Waste Connections, Inc. (TSE:WCN) Given Average Recommendation of “Hold” by Brokerages

Waste Connections, Inc. (TSE:WCN) has been assigned a consensus recommendation of “Hold” from the six brokerages that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$205.10.

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

Waste Connections Stock Performance

TSE WCN opened at C$270.83 on Thursday. The company has a quick ratio of 0.74, a current ratio of 0.70 and a debt-to-equity ratio of 100.60. Waste Connections has a twelve month low of C$179.67 and a twelve month high of C$273.51. The business has a 50-day moving average price of C$250.96 and a 200-day moving average price of C$243.90. The firm has a market cap of C$69.87 billion, a price-to-earnings ratio of 60.05, a price-to-earnings-growth ratio of 2.22 and a beta of 0.72.

Waste Connections Increases Dividend

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

Insider Activity at Waste Connections

In other Waste Connections news, Senior Officer Robert Andres Nielsen sold 571 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of C$252.28, for a total transaction of C$144,051.88. Also, Director Edward E. Guillet sold 8,000 shares of the company’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 value of C$1,996,164.00. Insiders have sold a total of 9,571 shares of company stock valued at $2,400,841 over the last 90 days. 0.21% of the stock is owned by corporate insiders.

Waste Connections Company Profile

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.