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

Shares of Waste Connections, Inc. (TSE:WCNGet Rating) have been given an average rating of “Buy” by the nine research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$147.86.

WCN has been the topic of a number of research analyst reports. Veritas Investment Research lowered Waste Connections from a “buy” rating to a “reduce” rating in a research report on Thursday, May 5th. ATB Capital raised their price target on Waste Connections from C$165.00 to C$170.00 and gave the stock an “outperform” rating in a research report on Friday, February 18th. JPMorgan Chase & Co. initiated coverage on Waste Connections in a research report on Tuesday, March 1st. They set a “buy” rating and a C$147.00 price target on the stock. Scotiabank lowered Waste Connections to a “hold” rating and set a C$135.00 price target on the stock. in a research report on Thursday, April 7th. Finally, Atb Cap Markets reaffirmed a “sector perform” rating on shares of Waste Connections in a research report on Wednesday, May 4th.

Shares of WCN opened at C$160.04 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.75 and a debt-to-equity ratio of 75.53. Waste Connections has a 1 year low of C$144.38 and a 1 year high of C$183.55. The stock has a market cap of C$41.16 billion and a P/E ratio of 53.24. The stock’s 50-day moving average price is C$172.49 and its two-hundred day moving average price is C$167.17.

Waste Connections (TSE:WCNGet Rating) last issued its earnings results on Wednesday, February 16th. The company reported C$1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.03 by C$0.02. The company had revenue of C$2.05 billion for the quarter, compared to the consensus estimate of C$1.98 billion. As a group, equities analysts forecast that Waste Connections will post 4.5100003 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Wednesday, May 18th will be issued a dividend of $0.296 per share. The ex-dividend date of this dividend is Tuesday, May 17th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 0.74%. This is a boost from Waste Connections’s previous quarterly dividend of $0.23. Waste Connections’s payout ratio is 28.94%.

About Waste Connections (Get Rating)

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.

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Analyst Recommendations for Waste Connections (TSE:WCN)

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