Waste Connections (TSE:WCN) Raised to "Strong-Buy" at Scotiabank

Waste Connections (TSE:WCN - Get Free Report) was upgraded by investment analysts at Scotiabank from a "hold" rating to a "strong-buy" rating in a report issued on Friday,Zacks.com reports.

• Waste Management: Is it a good use of your time?

Other analysts also recently issued reports about the stock. Barclays raised shares of Waste Connections to a "hold" rating in a report on Friday, September 19th. Atb Cap Markets upgraded shares of Waste Connections from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 24th. Six equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Strong Buy" and an average price target of C$260.00.

Check Out Our Latest Analysis on Waste Connections

Waste Connections Stock Performance

Shares of TSE WCN opened at C$241.95 on Friday. The company's fifty day moving average price is C$248.60 and its 200 day moving average price is C$258.30. Waste Connections has a 1 year low of C$236.00 and a 1 year high of C$284.73. The company has a market capitalization of C$62.29 billion, a PE ratio of 97.56, a price-to-earnings-growth ratio of 2.22 and a beta of 0.39. The company has a debt-to-equity ratio of 102.69, a quick ratio of 0.74 and a current ratio of 0.77.

Insider Activity at Waste Connections

In other news, insider Patrick J. Shea sold 5,000 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of C$258.01, for a total value of C$1,290,045.00. Following the completion of the sale, the insider directly owned 20,671 shares in the company, valued at C$5,333,304.04. This represents a 19.48% decrease in their ownership of the stock. 0.21% of the stock is owned by company insiders.

Waste Connections Company Profile

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.

Featured Articles

• Five stocks we like better than Waste Connections
• Asset Allocation Strategies in Volatile Markets
• 3 Heavily Shorted Stocks That Could Pop on Rate Cuts
• Using the MarketBeat Dividend Yield Calculator
• Broadcom Gets Second $420 Target as CPO Win Boosts Outlook
• About the Markup Calculator
• PepsiCo’s Deep Discount Will Soon Evaporate: Buy It While You Can

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Waste Connections Right Now?

Before you consider Waste Connections, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Waste Connections wasn't on the list.

While Waste Connections currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here