Waste Connections, Inc. (TSE:WCN - Get Free Report)'s share price was up 1.3% on Thursday . The stock traded as high as C$257.36 and last traded at C$256.48. Approximately 137,846 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 228,139 shares. The stock had previously closed at C$253.14.
Analyst Ratings Changes
A number of research analysts recently weighed in on the company. Eight Capital set a C$270.00 price objective on Waste Connections and gave the company a "neutral" rating in a research report on Wednesday, October 9th. Scotiabank upgraded shares of Waste Connections to a "hold" rating in a research note on Friday, October 4th. Finally, ATB Capital raised their price target on Waste Connections from C$255.00 to C$260.00 in a research note on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of C$237.33.
Read Our Latest Analysis on Waste Connections
Waste Connections Price Performance
The company has a market capitalization of C$66.17 billion, a P/E ratio of 56.87, a price-to-earnings-growth ratio of 2.22 and a beta of 0.72. The company has a debt-to-equity ratio of 100.60, a current ratio of 0.70 and a quick ratio of 0.74. The firm's 50-day moving average is C$256.42 and its 200-day moving average is C$250.01.
Waste Connections Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were given a $0.426 dividend. This is a boost from Waste Connections's previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.70 dividend on an annualized basis and a yield of 0.66%. Waste Connections's dividend payout ratio is presently 34.37%.
Insiders Place Their Bets
In related news, Senior Officer Robert Andres Nielsen sold 1,000 shares of Waste Connections stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of C$260.63, for a total transaction of C$260,625.00. Company insiders own 0.21% of the company's stock.
About Waste Connections
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Waste Connections, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Waste Connections wasn't on the list.
While Waste Connections currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
