Waste Connections, Inc. (TSE:WCN - Get Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$253.47 and traded as low as C$241.86. Waste Connections shares last traded at C$243.84, with a volume of 331,627 shares traded.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on WCN. Melius Research raised Waste Connections to a "strong-buy" rating in a research note on Monday, June 9th. Atb Cap Markets raised Waste Connections from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 24th. Finally, National Bank Financial raised Waste Connections to a "strong-buy" rating in a research note on Monday, May 26th. Five investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of C$265.00.
View Our Latest Stock Report on WCN
Waste Connections Price Performance
The company has a 50 day moving average price of C$253.47 and a 200 day moving average price of C$262.33. The firm has a market cap of C$62.69 billion, a PE ratio of 98.32, a price-to-earnings-growth ratio of 2.22 and a beta of 0.40. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 102.69.
Insider Transactions at Waste Connections
In related news, insider Patrick J. Shea sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of C$258.01, for a total value of C$1,290,045.00. Following the sale, the insider owned 20,671 shares of the company's stock, valued at approximately C$5,333,304.04. This represents a 19.48% decrease in their position. Insiders own 0.21% of the company's stock.
Waste Connections Company Profile
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Waste Connections, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Waste Connections wasn't on the list.
While Waste Connections currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
