Waste Connections Inc (NYSE: WCN) has a higher price-to-earnings ratio of 51.97x compared to its average ratio, The 36-month beta value for WCN is at 0.73. Analysts have varying views on the stock, with 9 analysts rating it as a “buy,” 5 rating it as “overweight,” 7 as “hold,” and 1 as “sell.”
The public float for WCN is 257.39M, and currently, shorts hold a 0.60% of that float. The average trading volume for WCN on November 22, 2024 was 859.41K shares.
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WCN) stock’s latest price update
The stock price of Waste Connections Inc (NYSE: WCN) has jumped by 1.33 compared to previous close of 186.53. Despite this, the company has seen a gain of 2.87% in its stock price over the last five trading days. businesswire.com reported 2024-11-20 that CANONSBURG, Pa.–(BUSINESS WIRE)–Vision RNG LLC has signed an RNG agreement with L.P. Gill, Inc, for a Nebraska project converting landfill gas into RNG for sustainable uses.
WCN’s Market Performance
Waste Connections Inc (WCN) has seen a 2.87% rise in stock performance for the week, with a 4.80% gain in the past month and a 1.38% surge in the past quarter. The volatility ratio for the week is 1.72%, and the volatility levels for the past 30 days are at 1.67% for WCN. The simple moving average for the past 20 days is 3.76% for WCN’s stock, with a 8.46% simple moving average for the past 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 4.43% 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 0.25% of gains for the given period.
Volatility was left at 1.67%, however, over the last 30 days, the volatility rate increased by 1.72%, as shares surge +5.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.62% upper at present.
During the last 5 trading sessions, WCN rose by +2.87%, which changed the moving average for the period of 200-days by +20.42% in comparison to the 20-day moving average, which settled at $182.15. In addition, Waste Connections Inc saw 26.62% 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 1,000 shares at the price of $187.50 back on Nov 12 ’24. After this action, NIELSEN III ROBERT now owns 2,250 shares of Waste Connections Inc, valued at $187,500 using the latest closing price.
LITTLE JAMES, the Executive VP Engineering of Waste Connections Inc, sale 2,000 shares at $185.32 during a trade that took place back on Nov 11 ’24, which means that LITTLE JAMES is holding 12,317 shares at $370,650 based on the most recent closing price.
Stock Fundamentals for WCN
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.33 for the gross margin
The net margin for Waste Connections Inc stands at 0.11. The total capital return value is set at 0.09. Equity return is now at value 11.87, with 4.97 for asset returns.
Based on Waste Connections Inc (WCN), the company’s capital structure generated 0.5 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 0.99. The interest coverage ratio of the stock is 5.42.
Currently, EBITDA for the company is 2.35 billion with net debt to EBITDA at 3.21. When we switch over and look at the enterprise to sales, we see a ratio of 6.54. The receivables turnover for the company is 8.82for 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 0.77.
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.
