Waste Connections (TSE:WCN) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

Waste Connections, Inc. (TSE:WCN) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$256.44 and traded as low as C$245.21. Waste Connections shares last traded at C$248.60, with a volume of 64,546 shares changing hands.

Analyst Upgrades and Downgrades

WCN has been the subject of a number of analyst reports. Scotiabank upgraded Waste Connections to a “hold” rating in a research report on Friday, October 4th. Eight Capital set a C$270.00 target price on shares of Waste Connections and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Finally, ATB Capital raised their target price on shares of Waste Connections from C$255.00 to C$260.00 in a research note on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$237.33.

Waste Connections Stock Performance

The company has a debt-to-equity ratio of 100.60, a current ratio of 0.70 and a quick ratio of 0.74. The business has a 50-day moving average of C$256.44 and a 200-day moving average of C$247.92. The company has a market capitalization of C$64.13 billion, a P/E ratio of 55.12, a P/E/G ratio of 2.22 and a beta of 0.72.

Waste Connections Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were issued a $0.426 dividend. This represents a $1.70 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Thursday, November 7th. This is a positive change from Waste Connections’s previous quarterly dividend of $0.39. Waste Connections’s dividend payout ratio (DPR) is 34.37%.

Insider Activity at Waste Connections

In other Waste Connections news, Senior Officer Robert Andres Nielsen sold 1,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of C$260.63, for a total value of C$260,625.00. 0.21% of the stock is currently owned by insiders.

About Waste Connections

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.