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

Waste Connections, Inc. (TSE:WCN)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as C$224.55 and last traded at C$224.55, with a volume of 96703 shares. The stock had previously closed at C$229.55.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Scotiabank raised shares of Waste Connections from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. BNP Paribas Exane upgraded shares of Waste Connections to a “strong-buy” rating in a research note on Tuesday, January 6th. Wells Fargo & Company raised Waste Connections to a “strong-buy” rating in a report on Thursday, November 13th. Sanford C. Bernstein raised shares of Waste Connections to a “strong-buy” rating in a report on Wednesday, November 12th. Finally, The Goldman Sachs Group upgraded Waste Connections to a “strong-buy” rating in a research report on Monday, November 24th. Nine 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 company presently has a consensus rating of “Strong Buy”.

Waste Connections Price Performance

The firm has a market capitalization of C$58.32 billion, a P/E ratio of 94.92, a P/E/G ratio of 2.22 and a beta of 0.31. The business’s fifty day moving average is C$237.90 and its 200 day moving average is C$243.66. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 102.69.

Waste Connections (TSE:WCN) last posted its quarterly earnings results 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 for the quarter. As a group, analysts forecast that Waste Connections, Inc. will post 9.9808652 EPS for the current year.

About Waste Connections

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.