Waste Connections, Inc. (TSE:WCN) Receives Average Analyst Rating of “Moderate Buy”

0

Waste Connections, Inc. (TSE:WCN – Get Rating) has earned a consensus rating of “Moderate Buy” from the nine analysts who cover the company, Marketbeat reports. One investment analyst gave the stock a sell rating, one gave the company a hold rating and seven gave the company a buy rating. The 12-month average target price among brokers who have hedged the stock over the past year is C$146.43.

A number of research analysts have commented on the headline. Morgan Stanley lowered its price target on shares of Waste Connections to C$138.00 and set a “buy” rating on the stock in a Wednesday, June 22 research report. ATB Capital raised its price target on shares of Waste Connections from CA$170.00 to CA$180.00 and gave the company an “outperform” rating in a Thursday, Aug. 4 research report. Veritas Investment Research reduced shares of Waste Connections from a “buy” rating to a “reduce” rating in a Thursday, May 5, research report. Finally, Atb Cap Markets upgraded the shares of Waste Connections from an “sector outperforming” rating to an “outperforming” rating in a Thursday, August 4 research report.

Waste fittings trade up 0.1%

TSE WCN opened at C$184.45 on Friday. The company’s 50-day moving average is C$165.46 and its two-hundred-day moving average is C$165.93. Waste Connections has a 12 month low of C$148.05 and a 12 month high of C$186.10. The company has a debt ratio of 84.89, a current ratio of 0.94 and a quick ratio of 0.76. The stock has a market capitalization of C$47.44 billion and a P/E ratio of 54.25.

Waste Connections Cuts Dividends

pixel

A d RJO Futures

Tailor an options trading strategy to your needs

This guide will help you identify and execute an options trading strategy that fits your specific needs and risk profile. Take your trading to the next level with the Options Strategy Guide.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1. Shareholders of record on Thursday August 18 will receive a dividend of $0.294. The ex-date of this dividend is Wednesday, August 17. This represents an annualized dividend of $1.18 and a yield of 0.64%. Waste Connections’ dividend payout ratio is currently 26.32%.

Insider Buying and Selling at Waste Connections

In other Waste Connections news, director William J. Razzouk sold 3,073 shares in a trade that took place on Monday, August 8. The shares were sold at an average price of C$180.55, for a total value of C$554,825.23. As a result of the transaction, the administrator now directly owns 5,017 shares of the company, valued at C$905,811.32.

Waste Connections Company Profile

(Get an evaluation)

Waste Connections, Inc provides non-hazardous waste collection, transfer, disposal and 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 metals and aluminum.

Further reading

Analyst Recommendations for Waste Connections (TSE: WCN)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider Waste Connections, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Waste Connections wasn’t on the list.

While Waste Connections currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

Share.

Comments are closed.