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

Waste Connections, Inc. (TSE:WCN) has received an average recommendation of “Buy” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and five have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$265.00.

A number of analysts have recently issued reports on the company. Seaport Res Ptn upgraded Waste Connections to a “strong-buy” rating in a report on Tuesday, May 6th. Melius Research raised Waste Connections to a “strong-buy” rating in a research report on Monday, June 9th. Atb Cap Markets raised Waste Connections from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. Finally, National Bank Financial raised Waste Connections to a “strong-buy” rating in a research note on Monday, May 26th.

Insider Activity at Waste Connections

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

Waste Connections Trading Down 0.5%

Waste Connections stock opened at C$257.48 on Thursday. The company has a 50 day moving average price of C$256.55 and a 200 day moving average price of C$264.77. Waste Connections has a 52 week low of C$237.56 and a 52 week high of C$284.73. The company has a debt-to-equity ratio of 102.69, a quick ratio of 0.74 and a current ratio of 0.77. The firm has a market capitalization of C$46.80 billion, a price-to-earnings ratio of 49.77, a P/E/G ratio of 2.22 and a beta of 0.72.

About Waste Connections

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.