Waste Connections (TSE:WCN) Sets New 12-Month High – What’s Next?

Waste Connections, Inc. (TSE:WCN) shares hit a new 52-week high on Friday. The stock traded as high as C$262.13 and last traded at C$261.92, with a volume of 270,650 shares. The stock had previously closed at C$258.95.

Analyst Upgrades and Downgrades

Separately, UBS Group raised shares of Waste Connections from a “hold” rating to a “buy” rating and set a C$200.00 target price for the company in a report on Friday, September 18th. Five research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat.com, Waste Connections has an average rating of “Strong Buy” and a consensus price target of C$200.00.

Waste Connections Stock Up 1.0%

The firm has a market capitalization of C$65.92 billion, a PE ratio of 63.17, a price-to-earnings-growth ratio of 2.22 and a beta of 0.47. The firm’s 50-day moving average is C$225.91 and its 200 day moving average is C$225.44. The company has a debt-to-equity ratio of 123.96, a quick ratio of 0.74 and a current ratio of 0.67.

Insider Activity

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

About Waste Connections

Waste Connections ( wasteconnections.com ) is an integrated solid waste services company that provides non-hazardous waste collection, transfer and disposal services, including by rail, along with resource recovery primarily through recycling and renewable fuels generation. The Company serves approximately nine million residential, commercial and industrial customers in mostly exclusive and secondary markets across 46 states in the U.S. and six provinces in Canada. Waste Connections also provides non-hazardous oilfield waste treatment, recovery and disposal services in several basins across the U.S.