Waste Connections, Inc. (TSE:WCN) Receives Consensus Rating of “Hold” from Brokerages

Shares of Waste Connections, Inc. (TSE:WCN) have received a consensus recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$205.10.

WCN has been the subject of several research analyst reports. Scotiabank upgraded Waste Connections to a “hold” rating in a report on Friday, October 4th. ATB Capital increased their price objective on shares of Waste Connections from C$255.00 to C$260.00 in a research report on Friday, October 25th. Finally, Eight Capital set a C$270.00 target price on shares of Waste Connections and gave the stock a “neutral” rating in a research report on Wednesday, October 9th.

Waste Connections Stock Down 0.4 %

Waste Connections stock opened at C$270.83 on Thursday. Waste Connections has a 12 month low of C$179.67 and a 12 month high of C$273.51. The stock has a fifty day simple moving average of C$250.96 and a two-hundred day simple moving average of C$243.90. The company has a current ratio of 0.70, a quick ratio of 0.74 and a debt-to-equity ratio of 100.60. The firm has a market cap of C$69.87 billion, a price-to-earnings ratio of 60.05, a PEG ratio of 2.22 and a beta of 0.72.

Waste Connections Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were given a dividend of $0.426 per share. This represents a $1.70 annualized dividend and a yield of 0.63%. This is a positive change from Waste Connections’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Thursday, November 7th. Waste Connections’s payout ratio is 34.37%.

Insider Buying and Selling at Waste Connections

In other Waste Connections news, Director Edward E. Guillet sold 8,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of C$249.52, for a total transaction of C$1,996,164.00. Also, Senior Officer Robert Andres Nielsen sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of C$260.63, for a total value of C$260,625.00. Over the last ninety days, insiders sold 9,571 shares of company stock valued at $2,400,841. Insiders own 0.21% of the company’s stock.

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.