Waste Connections Inc (NYSE: WCN)’s stock price has dropped by -0.55 in relation to previous closing price of 181.35. Nevertheless, the company has seen a loss of -0.83% in its stock price over the last five trading days. zacks.com reported 2024-10-23 that Waste Connections (WCN) came out with quarterly earnings of $1.35 per share, beating the Zacks Consensus Estimate of $1.30 per share. This compares to earnings of $1.17 per share a year ago.
Is It Worth Investing in Waste Connections Inc (NYSE: WCN) Right Now?
Waste Connections Inc (NYSE: WCN) has a higher price-to-earnings ratio of 54.11x compared to its average ratio, The 36-month beta value for WCN is at 0.72. Analysts have varying views on the stock, with 9 analysts rating it as a “buy,” 3 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for WCN is 257.36M, and currently, shorts hold a 0.47% of that float. The average trading volume for WCN on October 24, 2024 was 844.36K shares.
WCN’s Market Performance
WCN stock saw an increase of -0.83% in the past week, with a monthly gain of 0.55% and a quarterly increase of 2.78%. The volatility ratio for the week is 0.91%, and the volatility levels for the last 30 days are 1.14% for Waste Connections Inc (WCN). The simple moving average for the last 20 days is 0.24% for WCN’s stock, with a simple moving average of 5.35% for the last 200 days.
Analysts’ Opinion of WCN
Many brokerage firms have already submitted their reports for WCN stocks, with Scotiabank repeating the rating for WCN by listing it as a “Sector Perform.” The predicted price for WCN in the upcoming period, according to Scotiabank is $196 based on the research report published on October 04, 2024 of the current year 2024.
RBC Capital Mkts gave a rating of “Outperform” to WCN, setting the target price at $196 in the report published on April 08th of the current year.
WCN Trading at -0.94% 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 -3.83% of loss for the given period.
Volatility was left at 1.14%, however, over the last 30 days, the volatility rate increased by 0.91%, as shares sank -0.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.01% lower at present.
During the last 5 trading sessions, WCN fell by -0.83%, which changed the moving average for the period of 200-days by +22.72% in comparison to the 20-day moving average, which settled at $179.93. In addition, Waste Connections Inc saw 20.83% 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 NIELSEN III ROBERT, who sale 571 shares at the price of $185.50 back on Sep 09 ’24. After this action, NIELSEN III ROBERT now owns 3,250 shares of Waste Connections Inc, valued at $105,920 using the latest closing price.
GUILLET EDWARD E, the Director of Waste Connections Inc, sale 8,000 shares at $184.83 during a trade that took place back on Sep 03 ’24, which means that GUILLET EDWARD E is holding 23,600 shares at $1,478,640 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
- 0.32 for the gross margin
The net margin for Waste Connections Inc stands at 0.1. The total capital return value is set at 0.09. Equity return is now at value 11.16, with 4.70 for asset returns.
Based on Waste Connections Inc (WCN), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 0.97. The interest coverage ratio of the stock is 9.87.
Currently, EBITDA for the company is 2.52 billion with net debt to EBITDA at 3.36. When we switch over and look at the enterprise to sales, we see a ratio of 6.44. The receivables turnover for the company is 8.81for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.70.
Conclusion
In conclusion, Waste Connections Inc (WCN) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
