Waste Connections, Inc. (TSE:WCN) Receives C$265.00 Average Target Price from Brokerages

Shares of Waste Connections, Inc. (TSE:WCN) have earned a consensus recommendation of “Buy” from the six research firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$265.00.

A number of research analysts have issued reports on WCN shares. William Blair upgraded Waste Connections to a “strong-buy” rating in a research note on Thursday, April 3rd. Melius Research raised shares of Waste Connections to a “strong-buy” rating in a report on Monday, June 9th. National Bank Financial upgraded shares of Waste Connections to a “strong-buy” rating in a report on Monday, May 26th. Finally, Seaport Res Ptn raised shares of Waste Connections to a “strong-buy” rating in a research report on Tuesday, May 6th.

Waste Connections Stock Performance

TSE WCN opened at C$259.20 on Wednesday. The company has a fifty day moving average price of C$268.36 and a 200-day moving average price of C$265.29. The firm has a market cap of C$47.12 billion, a price-to-earnings ratio of 50.10, a PEG ratio of 2.22 and a beta of 0.72. The company has a debt-to-equity ratio of 102.69, a current ratio of 0.77 and a quick ratio of 0.74. Waste Connections has a 1 year low of C$229.26 and a 1 year high of C$284.73.

Insider Activity at Waste Connections

In other news, Senior Officer Robert Andres Nielsen sold 473 shares of the firm’s stock in a transaction on Friday, May 23rd. The stock was sold at an average price of C$269.79, for a total value of C$127,610.67. 0.21% of the stock is currently owned by company insiders.

Waste Connections Company Profile

Waste Connections is the third- largest integrated provider of traditional solid waste and recycling services in the North America, operating 91 active landfills (12 are E&P waste landfills), 132 transfer stations, and 68 recycling operations. The firm serves residential, commercial, industrial, and energy end markets.