Waste Connections (TSE:WCN) Price Target Raised to C$240.00 at ATB Capital

Waste Connections (TSE:WCN) had its price objective increased by ATB Capital from C$235.00 to C$240.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Royal Bank of Canada raised their price target on shares of Waste Connections from C$169.00 to C$182.00 and gave the company an outperform rating in a research report on Thursday, February 15th. Atb Cap Markets lowered shares of Waste Connections from an outperform rating to a sector perform rating in a research report on Wednesday, February 14th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Waste Connections has a consensus rating of Hold and an average target price of C$193.10.

Waste Connections Price Performance

WCN opened at C$223.55 on Friday. The firm has a market cap of C$57.68 billion, a price-to-earnings ratio of 55.47, a PEG ratio of 2.22 and a beta of 0.66. The stock’s 50 day simple moving average is C$228.55 and its 200 day simple moving average is C$206.16. The company has a debt-to-equity ratio of 91.42, a current ratio of 0.68 and a quick ratio of 0.74. Waste Connections has a 1 year low of C$174.74 and a 1 year high of C$234.79.

Waste Connections (TSE:WCN) last issued its quarterly earnings results on Wednesday, April 24th. The company reported C$1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.38 by C$0.02. Waste Connections had a net margin of 9.51% and a return on equity of 10.30%. The company had revenue of C$2.79 billion during the quarter, compared to analyst estimates of C$2.78 billion. As a group, analysts predict that Waste Connections will post 8.9363601 earnings per share for the current year.

Waste Connections Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Wednesday, May 8th will be paid a dividend of $0.385 per share. This is a positive change from Waste Connections’s previous quarterly dividend of $0.38. This represents a $1.54 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Tuesday, May 7th. Waste Connections’s dividend payout ratio is presently 38.21%.

Insider Transactions at Waste Connections

In other Waste Connections news, Senior Officer James M. Little sold 6,000 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of C$168.64, for a total value of C$1,011,840.00. In other news, Director Edward E. Guillet sold 2,000 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of C$168.79, for a total transaction of C$337,589.80. Also, Senior Officer James M. Little sold 6,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of C$168.64, for a total transaction of C$1,011,840.00. Insiders sold 18,026 shares of company stock valued at $3,043,157 over the last 90 days. Corporate insiders own 0.28% of the company’s stock.

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.