Waste Connections (TSE:WCN) Stock Price Passes Below 50-Day Moving Average - Time to Sell?

Key Points

• Waste Connections' stock price has dipped below its 50-day moving average of C$253.85, trading as low as C$249.31.
• The company received upgrades from multiple analysts, with five giving it a "strong-buy" rating and a consensus price target of C$265.00.
• Waste Connections has a market cap of C$64.45 billion, a P/E ratio of 101.08, and operates numerous waste management facilities across North America.

Waste Connections, Inc. (TSE:WCN - Get Free Report)'s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$253.85 and traded as low as C$249.31. Waste Connections shares last traded at C$250.67, with a volume of 244,852 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on WCN shares. National Bank Financial raised shares of Waste Connections to a "strong-buy" rating in a report on Monday, May 26th. 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, Melius Research raised shares of Waste Connections to a "strong-buy" rating in a report on Monday, June 9th. Five research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of C$265.00.

Waste Connections Price Performance

The firm's 50-day moving average is C$253.85 and its two-hundred day moving average is C$263.22. The company has a market cap of C$64.45 billion, a P/E ratio of 101.08, a PEG ratio of 2.22 and a beta of 0.38. The company has a debt-to-equity ratio of 102.69, a current ratio of 0.77 and a quick ratio of 0.74.

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.

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