Waste Connections (TSE:WCN) Reaches New 1-Year Low – Here’s Why

Waste Connections, Inc. (TSE:WCN) reached a new 52-week low on Wednesday . The company traded as low as C$204.23 and last traded at C$205.81, with a volume of 200656 shares trading hands. The stock had previously closed at C$207.42.

Analysts Set New Price Targets

Separately, Wolfe Research raised Waste Connections to a “strong-buy” rating in a research note on Friday, March 13th. Nine equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Waste Connections Stock Up 0.4%

The company’s fifty day simple moving average is C$223.22 and its 200 day simple moving average is C$231.33. The company has a current ratio of 0.69, a quick ratio of 0.74 and a debt-to-equity ratio of 117.10. The firm has a market capitalization of C$52.93 billion, a P/E ratio of 50.81, a price-to-earnings-growth ratio of 2.22 and a beta of 0.50.

Waste Connections (TSE:WCN) last announced its earnings results on Wednesday, April 22nd. The company reported C$1.71 earnings per share 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. Research analysts expect 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.