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


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


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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

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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)

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