Waste Connections, Inc. (TSE:WCN) Receives C$196.10 Average Price Target from Analysts

Waste Connections, Inc. (TSE:WCN) has been given a consensus rating of “Hold” by the six research firms that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$208.42.

A number of equities analysts recently commented on WCN shares. ATB Capital raised their price target on shares of Waste Connections from C$240.00 to C$255.00 in a research report on Friday, July 26th. Eight Capital set a C$270.00 target price on shares of Waste Connections and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Finally, Scotiabank upgraded Waste Connections to a “hold” rating in a research note on Friday, October 4th.

Insiders Place Their Bets

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

Waste Connections Price Performance

Shares of TSE WCN opened at C$249.60 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.70 and a debt-to-equity ratio of 100.60. The business’s 50 day moving average price is C$247.43 and its two-hundred day moving average price is C$238.10. The company has a market cap of C$64.39 billion, a PE ratio of 55.34, a price-to-earnings-growth ratio of 2.22 and a beta of 0.72. Waste Connections has a twelve month low of C$174.74 and a twelve month high of C$253.95.

Waste Connections (TSE:WCN) last posted its earnings results on Wednesday, July 24th. The company reported C$1.70 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.61 by C$0.09. Waste Connections had a return on equity of 11.14% and a net margin of 10.23%. The business had revenue of C$3.08 billion for the quarter, compared to analyst estimates of C$3.03 billion. On average, analysts predict that Waste Connections will post 9.9808652 EPS for the current year.

Waste Connections Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Wednesday, August 7th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.63%. This is a boost from Waste Connections’s previous quarterly dividend of $0.39. The ex-dividend date was Wednesday, August 7th. Waste Connections’s dividend payout ratio (DPR) is 34.37%.

About Waste Connections

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.