Eight Capital Analysts Give Waste Connections (TSE:WCN) a C$270.00 Price Target

Waste Connections (TSE:WCN) has been assigned a C$270.00 price target by research analysts at Eight Capital in a report released on Wednesday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. Eight Capital’s target price would indicate a potential upside of 8.95% from the company’s current price.

Several other equities analysts have also recently weighed in on WCN. Scotiabank upgraded shares of Waste Connections to a “hold” rating in a research report on Friday, October 4th. ATB Capital boosted their price target on shares of Waste Connections from C$240.00 to C$255.00 in a report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$208.42.

Waste Connections Trading Up 1.0 %

TSE WCN traded up C$2.34 on Wednesday, hitting C$247.81. 51,386 shares of the stock were exchanged, compared to its average volume of 237,189. Waste Connections has a 52-week low of C$174.74 and a 52-week high of C$253.95. 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 company has a market capitalization of C$63.93 billion, a price-to-earnings ratio of 54.95, a P/E/G ratio of 2.22 and a beta of 0.72. The company’s 50-day moving average price is C$247.26 and its two-hundred day moving average price is C$237.74.

Waste Connections (TSE:WCN) last posted its quarterly earnings data on Wednesday, July 24th. The company reported C$1.70 earnings per share for the quarter, topping the consensus estimate of C$1.61 by C$0.09. Waste Connections had a net margin of 10.23% and a return on equity of 11.14%. The firm had revenue of C$3.08 billion for the quarter, compared to analysts’ expectations of C$3.03 billion. Research analysts predict that Waste Connections will post 9.9808652 EPS for the current year.

Insider Activity

In related news, Senior Officer Robert Andres Nielsen sold 571 shares of Waste Connections stock in a transaction on Monday, September 9th. The shares were sold at an average price of C$252.28, for a total value of C$144,051.88. In related news, Senior Officer Mary Anne Whitney sold 16,300 shares of Waste Connections stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of C$178.05, for a total value of C$2,902,254.12. Also, Senior Officer Robert Andres Nielsen sold 571 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of C$252.28, for a total transaction of C$144,051.88. Insiders have sold a total of 30,671 shares of company stock worth $6,073,683 in the last ninety days. Corporate 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.