In yesterday’s Wall Street session, Waste Connections Inc. (NYSE:WCN) shares traded at $140.69, down -0.63% from the previous session.
As of this writing, 18 analysts cover Waste Connections Inc. (NYSE:WCN). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $171.00 and a low of $120.00, we find $160.00. Given the previous closing price of $141.58, this indicates a potential upside of 13.01 percent. WCN stock price is now 1.06% away from the 50-day moving average and 2.77% away from the 200-day moving average. The market capitalization of the company currently stands at $36.13B.
There are 1 analysts who have given it a hold rating, whereas 15 have given it a buy rating. Brokers who have rated the stock have averaged $157.41 as their price target over the next twelve months.
With the price target of $155, Citigroup recently initiated with Neutral rating for Waste Connections Inc. (NYSE: WCN).
In other news, LITTLE JAMES, Executive VP Engineering sold 4,500 shares of the company’s stock on Mar 06. The stock was sold for $611,408 at an average price of $135.87. Upon completion of the transaction, the Executive VP Engineering now directly owns 29,410 shares in the company, valued at $4.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 06, Director RAZZOUK WILLIAM J sold 2,000 shares of the business’s stock. A total of $271,140 was realized by selling the stock at an average price of $135.57. This leaves the insider owning 3,584 shares of the company worth $0.5 million. A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WCN stock. A new stake in Waste Connections Inc. shares was purchased by ARGENT CAPITAL MANAGEMENT LLC during the first quarter worth $37,574,000. BROOKFIELD CORP /ON/ invested $13,946,000 in shares of WCN during the first quarter. In the first quarter, UTAH RETIREMENT SYSTEMS acquired a new stake in Waste Connections Inc. valued at approximately $4,447,000. PRIME CAPITAL INVESTMENT ADVISORS, LLC acquired a new stake in WCN for approximately $4,107,000. AUSTRALIANSUPER PTY LTD purchased a new stake in WCN valued at around $3,936,000 in the second quarter. In total, there are 925 active investors with 70.30% ownership of the company’s stock.
Thursday morning saw Waste Connections Inc. (NYSE: WCN) opened at $140.55. During the past 12 months, Waste Connections Inc. has had a low of $124.23 and a high of $148.20. As of last week, the company has a debt-to-equity ratio of 0.96, a current ratio of 0.80, and a quick ratio of 0.80. According to the stock market information, the enterprise value for the company is $43.80B, which is based on a 42.53 price-to-earnings ratio, a 3.60 price-to-earnings-growth ratio, and a beta of 0.67. The fifty day moving average price for WCN is $139.24 and a two-hundred day moving average price translates $136.98 for the stock.
The latest earnings results from Waste Connections Inc. (NYSE: WCN) was released for Mar, 2023. According to the Waste Management Company, earnings per share came in at $0.89, beating analysts’ expectations of $0.88 by 0.01. This compares to $0.69 EPS in the same period last year. The net profit margin was 11.40% and return on equity was 12.10% for WCN. The company reported revenue of $1.9 billion for the quarter, compared to $1.65 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.44 percent. For the current quarter, analysts expect WCN to generate $2.02B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/30/2023. Investors who held shares on 08/16/2023 were paid a $0.255 dividend. On an annualized basis, this represents a $1.02 dividend and a 0.72% percent yield. There was an ex-dividend date of 08/15/2023 for this dividend. In terms of dividend payout ratio, WCN is presently at 28.50%.
Waste Connections Inc.(WCN) Company Profile
Waste Connections, Inc. provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (E&P) customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals. The company also owns and operates transfer stations that receive compact and/or load waste to be transported to landfills or treatment facilities through truck, rail, or barge; and intermodal services for the rail haul movement of cargo and solid waste containers in the Pacific Northwest through a network of intermodal facilities. In addition, it provides E&P waste treatment, recovery, and disposal services for waste resulting from oil and natural gas exploration and production activity, such as drilling fluids, drill cuttings, completion fluids, and flowback water; production wastes and produced water during a well’s operating life; contaminated soils that require treatment during site reclamation; and substances, which require clean-up after a spill, reserve pit clean-up, or pipeline rupture. Further, the company offers leasing services to its customers. Waste Connections, Inc. was founded in 1997 and is based in Woodbridge, Canada.
