Waste Connections (TSE:WCN) PT Raised to C$240.00

Waste Connections (TSE:WCN) had its price objective boosted by ATB Capital from C$235.00 to C$240.00 in a report released on Friday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

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

Waste Connections Stock Performance

WCN opened at C$223.55 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.68 and a debt-to-equity ratio of 91.42. The stock’s 50 day moving average price is C$228.55 and its two-hundred day moving average price is C$206.16. The firm has a market capitalization of C$57.68 billion, a P/E ratio of 55.47, a price-to-earnings-growth ratio of 2.22 and a beta of 0.66. Waste Connections has a 12-month low of C$174.74 and a 12-month high of C$234.79.

Waste Connections (TSE:WCN) last announced its quarterly earnings data 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 business had revenue of C$2.79 billion for the quarter, compared to the consensus estimate of C$2.78 billion. On average, equities analysts forecast that Waste Connections will post 8.9363601 earnings per share for the current year.

Waste Connections Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Wednesday, May 8th will be given 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 is Tuesday, May 7th. Waste Connections’s payout ratio is 38.21%.

Insider Buying and Selling

In other Waste Connections news, Director Edward E. Guillet sold 2,000 shares of Waste Connections stock in a transaction that occurred 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. In other Waste Connections news, Director Edward E. Guillet sold 2,000 shares of the 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 Matthew Stephen Black sold 4,128 shares of Waste Connections stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of C$167.34, for a total value of C$690,760.94. Insiders sold 18,026 shares of company stock valued at $3,043,157 over the last quarter. 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.