Waste Connections (TSE:WCN) Rating Increased to Strong-Buy at UBS Group

UBS Group upgraded shares of Waste Connections (TSE:WCN) from a hold rating to a strong-buy rating in a research report sent to investors on Friday morning,Zacks reports.

Waste Connections Trading Up 0.2%

Shares of TSE WCN opened at C$217.45 on Friday. Waste Connections has a 12-month low of C$203.46 and a 12-month high of C$251.45. The company has a market cap of C$54.70 billion, a price-to-earnings ratio of 52.52, a price-to-earnings-growth ratio of 2.22 and a beta of 0.42. The company has a current ratio of 0.66, a quick ratio of 0.74 and a debt-to-equity ratio of 121.68. The stock’s 50 day simple moving average is C$231.61 and its 200 day simple moving average is C$225.84.

Insiders Place Their Bets

In other Waste Connections news, insider Robert Andres Nielsen sold 300 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of C$242.93, for a total transaction of C$72,879.00. Following the completion of the transaction, the insider directly owned 3,950 shares of the company’s stock, valued at C$959,573.50. The trade was a 7.06% decrease in their position. 0.21% of the stock is currently 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. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2020, 13% of consolidated revenue was generated from the firm’s Canadian segment.