Waste Connections, Inc. (TSE:WCN - Get Free Report)'s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$255.57 and traded as high as C$258.28. Waste Connections shares last traded at C$253.93, with a volume of 523,914 shares changing hands.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the stock. Scotiabank raised shares of Waste Connections to a "hold" rating in a research note on Friday, October 4th. ATB Capital boosted their price target on Waste Connections from C$255.00 to C$260.00 in a research note on Friday, October 25th. Finally, Eight Capital set a C$270.00 price objective on Waste Connections and gave the company a "neutral" rating in a research note on Wednesday, October 9th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Waste Connections presently has an average rating of "Hold" and an average price target of C$237.33.
View Our Latest Research Report on WCN
Waste Connections Price Performance
The stock has a 50 day moving average price of C$255.57 and a two-hundred day moving average price of C$246.86. The company has a debt-to-equity ratio of 100.60, a quick ratio of 0.74 and a current ratio of 0.70. The company has a market capitalization of C$65.10 billion, a PE ratio of 56.30, a P/E/G ratio of 2.22 and a beta of 0.72.
Waste Connections Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were given a dividend of $0.426 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 0.68%. This is a positive change from Waste Connections's previous quarterly dividend of $0.39. Waste Connections's dividend payout ratio is currently 34.37%.
Insider Buying and Selling at Waste Connections
In related news, Senior Officer Robert Andres Nielsen sold 1,000 shares of Waste Connections stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of C$260.63, for a total value of C$260,625.00. Insiders own 0.21% of the company's stock.
About Waste Connections
(
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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.
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