Waste Connections Inc. (NYSE:WCN) went up by 1.35% from its latest closing price compared to the recent 1-year high of $111.12. The company’s stock price has collected 4.34% of gains in the last five trading sessions. Barron’s reported 11 hours ago that Garbage Stocks Are a Solid Bet. Why They’re Here for the Long Haul.
Is It Worth Investing in Waste Connections Inc. (NYSE :WCN) Right Now?
Waste Connections Inc. (NYSE:WCN) scored a price-to-earnings ratio above its average ratio, recording 145.43 x from its present earnings ratio. Plus, the 36-month beta value for WCN is at 0.67. Opinions of the stock are interesting as 16 analysts out of 16 who provided ratings for Waste Connections Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $117.75, which is $5.01 above the current price. WCN currently public float of 261.68M and currently shorts hold a 0.46% ratio of that float. Today, the average trading volume of WCN was 1.11M shares.
WCN’s Market Performance
WCN stocks went up by 4.34% for the week, with a monthly jump of 9.99% and a quarterly performance of 10.53%, while its annual performance rate touched 42.47%. The volatility ratio for the week stands at 1.13% while the volatility levels for the past 30 days are set at 1.45% for Waste Connections Inc.. The simple moving average for the period of the last 20 days is 6.72% for WCN stocks with a simple moving average of 10.95% for the last 200 days.
Analysts’ Opinion of WCN
Many brokerage firms have already submitted their reports for WCN stocks, with Goldman repeating the rating for WCN by listing it as a “Buy.” The predicted price for WCN in the upcoming period, according to Goldman is $124 based on the research report published on April 07th of the current year 2021.
JP Morgan gave a rating of “Overweight” to WCN, setting the target price at $108 in the report published on September 23rd of the previous year.
WCN Trading at 10.52% from the 50-Day Moving Average
After a stumble in the market that brought WCN to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 1.17% of gains for the given period.
Volatility was left at 1.45%, however, over the last 30 days, the volatility rate increased by 1.13%, as shares surge +9.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.25% upper at present.
During the last 5 trading sessions, WCN rose by +4.34%, which changed the moving average for the period of 200-days by +24.61% in comparison to the 20-day moving average, which settled at $105.84. In addition, Waste Connections Inc. saw 9.60% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at WCN starting from LITTLE JAMES, who sale 2,310 shares at the price of $103.03 back on Mar 09. After this action, LITTLE JAMES now owns 25,560 shares of Waste Connections Inc., valued at $238,003 using the latest closing price.
Black Matthew Stephen, the Sr. Vice President – Tax of Waste Connections Inc., sale 2,100 shares at $102.24 during a trade that took place back on Dec 07, which means that Black Matthew Stephen is holding 28,035 shares at $214,714 based on the most recent closing price.
Stock Fundamentals for WCN
Current profitability levels for the company are sitting at:
- +16.06 for the present operating margin
- +26.02 for the gross margin
The net margin for Waste Connections Inc. stands at +3.76. The total capital return value is set at 7.84, while invested capital returns managed to touch 1.84. Equity return is now at value 3.10, with 1.50 for asset returns.
Based on Waste Connections Inc. (WCN), the company’s capital structure generated 71.61 points at debt to equity in total, while total debt to capital is 41.73. Total debt to assets is 34.83, with long-term debt to equity ratio resting at 70.79. Finally, the long-term debt to capital ratio is 41.25.
When we switch over and look at the enterprise to sales, we see a ratio of 5.46, with the company’s debt to enterprise value settled at 0.16. The receivables turnover for the company is 8.79 and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.37.