Brokerages Set Waste Connections, Inc. (TSE:WCN) PT at C$205.10

Shares of Waste Connections, Inc. (TSE:WCN) have earned a consensus recommendation of “Hold” from the six research firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$205.10.

A number of research analysts have issued reports on WCN shares. ATB Capital boosted their price target on Waste Connections from C$255.00 to C$260.00 in a research report on Friday, October 25th. Scotiabank upgraded shares of Waste Connections to a “hold” rating in a research note on Friday, October 4th. Finally, Eight Capital set a C$270.00 target price on shares of Waste Connections and gave the company a “neutral” rating in a research report on Wednesday, October 9th.

Insider Transactions at Waste Connections

In other news, Senior Officer Robert Andres Nielsen sold 1,000 shares of Waste Connections stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of C$260.63, for a total value of C$260,625.00. Also, Director Edward E. Guillet sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of C$249.52, for a total transaction of C$1,996,164.00. Insiders have sold 9,571 shares of company stock valued at $2,400,841 in the last quarter. Insiders own 0.21% of the company’s stock.

Waste Connections Price Performance

Shares of WCN opened at C$271.42 on Thursday. Waste Connections has a 12 month low of C$180.33 and a 12 month high of C$273.51. The company has a debt-to-equity ratio of 100.60, a current ratio of 0.70 and a quick ratio of 0.74. The stock has a fifty day moving average price of C$251.35 and a 200 day moving average price of C$244.20. The company has a market cap of C$70.02 billion, a P/E ratio of 60.18, a PEG ratio of 2.22 and a beta of 0.72.

Waste Connections Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were issued a $0.426 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 0.63%. This is an increase from Waste Connections’s previous quarterly dividend of $0.39. The ex-dividend date was Thursday, November 7th. Waste Connections’s dividend payout ratio is presently 34.37%.

About Waste Connections

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