Waste Connections (TSE:WCN) Raised to Strong-Buy at UBS Group

Waste Connections (TSE:WCN) was upgraded by stock analysts at UBS Group from a “hold” rating to a “strong-buy” rating in a report released on Friday, Zacks reports.

Waste Connections Price Performance

TSE:WCN opened at C$217.45 on Friday. Waste Connections has a 52-week low of C$203.46 and a 52-week high of C$251.45. The stock has a fifty day moving average of C$231.61 and a 200 day moving average of C$225.84. The company has a debt-to-equity ratio of 121.68, a quick ratio of 0.74 and a current ratio of 0.66. The firm has a market capitalization of C$54.70 billion, a price-to-earnings ratio of 52.52, a P/E/G ratio of 2.22 and a beta of 0.42.

Insider Buying and Selling at Waste Connections

In related news, insider Robert Andres Nielsen sold 300 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of C$242.93, for a total value of C$72,879.00. Following the transaction, the insider directly owned 3,950 shares in the company, valued at approximately C$959,573.50. This represents a 7.06% decrease in their ownership of the stock. Company insiders own 0.21% of the company’s stock.

Waste Connections Company Profile

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. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2020, 13% of consolidated revenue was generated from the firm’s Canadian segment.