Shares of Waste Connections, Inc. (NYSE:WCN – Get Rating) have been assigned a consensus recommendation of “Buy” from the eleven ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $151.63.
Several analysts have issued reports on WCN shares. Jefferies Financial Group reiterated a “buy” rating and issued a $165.00 target price on shares of Waste Connections in a research note on Tuesday, October 25th. Atb Cap Markets upgraded shares of Waste Connections from a “sector perform” rating to an “outperform” rating in a research report on Thursday, August 4th. BMO Capital Markets lifted their target price on shares of Waste Connections from $143.00 to $151.00 and gave the stock an “outperform” rating in a research report on Thursday, August 4th. StockNews.com began coverage on shares of Waste Connections in a report on Wednesday, October 12th. They issued a “buy” rating on the stock. Finally, Raymond James lifted their target price on shares of Waste Connections from $149.00 to $157.00 and gave the company a “strong-buy” rating in a research note on Monday, November 7th.
Insider Activity at Waste Connections
In other news, VP Patrick James Shea sold 7,000 shares of the stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $145.26, for a total value of $1,016,820.00. Following the sale, the vice president now owns 12,813 shares of the company’s stock, valued at $1,861,216.38. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Waste Connections news, VP Patrick James Shea sold 7,000 shares of the stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $145.26, for a total transaction of $1,016,820.00. Following the transaction, the vice president now directly owns 12,813 shares in the company, valued at approximately $1,861,216.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Eric Hansen sold 4,000 shares of the firm’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $136.93, for a total transaction of $547,720.00. Following the completion of the sale, the senior vice president now owns 6,460 shares in the company, valued at $884,567.80. The disclosure for this sale can be found here. 0.35% of the stock is owned by insiders.
Hedge Funds Weigh In On Waste Connections
Waste Connections Trading Up 0.1 %
Shares of WCN stock opened at $141.98 on Tuesday. Waste Connections has a 52-week low of $113.50 and a 52-week high of $148.20. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.89 and a current ratio of 0.89. The company has a 50-day simple moving average of $136.12 and a two-hundred day simple moving average of $132.39. The company has a market capitalization of $36.51 billion, a price-to-earnings ratio of 45.51, a PEG ratio of 2.95 and a beta of 0.64.
Waste Connections (NYSE:WCN – Get Rating) last released its earnings results on Wednesday, November 2nd. The business services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. Waste Connections had a net margin of 11.59% and a return on equity of 14.10%. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.87 billion. Research analysts anticipate that Waste Connections will post 3.81 EPS for the current fiscal year.
Waste Connections Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Wednesday, November 16th will be given a dividend of $0.255 per share. This is a positive change from Waste Connections’s previous quarterly dividend of $0.23. The ex-dividend date is Tuesday, November 15th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.72%. Waste Connections’s dividend payout ratio is currently 32.69%.
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.
- Get a free copy of the StockNews.com research report on Waste Connections (WCN)
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