Waste Connections (TSE:WCN) Stock Price Passes Below Fifty Day Moving Average – Should You Sell?

Waste Connections, Inc. (TSE:WCN)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$239.47 and traded as low as C$227.02. Waste Connections shares last traded at C$227.18, with a volume of 447,570 shares trading hands.

Wall Street Analyst Weigh In

WCN has been the subject of several research analyst reports. BNP Paribas raised 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 report on Wednesday, November 12th. The Goldman Sachs Group raised Waste Connections to a “strong-buy” rating in a research report on Monday, November 24th. Scotiabank upgraded 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 note on Thursday, November 13th. Ten analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Waste Connections Price Performance

The stock has a 50-day simple moving average of C$239.47 and a 200 day simple moving average of C$244.65. 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 company has a market cap of C$58.16 billion, a P/E ratio of 94.66, a P/E/G ratio of 2.22 and a beta of 0.31.

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

Waste Connections Company Profile

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.