Waste Connections (TSE:WCN) Given a C$270.00 Price Target by Eight Capital Analysts

Eight Capital set a C$270.00 price target on Waste Connections (TSE:WCN) in a report released on Wednesday, Marketbeat Ratings reports. The firm currently has a neutral rating on the stock.

Several other research analysts have also recently commented on WCN. ATB Capital boosted their price target on Waste Connections from C$240.00 to C$255.00 in a research note on Friday, July 26th. Scotiabank raised Waste Connections to a hold rating in a report on Friday, October 4th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Waste Connections has an average rating of Hold and a consensus price target of C$208.42.

Waste Connections Trading Up 1.0 %

TSE:WCN opened at C$249.60 on Wednesday. The company has a debt-to-equity ratio of 100.60, a quick ratio of 0.74 and a current ratio of 0.70. Waste Connections has a one year low of C$174.74 and a one year high of C$253.95. The business’s 50-day simple moving average is C$247.39 and its 200 day simple moving average is C$237.98. The stock has a market cap of C$64.39 billion, a price-to-earnings ratio of 55.34, a price-to-earnings-growth ratio of 2.22 and a beta of 0.72.

Waste Connections (TSE:WCN) last released its quarterly earnings results on Wednesday, July 24th. The company reported C$1.70 EPS for the quarter, topping the consensus estimate of C$1.61 by C$0.09. Waste Connections had a return on equity of 11.14% and a net margin of 10.23%. The business had revenue of C$3.08 billion for the quarter, compared to analysts’ expectations of C$3.03 billion. As a group, sell-side analysts predict that Waste Connections will post 9.9808652 earnings per share for the current fiscal year.

Waste Connections Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Wednesday, August 7th were issued a $0.39 dividend. This is a positive change from Waste Connections’s previous quarterly dividend of $0.39. This represents a $1.56 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend was Wednesday, August 7th. Waste Connections’s payout ratio is currently 34.37%.

Insider Activity at Waste Connections

In other news, Senior Officer Robert Andres Nielsen sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of C$181.75, for a total transaction of C$90,875.00. In other news, Senior Officer Robert Andres Nielsen sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of C$181.75, for a total transaction of C$90,875.00. Also, Director Edward E. Guillet sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of C$249.52, for a total value of C$1,996,164.00. Insiders sold a total of 30,671 shares of company stock valued at $6,073,683 over the last three months. 0.21% of the stock is owned by insiders.

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.