Waste Connections (TSE:WCN) Shares Cross Below Fifty Day Moving Average – What’s Next?

Waste Connections, Inc. (TSE:WCN) crossed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of C$227.94 and traded as low as C$212.73. Waste Connections shares last traded at C$214.44, with a volume of 243,504 shares trading hands.

Analyst Upgrades and Downgrades

Separately, UBS Group upgraded Waste Connections from a “hold” rating to a “buy” rating and set a C$200.00 price target for the company in a research report on Friday, September 18th. Six analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat.com, Waste Connections presently has a consensus rating of “Strong Buy” and a consensus target price of C$200.00.

Waste Connections Stock Up 2.2%

The business’s 50 day moving average is C$227.54 and its 200 day moving average is C$225.02. The company has a debt-to-equity ratio of 121.68, a quick ratio of 0.74 and a current ratio of 0.66. The stock has a market cap of C$55.16 billion, a price-to-earnings ratio of 52.96, a price-to-earnings-growth ratio of 2.22 and a beta of 0.42.

Insider Buying and Selling at Waste Connections

In other news, insider Robert Andres Nielsen sold 300 shares of Waste Connections stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of C$242.93, for a total transaction of C$72,879.00. Following the transaction, the insider owned 3,950 shares in the company, valued at approximately C$959,573.50. The trade was a 7.06% decrease in their ownership of the stock. Corporate insiders own 0.21% of the company’s stock.

About Waste Connections

Waste Connections ( wasteconnections.com ) is an integrated solid waste services company that provides non-hazardous waste collection, transfer and disposal services, including by rail, along with resource recovery primarily through recycling and renewable fuels generation. The Company serves approximately nine million residential, commercial and industrial customers in mostly exclusive and secondary markets across 46 states in the U.S. and six provinces in Canada. Waste Connections also provides non-hazardous oilfield waste treatment, recovery and disposal services in several basins across the U.S.