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Waste Connections Rises On Unusually High Volume (WCN)

By TheStreet Wire 02/29/12 - 03:07 PM EST

Find out if (WCN) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Waste Connections (NYSE:WCN) is trading at unusually high volume Wednesday with 2.6 million shares changing hands. It is currently at four times its average daily volume and trading up $1.05 (+3.4%) at $32.02 as of 2:40 p.m. ET.

Waste Connections has a market cap of $3.66 billion and is part of the industrial goods sector and materials & construction industry. Shares are down 6.5% year to date as of the close of trading on Tuesday.

Waste Connections, Inc., an integrated solid waste services company, provides solid waste collection, transfer, disposal, and recycling services. The company has a P/E ratio of 21.9, below the average materials & construction industry P/E ratio of 22.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Waste Connections as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, good cash flow from operations, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Waste Connections Ratings Report.

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