Waste Connections, Inc. (TSE:WCN) Receives Average Rating of “Strong Buy” from Analysts

Waste Connections, Inc. (TSE:WCN) has received an average recommendation of “Strong Buy” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a strong buy recommendation.

Separately, UBS Group raised shares of Waste Connections from a “hold” rating to a “strong-buy” rating in a research note on Friday.

Waste Connections Trading Up 0.2%

Shares of WCN stock opened at C$217.45 on Friday. The company has a market cap of C$54.70 billion, a PE ratio of 52.52, a price-to-earnings-growth ratio of 2.22 and a beta of 0.42. Waste Connections has a 1 year low of C$203.46 and a 1 year high of C$251.45. The stock’s 50 day simple moving average is C$231.61 and its two-hundred day simple moving average is C$225.84. The company has a debt-to-equity ratio of 121.68, a current ratio of 0.66 and a quick ratio of 0.74.

Insider Transactions at Waste Connections

In other Waste Connections news, insider Robert Andres Nielsen sold 300 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of C$242.93, for a total value of C$72,879.00. Following the sale, the insider owned 3,950 shares in the company, valued at C$959,573.50. This trade represents a 7.06% decrease in their ownership of the stock. 0.21% of the stock is currently owned by insiders.

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.