Waste Connections (TSE:WCN) Reaches New 52-Week Low – What’s Next?

Waste Connections, Inc. (TSE:WCN)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as C$227.17 and last traded at C$227.66, with a volume of 46667 shares. The stock had previously closed at C$230.75.

Wall Street Analyst Weigh In

WCN has been the subject of several recent research reports. BNP Paribas upgraded shares of Waste Connections to a “strong-buy” rating in a research report on Tuesday, January 6th. Sanford C. Bernstein raised Waste Connections to a “strong-buy” rating in a research report on Wednesday, November 12th. The Goldman Sachs Group upgraded shares of Waste Connections to a “strong-buy” rating in a research note on Monday, November 24th. Scotiabank raised Waste Connections from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Finally, Barclays raised Waste Connections to a “hold” rating in a research note on Friday, September 19th. Ten analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

Waste Connections Price Performance

The business’s fifty day moving average is C$240.01 and its 200 day moving average is C$245.46. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 102.69. The firm has a market capitalization of C$57.82 billion, a P/E ratio of 94.10, a P/E/G ratio of 2.22 and a beta of 0.31.

Waste Connections (TSE:WCN) last issued its quarterly earnings data on Tuesday, October 21st. The company reported C$1.11 earnings per share (EPS) for the quarter. Waste Connections had a net margin of 10.81% and a return on equity of 11.86%. The firm had revenue of C$3.42 billion during the quarter. As a group, analysts forecast that Waste Connections, Inc. will post 9.9808652 EPS for the current year.

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. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2020, 13% of consolidated revenue was generated from the firm’s Canadian segment.