Waste Connections (TSE:WCN) Sets New 12-Month High – Time to Buy?

Waste Connections, Inc. (TSE:WCN) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$274.32 and last traded at C$274.07, with a volume of 191455 shares trading hands. The stock had previously closed at C$267.05.

Analysts Set New Price Targets

Several analysts have commented on WCN shares. Eight Capital set a C$270.00 price target on shares of Waste Connections and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. ATB Capital raised their target price on Waste Connections from C$255.00 to C$260.00 in a report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$237.33.

Waste Connections Trading Up 0.5 %

The firm has a market capitalization of C$69.65 billion, a P/E ratio of 59.87, a P/E/G 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 company’s fifty day moving average is C$257.32 and its 200-day moving average is C$252.01.

Insider Activity at Waste Connections

In other news, Senior Officer Robert Andres Nielsen sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of C$260.63, for a total value of C$260,625.00. 0.21% of the stock is owned by corporate insiders.

Waste Connections Company Profile

Waste Connections is the third- largest integrated provider of traditional solid waste and recycling services in the North America, operating 91 active landfills (12 are E&P waste landfills), 132 transfer stations, and 68 recycling operations. The firm serves residential, commercial, industrial, and energy end markets.