Waste Connections, Inc. (TSE:WCN) Receives C$265.00 Average PT from Brokerages

Key Points

• Waste Connections, Inc. has received an average recommendation of "Buy" from seven research firms, with five analysts
• The average 1-year price objective among brokerages for Waste Connections stock is C$265.00.
• As of the latest data, Waste Connections shares have a market capitalization of C$47.61 billion and are trading slightly down by 0.9% at C$261.92.

Shares of Waste Connections, Inc. (TSE:WCN - Get Free Report) have received an average recommendation of "Buy" from the seven analysts that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is C$265.00.

A number of analysts have recently weighed in on WCN shares. Atb Cap Markets raised shares of Waste Connections from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 24th. National Bank Financial raised shares of Waste Connections to a "strong-buy" rating in a report on Monday, May 26th. Melius Research raised shares of Waste Connections to a "strong-buy" rating in a report on Monday, June 9th. Finally, Seaport Res Ptn raised shares of Waste Connections to a "strong-buy" rating in a report on Tuesday, May 6th.

Insider Transactions at Waste Connections

In other Waste Connections news, Senior Officer Robert Andres Nielsen sold 473 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of C$269.79, for a total value of C$127,610.67. Insiders own 0.21% of the company's stock.

Waste Connections Stock Down 0.5%

Shares of WCN stock traded down C$1.26 during mid-day trading on Thursday, reaching C$257.48. 497,916 shares of the company were exchanged, compared to its average volume of 310,984. Waste Connections has a fifty-two week low of C$237.56 and a fifty-two week high of C$284.73. The company has a debt-to-equity ratio of 102.69, a quick ratio of 0.74 and a current ratio of 0.77. The company has a market capitalization of C$46.80 billion, a P/E ratio of 49.77, a P/E/G ratio of 2.22 and a beta of 0.72. The business's 50 day simple moving average is C$256.55 and its 200 day simple moving average is C$264.77.

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.