Waste Connections (TSE:WCN) PT Raised to C$240.00

Waste Connections (TSE:WCN) had its price objective hoisted by investment analysts at ATB Capital from C$235.00 to C$240.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. ATB Capital’s price objective would indicate a potential upside of 7.36% from the company’s current price.

A number of other equities analysts have also recently weighed in on WCN. Royal Bank of Canada boosted their price target on Waste Connections from C$169.00 to C$182.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Atb Cap Markets cut Waste Connections from an “outperform” rating to a “sector perform” rating in a report on Wednesday, February 14th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$193.10.

Waste Connections Stock Performance

TSE WCN opened at C$223.55 on Friday. Waste Connections has a fifty-two week low of C$174.74 and a fifty-two week high of C$234.79. The stock has a market cap of C$57.68 billion, a price-to-earnings ratio of 55.47, a price-to-earnings-growth ratio of 2.22 and a beta of 0.66. The business has a fifty day moving average of C$228.55 and a 200-day moving average of C$206.30. The company has a quick ratio of 0.74, a current ratio of 0.68 and a debt-to-equity ratio of 91.42.

Waste Connections (TSE:WCN) last released its quarterly earnings results on Wednesday, April 24th. The company reported C$1.40 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.38 by C$0.02. Waste Connections had a return on equity of 10.30% and a net margin of 9.51%. The company had revenue of C$2.79 billion during the quarter, compared to analysts’ expectations of C$2.78 billion. As a group, analysts predict that Waste Connections will post 8.9363601 earnings per share for the current fiscal year.

Insider Activity at Waste Connections

In related news, Senior Officer Robert Michael Cloninger sold 3,746 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of C$170.21, for a total value of C$637,613.03. In other Waste Connections news, Senior Officer Matthew Stephen Black sold 4,128 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of C$167.34, for a total transaction of C$690,760.94. Also, Senior Officer Robert Michael Cloninger sold 3,746 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$170.21, for a total value of C$637,613.03. Over the last ninety days, insiders sold 18,026 shares of company stock worth $3,043,157. 0.28% of the stock is currently owned by insiders.

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.