Waste Connections, Inc. (TSE:WCN) Given Average Rating of "Strong Buy" by Brokerages

Shares of Waste Connections, Inc. (TSE:WCN - Get Free Report) have earned a consensus rating of "Strong Buy" from the seven brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and six have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$260.00.

Several brokerages recently issued reports on WCN. Atb Cap Markets raised shares of Waste Connections from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 24th. Barclays raised shares of Waste Connections to a "hold" rating in a research note on Friday, September 19th. Finally, Scotiabank raised shares of Waste Connections from a "hold" rating to a "strong-buy" rating in a research note on Friday.

Insider Buying and Selling at Waste Connections

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

Waste Connections Trading Up 1.3%

Shares of WCN stock opened at C$241.95 on Tuesday. Waste Connections has a 12-month low of C$236.00 and a 12-month high of C$284.73. The company has a market capitalization of C$62.29 billion, a P/E ratio of 97.56, a P/E/G ratio of 2.22 and a beta of 0.39. The firm has a 50-day moving average price of C$248.29 and a 200 day moving average price of C$257.82. 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 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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