Waste Connections, Inc. (TSE:WCN) Receives C$205.10 Average PT from Analysts

Waste Connections, Inc. (TSE:WCN) has been assigned an average recommendation of “Hold” from the six research firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$205.10.

WCN has been the topic of several recent research reports. ATB Capital lifted their price target on shares of Waste Connections from C$255.00 to C$260.00 in a research note on Friday, October 25th. Eight Capital set a C$270.00 target price on Waste Connections and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Finally, Scotiabank raised Waste Connections to a “hold” rating in a research report on Friday, October 4th.

Insider Activity

In other news, Director Edward E. Guillet sold 8,000 shares of Waste Connections 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. Also, Senior Officer Robert Andres Nielsen sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of C$260.63, for a total transaction of C$260,625.00. Insiders sold a total of 9,571 shares of company stock valued at $2,400,841 over the last three months. Insiders own 0.21% of the company’s stock.

Waste Connections Stock Performance

TSE WCN opened at C$271.42 on Thursday. Waste Connections has a 52 week low of C$180.33 and a 52 week high of C$273.51. The company has a debt-to-equity ratio of 100.60, a quick ratio of 0.74 and a current ratio of 0.70. The stock’s 50 day moving average price is C$251.35 and its two-hundred day moving average price is C$244.20. The stock has a market capitalization of C$70.02 billion, a price-to-earnings 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 given a dividend of $0.426 per share. This represents a $1.70 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend was Thursday, November 7th. This is an increase from Waste Connections’s previous quarterly dividend of $0.39. Waste Connections’s payout ratio is 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.