Waste Connections (TSE:WCN) Reaches New 1-Year Low – Time to Sell?

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

Analysts Set New Price Targets

A number of research firms recently commented on WCN. Wells Fargo & Company raised Waste Connections to a “strong-buy” rating in a report on Thursday, November 13th. Sanford C. Bernstein upgraded shares of Waste Connections to a “strong-buy” rating in a research report on Wednesday, November 12th. BNP Paribas Exane raised shares of Waste Connections to a “strong-buy” rating in a report on Tuesday, January 6th. Scotiabank raised shares of Waste Connections from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Finally, The Goldman Sachs Group upgraded shares of Waste Connections to a “strong-buy” rating in a report on Monday, November 24th. Nine research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Waste Connections Stock Performance

The business’s fifty day moving average price is C$238.68 and its two-hundred day moving average price is C$243.97. The company has a debt-to-equity ratio of 102.69, a quick ratio of 0.74 and a current ratio of 0.77. The stock has a market capitalization of C$57.54 billion, a P/E ratio of 93.65, a P/E/G ratio of 2.22 and a beta of 0.31.

Waste Connections (TSE:WCN) last announced its quarterly earnings results on Tuesday, October 21st. The company reported C$1.11 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, sell-side analysts forecast that Waste Connections, Inc. will post 9.9808652 earnings per share 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.