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

by · The Markets Daily

Waste Connections, Inc. (TSE:WCN – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Monday. The company traded as high as C$262.52 and last traded at C$262.36, with a volume of 126,426 shares changing hands. The stock had previously closed at C$256.84.

Wall Street Analyst Weigh In

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

View Our Latest Stock Report on WCN

Waste Connections Stock Up 2.5%

The company has a debt-to-equity ratio of 123.96, a quick ratio of 0.74 and a current ratio of 0.67. The firm has a market capitalization of C$67.00 billion, a P/E ratio of 60.03, a P/E/G ratio of 2.22 and a beta of 0.47. The stock has a fifty day moving average price of C$230.96 and a two-hundred day moving average price of C$227.56.

About Waste Connections

(Get Free Report)

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.

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