Waste Connections (TSE:WCN) Hits New 1-Year High – What’s Next?

Waste Connections, Inc. (TSE:WCN) hit a new 52-week high during mid-day trading on Friday. The stock traded as high as C$262.13 and last traded at C$261.92, with a volume of 270,650 shares changing hands. The stock had previously closed at C$258.95.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded Waste Connections from a “hold” rating to a “buy” rating and set a C$200.00 price target on the stock in a report on Friday, September 18th. Five analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Strong Buy” and an average target price of C$200.00.

Waste Connections Stock Up 0.8%

The company has a 50-day moving average of C$226.52 and a 200-day moving average of C$225.69. The company has a market capitalization of C$65.34 billion, a price-to-earnings ratio of 58.54, a price-to-earnings-growth ratio of 2.22 and a beta of 0.47. The company has a current ratio of 0.67, a quick ratio of 0.74 and a debt-to-equity ratio of 123.96.

Insider Buying and Selling at Waste Connections

In other news, insider Robert Andres Nielsen sold 300 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of C$242.93, for a total transaction of C$72,879.00. Following the sale, the insider owned 3,950 shares in the company, valued at approximately C$959,573.50. The trade was a 7.06% decrease in their ownership of the stock. Insiders own 0.21% of the company’s stock.

About Waste Connections

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.