Waste Connections Inc [WCN] stock is trading at $175.97, up 2.03%. 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 2.56% over the last week, with a monthly amount drifted -7.55%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Waste Connections Inc [NYSE: WCN] stock has seen the most recent analyst activity on October 04, 2024, when Scotiabank initiated its Sector Perform rating and assigned the stock a price target of $196. UBS downgraded its rating to a Neutral and increased its price target to $181 on February 29, 2024. Wells Fargo initiated its recommendation with a Overweight. Wolfe Research downgraded its rating to Peer Perform for this stock on November 21, 2023. In a note dated October 17, 2023, Wolfe Research initiated an Outperform rating and provided a target price of $152 on this stock.
Waste Connections Inc [WCN] stock has fluctuated between $145.35 and $194.83 over the past year. Currently, Wall Street analysts expect the stock to reach $192.5 within the next 12 months. Waste Connections Inc [NYSE: WCN] shares were valued at $175.97 at the most recent close of the market. An investor can expect a potential return of 9.39% based on the average WCN price forecast.
Analyzing the WCN fundamentals
Waste Connections Inc [NYSE:WCN] reported sales of 8.69B for the trailing twelve months, which represents a growth of 13.26%. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.12 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.99.
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 173.46 points at the first support level, and at 170.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 177.33, and for the 2nd resistance point, it is at 178.69.
Ratios To Look Out For
For context, Waste Connections Inc’s Current Ratio is 0.77. Also, the Quick Ratio is 0.77, while the Cash Ratio stands at 0.07. Considering the valuation of this stock, the price to sales ratio is 5.22, the price to book ratio is 5.50 and price to earnings (TTM) ratio is 48.39.
Transactions by insiders
Recent insider trading involved NIELSEN III ROBERT, SR VP Operations, that happened on Nov 12 ’24 when 1000.0 shares were sold. Executive VP Engineering, LITTLE JAMES completed a deal on Nov 11 ’24 to sell 2000.0 shares. Meanwhile, Officer JAMES AND MICHELLE LITTLE REV bought 2000.0 shares on Nov 11 ’24.
