Waste Connections, Inc. (TSE:WCN) Given Average Recommendation of “Hold” by Brokerages

Waste Connections, Inc. (TSE:WCN) has received a consensus recommendation of “Hold” from the six research firms that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$205.10.

Several analysts have weighed in on WCN shares. Scotiabank upgraded shares of Waste Connections to a “hold” rating in a research note on Friday, October 4th. ATB Capital raised their target price on shares of Waste Connections from C$255.00 to C$260.00 in a report on Friday, October 25th. Finally, Eight Capital set a C$270.00 price target on Waste Connections and gave the company a “neutral” rating in a research note on Wednesday, October 9th.

Waste Connections Stock Down 0.4 %

WCN stock opened at C$270.83 on Thursday. Waste Connections has a fifty-two week low of C$179.67 and a fifty-two week high of C$273.51. The company has a debt-to-equity ratio of 100.60, a current ratio of 0.70 and a quick ratio of 0.74. The stock has a market capitalization of C$69.87 billion, a price-to-earnings ratio of 60.05, a PEG ratio of 2.22 and a beta of 0.72. The business’s fifty day moving average price is C$250.96 and its two-hundred day moving average price is C$243.90.

Waste Connections Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were given a $0.426 dividend. The ex-dividend date was Thursday, November 7th. This is a boost from Waste Connections’s previous quarterly dividend of $0.39. This represents a $1.70 annualized dividend and a dividend yield of 0.63%. Waste Connections’s payout ratio is presently 34.37%.

Insider Transactions at Waste Connections

In other news, Director Edward E. Guillet sold 8,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of C$249.52, for a total transaction of C$1,996,164.00. Also, Senior Officer Robert Andres Nielsen sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of C$260.63, for a total value of C$260,625.00. In the last 90 days, insiders sold 9,571 shares of company stock valued at $2,400,841. Company insiders own 0.21% of the company’s stock.

Waste Connections Company Profile

Waste Connections, Inc provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (E&P) customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals.