Waste Connections (TSE:WCN) Shares Up 8.7% – Time to Buy?

Waste Connections, Inc. (TSE:WCN) traded up 8.7% on Thursday. The company traded as high as C$257.65 and last traded at C$257.08. 417,297 shares changed hands during trading, an increase of 12% from the average daily volume of 373,105 shares. The stock had previously closed at C$236.45.

Analyst Upgrades and Downgrades

Separately, UBS Group raised Waste Connections from a “hold” rating to a “buy” rating and set a C$200.00 price target on the stock in a research report on Friday, September 18th. Five investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Strong Buy” and a consensus price target of C$200.00.

Waste Connections Stock Performance

The company has a debt-to-equity ratio of 123.96, a current ratio of 0.67 and a quick ratio of 0.74. The business has a 50 day moving average price of C$226.52 and a 200 day moving average price of C$225.69. The stock has a market capitalization of C$65.81 billion, a PE ratio of 63.07, a PEG ratio of 2.22 and a beta of 0.47.

Insiders Place Their Bets

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

Waste Connections Company Profile

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.