$169.00 to C$182.00 and gave the company an outperform rating in a research note on Thursday, February 15th. Atb Cap Markets lowered Waste Connections from an outperform rating to a sector perform rating in a research note on Wednesday, February 14th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Waste Connections presently has an average rating of Hold and an average target price of C$193.10.

Waste Connections Price Performance

TSE WCN traded down C$2.10 on Friday, reaching C$223.55. 206,065 shares of the stock traded hands, compared to its average volume of 237,784. The firm's fifty day simple moving average is C$228.55 and its 200 day simple moving average is C$206.16. The company has a quick ratio of 0.74, a current ratio of 0.68 and a debt-to-equity ratio of 91.42. The company has a market cap of C$57.68 billion, a price-to-earnings ratio of 55.47, a P/E/G ratio of 2.22 and a beta of 0.66. Waste Connections has a 12 month low of C$174.74 and a 12 month high of C$234.79.

Waste Connections (TSE:WCN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The company reported C$1.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$1.38 by C$0.02. The firm had revenue of C$2.79 billion during the quarter, compared to analyst estimates of C$2.78 billion. Waste Connections had a return on equity of 10.30% and a net margin of 9.51%. As a group, research analysts predict that Waste Connections will post 8.9363601 EPS for the current fiscal year.

Waste Connections Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Wednesday, May 8th will be given a $0.385 dividend. This represents a $1.54 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Tuesday, May 7th. This is a boost from Waste Connections's previous quarterly dividend of $0.38. Waste Connections's dividend payout ratio (DPR) is 38.21%.

Insider Transactions at Waste Connections

In related news, Senior Officer Matthew Stephen Black sold 4,128 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of C$167.34, for a total transaction of C$690,760.94. In related news, Director Andrea Elisabeth Bertone sold 902 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of C$169.17, for a total transaction of C$152,589.90. Also, Senior Officer Matthew Stephen Black sold 4,128 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of C$167.34, for a total value of C$690,760.94. Insiders sold a total of 18,026 shares of company stock valued at $3,043,157 over the last quarter. Company insiders own 0.28% of the company's stock.

Waste Connections Company Profile

Waste Connections, Inc provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (E&P) customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals.