Waste Connections, Inc. (TSE:WCN) Stock Now Rated “Strong Buy” by Wall Street Analysts

Shares of Waste Connections, Inc. (TSE:WCN) have earned a consensus rating of “Strong Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a buy recommendation and six have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$200.00.

Separately, UBS Group upgraded Waste Connections from a “hold” rating to a “buy” rating and set a C$200.00 price objective on the stock in a research report on Friday, September 18th.

Insider Activity

In other Waste Connections news, insider Robert Andres Nielsen sold 300 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of C$242.93, for a total value of C$72,879.00. Following the completion of the sale, the insider directly owned 3,950 shares of the company’s stock, valued at C$959,573.50. This trade represents a 7.06% decrease in their position. 0.21% of the stock is owned by company insiders.

Waste Connections Stock Performance

TSE:WCN opened at C$220.29 on Friday. The company has a market cap of C$55.42 billion, a P/E ratio of 53.21, a P/E/G ratio of 2.22 and a beta of 0.42. Waste Connections has a twelve month low of C$203.46 and a twelve month high of C$251.45. The company’s 50-day moving average price is C$229.43 and its 200-day moving average price is C$225.34. The company has a current ratio of 0.66, a quick ratio of 0.74 and a debt-to-equity ratio of 121.68.

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. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2020, 13% of consolidated revenue was generated from the firm’s Canadian segment.