Waste Connections (TSE:WCN) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Waste Connections, Inc. (TSE:WCN) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$225.46 and traded as high as C$225.51. Waste Connections shares last traded at C$223.76, with a volume of 263,119 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on WCN shares. BNP Paribas Exane raised Waste Connections to a “strong-buy” rating in a report on Tuesday, January 6th. Wolfe Research raised Waste Connections to a “strong-buy” rating in a report on Friday, March 13th. Nine equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Strong Buy”.

Waste Connections Price Performance

The firm has a 50 day moving average price of C$225.46 and a 200 day moving average price of C$232.88. The company has a quick ratio of 0.74, a current ratio of 0.69 and a debt-to-equity ratio of 117.10. The stock has a market cap of C$55.64 billion, a P/E ratio of 53.41, a P/E/G ratio of 2.22 and a beta of 0.48.

Waste Connections (TSE:WCN) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported C$1.71 EPS for the quarter. Waste Connections had a return on equity of 12.83% and a net margin of 10.98%.The firm had revenue of C$3.30 billion for the quarter. On average, analysts forecast that Waste Connections, Inc. will post 9.9808652 EPS for the current fiscal 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.