Waste Connections, Inc. (TSE:WCN) Stock Now Rated “Strong Buy” by Sell-Side Analysts

Waste Connections, Inc. (TSE:WCN) has earned an average rating of “Strong Buy” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a buy recommendation and five have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$200.00.

Separately, UBS Group upgraded Waste Connections from a “hold” rating to a “buy” rating and set a C$200.00 price objective on the stock in a research report on Friday, September 18th.

Insider Transactions at Waste Connections

In other Waste Connections news, insider Robert Andres Nielsen sold 300 shares of the firm’s stock in a transaction 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 completion of the sale, the insider directly owned 3,950 shares of the company’s stock, valued at C$959,573.50. This trade represents a 7.06% decrease in their position. 0.21% of the stock is currently owned by insiders.

Waste Connections Trading Up 0.2%

Shares of Waste Connections stock opened at C$218.50 on Wednesday. The stock has a market cap of C$54.97 billion, a P/E ratio of 52.78, a P/E/G ratio of 2.22 and a beta of 0.47. The stock’s 50 day simple moving average is C$225.11 and its 200-day simple 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.

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.