Waste Connections (TSE:WCN) Hits New 12-Month High – Still a Buy?

Waste Connections, Inc. (TSE:WCN) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$274.32 and last traded at C$274.07, with a volume of 191455 shares changing hands. The stock had previously closed at C$267.05.

Analyst Upgrades and Downgrades

Several research firms have commented on WCN. Eight Capital set a C$270.00 price target on shares of Waste Connections and gave the company a “neutral” rating in a report on Wednesday, October 9th. ATB Capital increased their target price on shares of Waste Connections from C$255.00 to C$260.00 in a research note on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Waste Connections presently has a consensus rating of “Hold” and a consensus price target of C$237.33.

Waste Connections Price Performance

The stock’s fifty day moving average price is C$257.08 and its 200-day moving average price is C$251.64. The firm has a market cap of C$70.36 billion, a price-to-earnings ratio of 60.47, a P/E/G ratio of 2.22 and a beta of 0.72. The company has a current ratio of 0.70, a quick ratio of 0.74 and a debt-to-equity ratio of 100.60.

Insider Buying and Selling at Waste Connections

In other 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. 0.21% of the stock is currently owned by corporate insiders.

About Waste Connections

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.