ATB Capital Boosts Waste Connections (TSE:WCN) Price Target to C$240.00

Waste Connections (TSE:WCN) had its target price lifted by ATB Capital from C$235.00 to C$240.00 in a report released on Friday morning, BayStreet.CA reports. ATB Capital currently has a sector perform rating on the stock.

Several other research firms have also weighed in on WCN. Atb Cap Markets lowered Waste Connections from an outperform rating to a sector perform rating in a research report on Wednesday, February 14th. Royal Bank of Canada lifted their price objective on Waste Connections from C$169.00 to C$182.00 and gave the company an outperform rating in a research note on Thursday, February 15th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of C$193.10.

Waste Connections Trading Down 0.9 %

TSE WCN opened at C$223.55 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.68 and a debt-to-equity ratio of 91.42. Waste Connections has a twelve month low of C$174.74 and a twelve month high of C$234.79. The firm has a market capitalization of C$57.68 billion, a PE ratio of 55.47, a P/E/G ratio of 2.22 and a beta of 0.66. The stock’s 50 day moving average is C$228.55 and its 200 day moving average is C$206.43.

Waste Connections (TSE:WCN) last released its quarterly earnings results on Wednesday, April 24th. The company reported C$1.40 earnings per share for the quarter, beating the consensus estimate of C$1.38 by C$0.02. Waste Connections had a return on equity of 10.30% and a net margin of 9.51%. The company had revenue of C$2.79 billion for the quarter, compared to analyst estimates of C$2.78 billion. Research analysts forecast that Waste Connections will post 8.9363601 earnings per share for the current fiscal year.

Waste Connections Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Wednesday, May 8th will be paid a dividend of $0.385 per share. This is a boost from Waste Connections’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $1.54 dividend on an annualized basis and a yield of 0.69%. Waste Connections’s payout ratio is presently 38.21%.

Insider Activity

In other news, Senior Officer Matthew Stephen Black sold 4,128 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of C$167.34, for a total transaction of C$690,760.94. In other news, Senior Officer Robert Michael Cloninger sold 3,746 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of C$170.21, for a total transaction of C$637,613.03. Also, Senior Officer Matthew Stephen Black sold 4,128 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of C$167.34, for a total value of C$690,760.94. Insiders have sold a total of 18,026 shares of company stock valued at $3,043,157 over the last ninety days. 0.28% of the stock is currently owned by corporate insiders.

Waste Connections Company Profile

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.