Waste Connections, Inc. (TSE:WCN) Stock Has Average Price Target of C$200.00

Shares of Waste Connections, Inc. (TSE:WCN) have been given a consensus recommendation of “Strong Buy” by the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a buy rating and five have issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$200.00.

Separately, UBS Group upgraded shares of Waste Connections from a “hold” rating to a “buy” rating and set a C$200.00 price target for the company in a report on Friday, September 18th.

Insider Buying and Selling

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

Waste Connections Stock Performance

TSE:WCN opened at C$218.50 on Wednesday. The company’s 50-day moving average is C$225.11 and its two-hundred day moving average is C$224.82. Waste Connections has a 1-year low of C$203.46 and a 1-year high of C$251.45. The company has a debt-to-equity ratio of 121.68, a current ratio of 0.66 and a quick ratio of 0.74. The firm has a market capitalization of C$54.97 billion, a price-to-earnings ratio of 52.78, a PEG ratio of 2.22 and a beta of 0.47.

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.