Waste Connections (TSE:WCN) Reaches New 12-Month Low - Time to Sell?

Key Points

• Shares of Waste Connections hit a new 52-week low of C$211.54 on Wednesday with about 100,356 shares traded, trading below its 50-day (C$225.29) and 200-day (C$232.58) moving averages.
• Analysts remain broadly bullish with a consensus "Strong Buy" rating—nine analysts at Strong Buy and one at Hold—and recent upgrades from Wolfe Research and BNP Paribas Exane.
• The company has a market cap of C$53.2 billion, a PE ratio of 51.07 and a debt-to-equity of 117.10; it reported quarterly EPS of C$1.71 on C$3.30 billion revenue, indicating solid profitability but relatively high valuation and leverage.

Shares of Waste Connections, Inc. (TSE:WCN - Get Free Report) hit a new 52-week low on Wednesday . The company traded as low as C$211.54 and last traded at C$211.54, with a volume of 100356 shares changing hands. The stock had previously closed at C$214.93.

Analyst Ratings Changes

WCN has been the topic of a number of recent research reports. Wolfe Research raised shares of Waste Connections to a "strong-buy" rating in a research report on Friday, March 13th. BNP Paribas Exane upgraded 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 stock. According to MarketBeat, the company presently has a consensus rating of "Strong Buy".

Waste Connections Price Performance

The stock has a market cap of C$53.20 billion, a PE ratio of 51.07, a P/E/G ratio of 2.22 and a beta of 0.50. The company has a debt-to-equity ratio of 117.10, a current ratio of 0.69 and a quick ratio of 0.74. The business has a fifty day moving average of C$225.29 and a 200 day moving average of C$232.58.

Waste Connections (TSE:WCN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported C$1.71 EPS for the quarter. The firm had revenue of C$3.30 billion during the quarter. Waste Connections had a return on equity of 12.83% and a net margin of 10.98%. Sell-side analysts anticipate that Waste Connections, Inc. will post 9.9808652 earnings per share 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.

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