Waste Connections, Inc. (TSE:WCN) Receives C$265.00 Consensus Target Price from Brokerages

Key Points

• Waste Connections, Inc. (TSE:WCN) has received a consensus rating of "Buy" from seven brokerages, including five strong buy ratings and two holds, with an average 1-year price target of C$265.00.
• Recently, several analysts upgraded Waste Connections to strong buy ratings, indicating growing confidence in the company's performance.
• Insider Patrick J. Shea sold 5,000 shares at an average price of C$258.01, resulting in a significant decrease of 19.48% in their ownership stake in the company.

Waste Connections, Inc. (TSE:WCN - Get Free Report) has earned an average recommendation of "Buy" from the seven analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$265.00.

A number of equities research analysts have recently weighed in on the stock. National Bank Financial raised shares of Waste Connections to a "strong-buy" rating in a report on Monday, May 26th. Atb Cap Markets upgraded shares of Waste Connections from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 24th. Finally, Melius Research upgraded shares of Waste Connections to a "strong-buy" rating in a research report on Monday, June 9th.

Waste Connections Stock Performance

Shares of WCN traded down C$1.36 during trading hours on Friday, reaching C$238.86. 475,899 shares of the company traded hands, compared to its average volume of 309,012. The stock has a market capitalization of C$61.41 billion, a P/E ratio of 96.31, a P/E/G ratio of 2.22 and a beta of 0.40. The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 102.69. Waste Connections has a 12-month low of C$237.00 and a 12-month high of C$284.73. The business has a fifty day moving average price of C$252.31 and a 200-day moving average price of C$260.85.

Insider Transactions at Waste Connections

In related news, insider Patrick J. Shea sold 5,000 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of C$258.01, for a total transaction of C$1,290,045.00. Following the completion of the transaction, the insider directly owned 20,671 shares in the company, valued at C$5,333,304.04. The trade was a 19.48% decrease in their ownership of the stock. 0.21% of the stock is owned by corporate insiders.

Waste Connections Company Profile

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.