The stock of Waste Connections Inc (WCN) has seen a 0.91% increase in the past week, with a -2.44% drop in the past month, and a 9.47% flourish in the past quarter. The volatility ratio for the week is 0.95%, and the volatility levels for the past 30 days are at 1.25% for WCN. The simple moving average for the past 20 days is -0.90% for WCN’s stock, with a 12.48% simple moving average for the past 200 days.
Is It Worth Investing in Waste Connections Inc (NYSE: WCN) Right Now?
Waste Connections Inc (NYSE: WCN) has a price-to-earnings ratio of 56.24x that is above its average ratio. Additionally, the 36-month beta value for WCN is 0.66. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 3 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for WCN is 256.76M and currently, short sellers hold a 0.42% ratio of that float. The average trading volume of WCN on April 25, 2024 was 900.92K shares.
WCN) stock’s latest price update
Waste Connections Inc (NYSE: WCN)’s stock price has soared by 0.01 in relation to previous closing price of 166.17. Nevertheless, the company has seen a gain of 0.91% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-24 that Waste Connections (WCN) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $0.89 per share a year ago.
Analysts’ Opinion of WCN
Many brokerage firms have already submitted their reports for WCN stocks, with RBC Capital Mkts repeating the rating for WCN by listing it as a “Outperform.” The predicted price for WCN in the upcoming period, according to RBC Capital Mkts is $196 based on the research report published on April 08, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see WCN reach a price target of $181, previously predicting the price at $170. The rating they have provided for WCN stocks is “Neutral” according to the report published on February 29th, 2024.
WCN Trading at -0.90% 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 -3.96% of loss for the given period.
Volatility was left at 1.25%, however, over the last 30 days, the volatility rate increased by 0.95%, as shares sank -2.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.64% upper at present.
During the last 5 trading sessions, WCN rose by +0.91%, which changed the moving average for the period of 200-days by +19.82% in comparison to the 20-day moving average, which settled at $167.50. In addition, Waste Connections Inc saw 11.33% 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:
- 0.18 for the present operating margin
- 0.53 for the gross margin
The net margin for Waste Connections Inc stands at 0.1. The total capital return value is set at 0.08. 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 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 1.04. The interest coverage ratio of the stock is -104.36.
Currently, EBITDA for the company is 2.52 billion with net debt to EBITDA at 4.03. When we switch over and look at the enterprise to sales, we see a ratio of 6.16. The receivables turnover for the company is 9.2for trailing twelve months and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.68.
Conclusion
In conclusion, Waste Connections Inc (WCN) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
