Waste Connections (TSE:WCN) Hits New 52-Week Low – Time to Sell?

Waste Connections, Inc. (TSE:WCN)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$212.72 and last traded at C$214.69, with a volume of 641369 shares trading hands. The stock had previously closed at C$233.01.

Wall Street Analyst Weigh In

WCN has been the subject of a number of analyst reports. BNP Paribas Exane raised shares of Waste Connections to a “strong-buy” rating in a research report on Tuesday, January 6th. Sanford C. Bernstein raised 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 report on Monday, November 24th. Finally, Wells Fargo & Company upgraded Waste Connections to a “strong-buy” rating in a research note on Thursday, November 13th. Nine research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Waste Connections Stock Performance

The stock has a market cap of C$55.79 billion, a PE ratio of 90.94, a P/E/G ratio of 2.22 and a beta of 0.33. The company has a debt-to-equity ratio of 102.69, a current ratio of 0.77 and a quick ratio of 0.74. The stock has a 50-day simple moving average of C$234.54 and a 200-day simple moving average of C$241.98.

Waste Connections (TSE:WCN) last released its quarterly earnings data on Wednesday, February 11th. The company reported C$1.77 EPS for the quarter. Waste Connections had a return on equity of 11.86% and a net margin of 10.81%.The company had revenue of C$3.26 billion for the quarter. Equities analysts predict that Waste Connections, Inc. will post 9.9808652 earnings per share 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.