Waste Connections (TSE:WCN) Reaches New 52-Week High – Here’s What Happened

Waste Connections, Inc. (TSE:WCN) shares hit a new 52-week high during mid-day trading on Monday. The company traded as high as C$262.52 and last traded at C$262.36, with a volume of 126,426 shares traded. The stock had previously closed at C$256.84.

Analysts Set New Price Targets

Separately, UBS Group raised Waste Connections from a “hold” rating to a “buy” rating and set a C$200.00 price target on the stock in a research note on Friday, September 18th. Five analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy” and an average price target of C$200.00.

Waste Connections Stock Performance

The company has a current ratio of 0.67, a quick ratio of 0.74 and a debt-to-equity ratio of 123.96. The company’s 50-day simple moving average is C$229.07 and its 200-day simple moving average is C$227.04. The stock has a market capitalization of C$65.90 billion, a price-to-earnings ratio of 59.04, a PEG ratio of 2.22 and a beta of 0.47.

Waste Connections Company Profile

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.