Waste Connections (TSE:WCN) Shares Climb 8.7% – What’s Next?

Waste Connections, Inc. (TSE:WCN)’s stock price was up 8.7% during mid-day trading on Thursday. The stock traded as high as C$257.65 and last traded at C$257.08. 417,297 shares traded hands during trading, an increase of 12% from the average daily volume of 373,105 shares. The stock had previously closed at C$236.45.

Analyst Upgrades and Downgrades

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

Waste Connections Trading Up 9.5%

The stock’s 50 day moving average price is C$225.35 and its 200-day moving average price is C$225.25. The company has a quick ratio of 0.74, a current ratio of 0.66 and a debt-to-equity ratio of 121.68. The stock has a market capitalization of C$65.27 billion, a PE ratio of 62.55, a PEG ratio of 2.22 and a beta of 0.47.

Insider Buying and Selling

In other news, insider Robert Andres Nielsen sold 300 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of C$242.93, for a total value of C$72,879.00. Following the transaction, the insider directly owned 3,950 shares in the company, valued at C$959,573.50. The trade was a 7.06% decrease in their ownership of the stock. 0.21% of the stock is currently owned by corporate insiders.

About Waste Connections

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.