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

Waste Connections, Inc. (TSE:WCN) has been given a consensus rating of “Hold” by the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$205.10.

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

Waste Connections Price Performance

Shares of WCN opened at C$271.42 on Thursday. The business’s 50-day moving average is C$251.35 and its 200-day moving average is C$244.20. 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 company has a market capitalization of C$70.02 billion, a price-to-earnings ratio of 60.18, a P/E/G ratio of 2.22 and a beta of 0.72. Waste Connections has a fifty-two week low of C$180.33 and a fifty-two week high of C$273.51.

Waste Connections Increases Dividend

The firm also recently disclosed 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 boost from Waste Connections’s previous quarterly dividend of $0.39. This represents a $1.70 dividend on an annualized basis and a yield of 0.63%. Waste Connections’s dividend payout ratio is currently 34.37%.

Insiders Place Their Bets

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 company’s stock in a transaction on Tuesday, September 3rd. The stock was 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 over the last three months. 0.21% of the stock is currently owned by insiders.

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.