At the time of writing, Waste Connections Inc [WCN] stock is trading at $178.11, up 0.32%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WCN shares have lost -0.23% over the last week, with a monthly amount drifted -3.61%, and not 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.
For the past year, the stock price of Waste Connections Inc fluctuated between $126.12 and $187.54. Currently, Wall Street analysts expect the stock to reach $165.13 within the next 12 months. Waste Connections Inc [NYSE: WCN] shares were valued at $178.11 at the most recent close of the market. An investor can expect a potential drop of -7.29% based on the average WCN price forecast.
Analyzing the WCN fundamentals
According to Waste Connections Inc [NYSE:WCN], the company’s sales were 8.42B for trailing twelve months, which represents an 11.24% jump. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.13%, 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 0.11 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.97.
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 176.90 points at the first support level, and at 175.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 179.07, and for the 2nd resistance point, it is at 180.03.
Ratios To Look Out For
It is important to note that Waste Connections Inc [NYSE:WCN] has a current ratio of 0.70. As well, the Quick Ratio is 0.70, while the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 5.46, the price to book ratio is 5.76 and price to earnings (TTM) ratio is 53.44.
Transactions by insiders
Recent insider trading involved NIELSEN III ROBERT, SR VP Operations, that happened on Sep 09 ’24 when 571.0 shares were sold. Director, GUILLET EDWARD E completed a deal on Sep 03 ’24 to sell 8000.0 shares. Meanwhile, Director GUILLET EDWARD E bought 8000.0 shares on Sep 03 ’24.
