Waste Connections Inc (NYSE: WCN) has seen a decline in its stock price by -0.58 in relation to its previous close of 168.27. However, the company has experienced a -2.56% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-25 that Whether you’re a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Is It Worth Investing in Waste Connections Inc (NYSE: WCN) Right Now?
The price-to-earnings ratio for Waste Connections Inc (NYSE: WCN) is above average at 56.62x, Company’s 36-month beta value is 0.66.Analysts have differing opinions on the stock, with 9 analysts rating it as a “buy,” 3 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for WCN is 256.76M, and currently, short sellers hold a 0.49% ratio of that floaft. The average trading volume of WCN on April 05, 2024 was 929.35K shares.
WCN’s Market Performance
WCN’s stock has seen a -2.56% decrease for the week, with a -0.11% drop in the past month and a 13.45% gain in the past quarter. The volatility ratio for the week is 1.31%, and the volatility levels for the past 30 days are at 1.17% for Waste Connections Inc The simple moving average for the past 20 days is -1.54% for WCN’s stock, with a 14.75% simple moving average for the past 200 days.
Analysts’ Opinion of WCN
Many brokerage firms have already submitted their reports for WCN stocks, with UBS repeating the rating for WCN by listing it as a “Neutral.” The predicted price for WCN in the upcoming period, according to UBS is $181 based on the research report published on February 29, 2024 of the current year 2024.
WCN Trading at 1.60% 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 unable to rebound, for now settling with -3.31% of loss for the given period.
Volatility was left at 1.17%, however, over the last 30 days, the volatility rate increased by 1.31%, as shares sank -0.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.10% upper at present.
During the last 5 trading sessions, WCN fell by -2.56%, which changed the moving average for the period of 200-days by +21.64% in comparison to the 20-day moving average, which settled at $169.88. In addition, Waste Connections Inc saw 12.08% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WCN starting from LITTLE JAMES, who sale 6,000 shares at the price of $168.64 back on Mar 07 ’24. After this action, LITTLE JAMES now owns 28,215 shares of Waste Connections Inc, valued at $1,011,840 using the latest closing price.
GUILLET EDWARD E, the Director of Waste Connections Inc, sale 2,000 shares at $168.79 during a trade that took place back on Mar 07 ’24, which means that GUILLET EDWARD E is holding 31,600 shares at $337,590 based on the most recent closing price.
Stock Fundamentals for WCN
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.38 for the gross margin
The net margin for Waste Connections Inc stands at 0.09. The total capital return value is set at 0.09. Equity return is now at value 10.31, with 4.32 for asset returns.
Based on Waste Connections Inc (WCN), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.32. The debt to equity ratio resting at 0.88. The interest coverage ratio of the stock is 10.56.
Currently, EBITDA for the company is 2.52 billion with net debt to EBITDA at 3.18. When we switch over and look at the enterprise to sales, we see a ratio of 6.19. The receivables turnover for the company is 9.17for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.68.
Conclusion
In a nutshell, Waste Connections Inc (WCN) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
