Waste Connections (TSE:WCN) Reaches New 52-Week High – Here’s What Happened

Waste Connections, Inc. (TSE:WCN)’s share price reached a new 52-week high during 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 traded. The stock had previously closed at C$256.84.

Analysts Set New Price Targets

Separately, UBS Group upgraded Waste Connections from a “hold” rating to a “buy” rating and set a C$200.00 price objective for the company 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and a consensus price target of C$200.00.

Waste Connections Stock Up 2.5%

The company has a market capitalization of C$65.90 billion, a P/E ratio of 59.04, a price-to-earnings-growth ratio of 2.22 and a beta of 0.47. 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’s fifty day moving average is C$229.07 and its 200-day moving average is C$227.04.

About Waste Connections

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.