Waste Connections, Inc. (TSE:WCN) Stock Has Average Price Target of C$200.00 According to Brokerages

Waste Connections, Inc. (TSE:WCN) has been assigned an average recommendation of “Strong Buy” from the six brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a buy recommendation and five have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is C$200.00.

Separately, UBS Group raised shares of Waste Connections from a “hold” rating to a “buy” rating and set a C$200.00 target price for the company in a research report on Friday, September 18th.

Insider Activity

In related news, insider James M. Little sold 2,000 shares of the stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of C$258.79, for a total value of C$517,580.00. Following the completion of the transaction, the insider directly owned 32,395 shares of the company’s stock, valued at C$8,383,502.05. This represents a 5.81% decrease in their ownership of the stock. 0.21% of the stock is owned by corporate insiders.

Waste Connections Stock Performance

TSE:WCN opened at C$266.73 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.67 and a debt-to-equity ratio of 123.96. The firm’s fifty day simple moving average is C$232.42 and its 200 day simple moving average is C$227.94. The stock has a market cap of C$66.75 billion, a P/E ratio of 59.80, a price-to-earnings-growth ratio of 2.22 and a beta of 0.53. Waste Connections has a twelve month low of C$203.46 and a twelve month high of C$273.33.

Waste Connections Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Thursday, November 19th will be given a dividend of $0.3850 per share. The ex-dividend date is Thursday, November 5th. This represents a $1.54 annualized dividend and a dividend yield of 0.6%. Waste Connections’s payout ratio is currently 31.39%.

Waste Connections Company Profile

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.