Waste Connections (TSE:WCN) Sets New 12-Month Low – Here’s Why

Waste Connections, Inc. (TSE:WCN) reached a new 52-week low during trading on Thursday . The stock traded as low as C$224.55 and last traded at C$224.55, with a volume of 96703 shares traded. The stock had previously closed at C$229.55.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on WCN shares. Wells Fargo & Company raised shares of Waste Connections to a “strong-buy” rating in a research note on Thursday, November 13th. Scotiabank raised shares of Waste Connections from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. The Goldman Sachs Group upgraded Waste Connections to a “strong-buy” rating in a research report on Monday, November 24th. Sanford C. Bernstein upgraded Waste Connections to a “strong-buy” rating in a report on Wednesday, November 12th. Finally, BNP Paribas Exane raised Waste Connections to a “strong-buy” rating in a research note on Tuesday, January 6th. Nine equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Waste Connections has an average rating of “Strong Buy”.

Waste Connections Stock Down 2.1%

The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 102.69. The stock has a market cap of C$57.54 billion, a P/E ratio of 93.65, a P/E/G ratio of 2.22 and a beta of 0.31. The company’s 50 day moving average price is C$238.68 and its two-hundred day moving average price is C$243.97.

Waste Connections (TSE:WCN) last released its quarterly earnings data on Tuesday, October 21st. The company reported C$1.11 EPS for the quarter. The company had revenue of C$3.42 billion for the quarter. Waste Connections had a return on equity of 11.86% and a net margin of 10.81%. As a group, research analysts expect that Waste Connections, Inc. will post 9.9808652 earnings per share for the current year.

Waste Connections Company Profile

Waste Connections is the third- largest integrated provider of traditional solid waste and recycling services in the North America, operating 91 active landfills (12 are E&P waste landfills), 132 transfer stations, and 68 recycling operations. The firm serves residential, commercial, industrial, and energy end markets. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2020, 13% of consolidated revenue was generated from the firm’s Canadian segment.