Waste Connections (TSE:WCN) Reaches New 52-Week Low – Should You Sell?

Waste Connections, Inc. (TSE:WCN) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$227.17 and last traded at C$227.66, with a volume of 46667 shares changing hands. The stock had previously closed at C$230.75.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WCN. Sanford C. Bernstein raised shares of Waste Connections to a “strong-buy” rating in a research note on Wednesday, November 12th. The Goldman Sachs Group raised Waste Connections to a “strong-buy” rating in a research note on Monday, November 24th. Barclays upgraded Waste Connections to a “hold” rating in a research report on Friday, September 19th. Scotiabank raised shares of Waste Connections from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Finally, Wells Fargo & Company upgraded shares of Waste Connections to a “strong-buy” rating in a research report on Thursday, November 13th. Ten analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Waste Connections currently has an average rating of “Strong Buy”.

Waste Connections Stock Performance

The company has a debt-to-equity ratio of 102.69, a quick ratio of 0.74 and a current ratio of 0.77. The firm’s 50-day moving average price is C$239.67 and its two-hundred day moving average price is C$245.15. The stock has a market cap of C$59.61 billion, a price-to-earnings ratio of 97.01, a PEG ratio of 2.22 and a beta of 0.31.

Waste Connections (TSE:WCN) last issued its earnings results on Tuesday, October 21st. The company reported C$1.11 EPS for the quarter. The company had revenue of C$3.42 billion for the quarter. Waste Connections had a net margin of 10.81% and a return on equity of 11.86%. On average, analysts expect that Waste Connections, Inc. will post 9.9808652 EPS for the current fiscal 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.