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

Waste Connections, Inc. (TSE:WCN)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as C$211.54 and last traded at C$211.54, with a volume of 100356 shares traded. The stock had previously closed at C$214.93.

Analyst Ratings Changes

WCN has been the subject 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 raised shares of Waste Connections to a “strong-buy” rating in a report on Tuesday, January 6th. Nine analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Waste Connections Stock Down 2.6%

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 stock’s fifty day simple moving average is C$225.29 and its 200-day simple moving average is C$232.58. The stock has a market cap of C$53.20 billion, a P/E ratio of 51.07, a PEG ratio of 2.22 and a beta of 0.50.

Waste Connections (TSE:WCN) last issued its earnings results on Wednesday, April 22nd. The company reported C$1.71 earnings per share (EPS) for the quarter. Waste Connections had a net margin of 10.98% and a return on equity of 12.83%. The firm had revenue of C$3.30 billion for the quarter. On average, research 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.