Waste Connections, Inc. (TSE:WCN) Stock Has Consensus Target Price of C$200.00

Shares of Waste Connections, Inc. (TSE:WCN) have received an average recommendation of “Strong Buy” from the four brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$200.00.

Separately, UBS Group raised shares of Waste Connections from a “hold” rating to a “buy” rating and set a C$200.00 price target on the stock in a research report on Friday, September 18th.

Insiders Place Their Bets

In other Waste Connections news, insider James M. Little sold 2,000 shares of Waste Connections stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of C$258.79, for a total transaction of C$517,580.00. Following the completion of the sale, the insider directly owned 32,395 shares in the company, valued at C$8,383,502.05. This trade represents a 5.81% decrease in their ownership of the stock. 0.21% of the stock is currently owned by company insiders.

Waste Connections Stock Up 0.0%

Shares of WCN traded up C$0.03 during mid-day trading on Friday, hitting C$276.18. 611,816 shares of the company traded hands, compared to its average volume of 379,335. The business has a 50 day moving average of C$236.84 and a 200 day moving average of C$228.95. Waste Connections has a 1-year low of C$203.46 and a 1-year high of C$279.92. The company has a quick ratio of 0.74, a current ratio of 0.67 and a debt-to-equity ratio of 123.96. The company has a market capitalization of C$69.09 billion, a PE ratio of 61.92, a price-to-earnings-growth ratio of 2.22 and a beta of 0.53.

Waste Connections Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Thursday, November 19th will be issued a $0.3850 dividend. This represents a $1.54 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, November 5th. Waste Connections’s payout ratio is 31.39%.

Waste Connections Company Profile

Waste Connections ( wasteconnections.com ) is an integrated solid waste services company that provides non-hazardous waste collection, transfer and disposal services, including by rail, along with resource recovery primarily through recycling and renewable fuels generation. The Company serves approximately nine million residential, commercial and industrial customers in mostly exclusive and secondary markets across 46 states in the U.S. and six provinces in Canada. Waste Connections also provides non-hazardous oilfield waste treatment, recovery and disposal services in several basins across the U.S. and Canada, as well as intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest.