Waste Connections, Inc. (TSE:WCN - Get Free Report)'s share price dropped 4.9% on Wednesday . The company traded as low as C$241.36 and last traded at C$241.97. Approximately 687,490 shares traded hands during trading, an increase of 132% from the average daily volume of 296,084 shares. The stock had previously closed at C$254.38.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. National Bank Financial upgraded 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 research note on Monday, June 9th. Seaport Res Ptn raised Waste Connections to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, William Blair upgraded Waste Connections to a "strong-buy" rating in a report on Thursday, April 3rd. Two research analysts have rated the stock with a hold rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat, Waste Connections presently has an average rating of "Buy" and an average price target of C$265.00.
Check Out Our Latest Analysis on WCN
Waste Connections Stock Down 4.9%
The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 102.69. The company's fifty day moving average price is C$264.08 and its 200-day moving average price is C$264.21. The stock has a market capitalization of C$43.98 billion, a PE ratio of 46.77, a price-to-earnings-growth ratio of 2.22 and a beta of 0.72.
Insider Buying and Selling at Waste Connections
In related news, Senior Officer Robert Andres Nielsen sold 473 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of C$269.79, for a total value of C$127,610.67. 0.21% of the stock is owned by insiders.
About Waste Connections
(
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.
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