Waste Connections (TSE:WCN) Stock Crosses Below 50 Day Moving Average – Should You Sell?

Waste Connections, Inc. (TSE:WCN) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$256.44 and traded as low as C$245.21. Waste Connections shares last traded at C$248.60, with a volume of 64,546 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Eight Capital set a C$270.00 price objective on shares of Waste Connections and gave the company a “neutral” rating in a research note on Wednesday, October 9th. ATB Capital boosted their price objective on shares of Waste Connections from C$255.00 to C$260.00 in a research report on Friday, October 25th. Finally, Scotiabank upgraded Waste Connections to a “hold” rating in a report on Friday, October 4th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$237.33.

Waste Connections Stock Up 0.0 %

The company has a quick ratio of 0.74, a current ratio of 0.70 and a debt-to-equity ratio of 100.60. The company has a market capitalization of C$64.15 billion, a P/E ratio of 55.14, a price-to-earnings-growth ratio of 2.22 and a beta of 0.72. The company has a 50-day moving average of C$256.44 and a two-hundred day moving average of C$248.28.

Waste Connections Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were issued a dividend of $0.426 per share. This is a boost from Waste Connections’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 0.69%. Waste Connections’s dividend payout ratio is presently 34.37%.

Insider Buying and Selling

In other Waste Connections news, Senior Officer Robert Andres Nielsen sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of C$260.63, for a total value of C$260,625.00. 0.21% of the stock is owned by company 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.