Waste Connections, Inc. (TSE:WCN - Get Free Report)'s stock price dropped 4.9% on Wednesday . The stock traded as low as C$241.36 and last traded at C$241.97. Approximately 687,490 shares traded hands during mid-day 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
A number of research firms recently commented on WCN. Seaport Res Ptn raised shares of Waste Connections to a "strong-buy" rating in a report on Tuesday, May 6th. Melius Research upgraded shares of Waste Connections to a "strong-buy" rating in a research note on Monday, June 9th. National Bank Financial raised Waste Connections to a "strong-buy" rating in a report on Monday, May 26th. Finally, William Blair upgraded shares of Waste Connections to a "strong-buy" rating in a research report on Thursday, April 3rd. Two analysts have rated the stock with a hold rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, Waste Connections currently has a consensus rating of "Buy" and a consensus target price of C$265.00.
Read Our Latest Research Report on Waste Connections
Waste Connections Stock Up 0.2%
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 cap of C$44.48 billion, a PE ratio of 47.29, a PEG ratio of 2.22 and a beta of 0.72. The firm has a fifty day simple moving average of C$263.02 and a 200 day simple moving average of C$264.09.
Insider Buying and Selling
In related news, Senior Officer Robert Andres Nielsen sold 473 shares of the company's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of C$269.79, for a total transaction of C$127,610.67. 0.21% of the stock is currently owned by insiders.
Waste Connections Company Profile
(
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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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