Waste Connections (TSE:WCN) Sets New 12-Month Low - Should You Sell?

Key Points

• Waste Connections reached a new 52-week low of C$236.00, closing the day at C$238.12 after significant trading activity.
• Recent analyst reports show a mixed sentiment, with five analysts rating Waste Connections as a strong buy and three giving it a hold rating, indicating confidence in its future potential.
• Insider Patrick J. Shea sold 5,000 shares at an average price of C$258.01, reducing his stake in the company by 19.48%.

Waste Connections, Inc. (TSE:WCN - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$236.00 and last traded at C$238.12, with a volume of 294986 shares traded. The stock had previously closed at C$238.86.

Analyst Upgrades and Downgrades

WCN has been the subject of several recent research reports. Melius Research raised shares of Waste Connections to a "strong-buy" rating in a research report on Monday, June 9th. Atb Cap Markets raised shares of Waste Connections from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 24th. Finally, Barclays raised shares of Waste Connections to a "hold" rating in a report on Friday, September 19th. Five research analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of C$265.00.

Waste Connections Stock Down 0.3%

The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 102.69. The stock has a market capitalization of C$61.22 billion, a P/E ratio of 96.02, a P/E/G ratio of 2.22 and a beta of 0.40. The stock's 50 day simple moving average is C$252.03 and its 200 day simple moving average is C$260.70.

Insider Buying and Selling

In other Waste Connections news, insider Patrick J. Shea sold 5,000 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of C$258.01, for a total transaction of C$1,290,045.00. Following the transaction, the insider directly owned 20,671 shares in the company, valued at C$5,333,304.04. This represents a 19.48% decrease in their position. 0.21% of the stock is owned by company insiders.

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.

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