Waste Connections, Inc. (TSE:WCN) Receives Consensus Recommendation of “Buy” from Analysts

Waste Connections, Inc. (TSE:WCN) has earned a consensus rating of “Buy” from the eight research firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$265.00.

A number of equities analysts recently commented on the stock. 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. Melius Research raised shares of Waste Connections to a “strong-buy” rating in a research report on Monday, June 9th. Finally, Barclays raised shares of Waste Connections to a “hold” rating in a research report on Friday, September 19th.

Insider Buying and Selling

In other Waste Connections news, insider Patrick J. Shea sold 5,000 shares of the firm’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 transaction, the insider directly owned 20,671 shares of the company’s stock, valued at C$5,333,304.04. This trade represents a 19.48% decrease in their position. 0.21% of the stock is currently owned by corporate insiders.

Waste Connections Price Performance

TSE:WCN opened at C$238.84 on Friday. Waste Connections has a 52 week low of C$236.00 and a 52 week high of C$284.73. The firm has a market cap of C$61.41 billion, a price-to-earnings ratio of 96.31, a P/E/G ratio of 2.22 and a beta of 0.40. The firm’s 50-day simple moving average is C$251.58 and its 200 day simple moving average is C$260.34. The company has a debt-to-equity ratio of 102.69, a quick ratio of 0.74 and a current ratio of 0.77.

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.