Waste Connections, Inc. (TSE:WCN) Given Average Rating of "Buy" by 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 been given a consensus rating of "Buy" by the seven brokerages that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and five have given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$265.00.

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

Insider Activity

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

Waste Connections Stock Performance

Shares of Waste Connections stock opened at C$241.98 on Friday. The stock has a market cap of C$62.22 billion, a PE ratio of 97.57, a price-to-earnings-growth ratio of 2.22 and a beta of 0.40. The business has a fifty day simple moving average of C$252.80 and a 200-day simple moving average of C$261.43. 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.

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.

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