Waste Connections (TSE:WCN) Rating Increased to Hold at Scotiabank

Waste Connections (TSE:WCN) was upgraded by equities research analysts at Scotiabank to a “hold” rating in a report released on Friday, Zacks.com reports.

Separately, ATB Capital boosted their target price on Waste Connections from C$240.00 to C$255.00 in a research note on Friday, July 26th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$196.10.

Waste Connections Stock Performance

Waste Connections has a 1 year low of C$174.74 and a 1 year high of C$253.95. The stock has a market capitalization of C$61.79 billion, a price-to-earnings ratio of 53.24, a price-to-earnings-growth ratio of 2.22 and a beta of 0.72. The company has a current ratio of 0.70, a quick ratio of 0.74 and a debt-to-equity ratio of 100.60. The firm’s 50 day moving average price is C$247.28 and its 200-day moving average price is C$237.60.

Waste Connections (TSE:WCN) last announced its earnings results on Wednesday, July 24th. The company reported C$1.70 earnings per share for the quarter, beating the consensus estimate of C$1.61 by C$0.09. The company had revenue of C$3.08 billion during the quarter, compared to the consensus estimate of C$3.03 billion. Waste Connections had a net margin of 10.23% and a return on equity of 11.14%. As a group, equities analysts predict that Waste Connections will post 9.9808652 earnings per share for the current fiscal year.

Insider Activity at Waste Connections

In related news, Senior Officer Robert Andres Nielsen sold 571 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of C$252.28, for a total transaction of C$144,051.88. In other Waste Connections news, Director Edward E. Guillet sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of C$249.52, for a total value of C$1,996,164.00. Also, Senior Officer Robert Andres Nielsen sold 571 shares of Waste Connections stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of C$252.28, for a total transaction of C$144,051.88. Insiders have sold a total of 30,671 shares of company stock valued at $6,073,683 in the last ninety days. Company insiders own 0.21% 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.