Waste Connections Inc [WCN] stock is trading at $177.96, up 1.66%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The WCN shares have gain 2.44% over the last week, with a monthly amount glided 9.06%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On February 29, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $181 on the stock. Wells Fargo started tracking the stock assigning a Overweight rating. Wolfe Research downgraded its rating to a Peer Perform. Wolfe Research started tracking with a Outperform rating for this stock on October 17, 2023, and assigned it a price target of $152. In a note dated July 19, 2023, Citigroup initiated an Neutral rating and provided a target price of $155 on this stock.
Waste Connections Inc [WCN] stock has fluctuated between $126.12 and $177.25 over the past year. Currently, Wall Street analysts expect the stock to reach $161.57 within the next 12 months. Waste Connections Inc [NYSE: WCN] shares were valued at $177.96 at the most recent close of the market. An investor can expect a potential drop of -9.21% based on the average WCN price forecast.
Analyzing the WCN fundamentals
Waste Connections Inc [NYSE:WCN] reported sales of 8.19B for the trailing twelve months, which represents a growth of 9.06%. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.1 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 176.13 points at the first support level, and at 174.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 178.39, and for the 2nd resistance point, it is at 179.26.
Ratios To Look Out For
For context, Waste Connections Inc’s Current Ratio is 0.75. Also, the Quick Ratio is 0.75, while the Cash Ratio stands at 0.07. Considering the valuation of this stock, the price to sales ratio is 5.60, the price to book ratio is 5.90 and price to earnings (TTM) ratio is 57.81.
Transactions by insiders
Recent insider trading involved NIELSEN III ROBERT, SR VP Operations, that happened on Jun 07 ’24 when 1000.0 shares were sold. Director, HARLAN MICHAEL W completed a deal on May 10 ’24 to sell 1500.0 shares. Meanwhile, SR VP Operations NIELSEN III ROBERT sold 2000.0 shares on May 09 ’24.
