Waste Connections (TSE:WCN) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

Shares of Waste Connections, Inc. (TSE:WCN) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$236.49 and traded as low as C$231.00. Waste Connections shares last traded at C$231.80, with a volume of 394,410 shares changing hands.

Analyst Upgrades and Downgrades

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

Waste Connections Stock Up 0.2%

The stock has a 50-day moving average of C$236.49 and a 200 day moving average of C$243.08. 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 company has a market capitalization of C$59.35 billion, a PE ratio of 96.58, a P/E/G ratio of 2.22 and a beta of 0.33.

Waste Connections (TSE:WCN) last announced its quarterly earnings data on Tuesday, October 21st. The company reported C$1.11 EPS for the quarter. Waste Connections had a net margin of 10.81% and a return on equity of 11.86%. The business had revenue of C$3.42 billion for the quarter. Sell-side analysts anticipate that Waste Connections, Inc. will post 9.9808652 EPS for the current year.

About Waste Connections

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.