Waste Connections, Inc. (NYSE:WCN – Get Rating) has been assigned a consensus recommendation of “Buy” from the eleven research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $148.25.
A number of brokerages have recently weighed in on WCN. Royal Bank of Canada boosted their price objective on shares of Waste Connections from $147.00 to $152.00 and gave the stock an “outperform” rating in a research note on Thursday, August 4th. BMO Capital Markets raised their price target on Waste Connections from $143.00 to $151.00 and gave the company an “outperform” rating in a research report on Thursday, August 4th. Raymond James increased their target price on Waste Connections from $146.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Friday, August 5th. Morgan Stanley lifted their price target on Waste Connections from $146.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, August 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Waste Connections from $145.00 to $154.00 in a research note on Tuesday, August 9th.
Insiders Place Their Bets
In other Waste Connections news, Director William J. Razzouk sold 4,073 shares of the company’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $140.03, for a total transaction of $570,342.19. Following the transaction, the director now owns 4,016 shares of the company’s stock, valued at approximately $562,360.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.35% of the company’s stock.
Institutional Trading of Waste Connections
Waste Connections Stock Up 0.6 %
Waste Connections stock opened at $146.40 on Thursday. Waste Connections has a twelve month low of $113.50 and a twelve month high of $147.18. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $37.65 billion, a PE ratio of 55.45, a P/E/G ratio of 3.07 and a beta of 0.69. The firm’s 50 day moving average price is $134.68 and its two-hundred day moving average price is $132.05.
Waste Connections (NYSE:WCN – Get Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The business services provider reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.05. Waste Connections had a return on equity of 13.38% and a net margin of 10.25%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.80 billion. On average, research analysts predict that Waste Connections will post 3.75 EPS for the current fiscal year.
Waste Connections Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, August 18th were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.63%. Waste Connections’s dividend payout ratio is 34.85%.
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.
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