Where Does Waste Connections Inc. (WCN) Rank When It Comes To Price-To-Earnings Ratio?

Waste Connections Inc. (NYSE:WCN) finished Friday with an addition of $1.26 to close at $134.21, an upside of 0.95 percent. An average of 675,120 shares of common stock have been traded in the last five days. There was a gain of $4.51 in the past week, and it reached a new high 40 times over the past 12 months. The last 20 days have seen an average of 654,775 shares traded, while the 50-day average volume stands at 605,326.

WCN stock has increased by 1.94% in the last month. The company shares reached their 1-month lowest point of $123.56 on 10/04/21. With the stock rallying to its 52-week high on 10/22/21, shares of the company touched a low of $97.02 and a high of $133.48 in 52 weeks. It has reached a new high 44 times so far this year and achieved 30.85% or $31.64 in price. In spite of this, the price is up 0.55% from the 52-week high.

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Insider Transactions

73 days have passed since Waste Connections Inc. (WCN) last reported insider trading activity. HALL DAVID M, who is Sr. Vice President – Sales, most recently acquired $12,626 shares at $126.00 per share on Aug 11. In this transaction, the insider spent $1,590,876. Exec VP, General Counsel & Sec, Shea Patrick James, disposed of 11,000 shares at a price of $120.35 on Jun 09. The insider now owns more than $1,323,828 worth of shares. Prior to that, VP People, Training & Devlpmnt Netherton Susan went on to Sale 2,500 shares at $120.33 each on May 03. An amount of $300,831 was transacted.

Valuation Metrics

Waste Connections Inc. (WCN) has a trailing price-to-earnings (P/E) ratio of 56.34, which compares with the 18.60 for the broader industry and 29.83 for the sector. In the last five years, Waste Connections Inc.’s PE ratio has ranged between 145.44 and 25.76. The stock’s beta is 0.71. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.18, the price-to-book (PB) ratio at 5.10, and the price-to-cash flow ratio at 36.38.

Waste Connections Inc. pays a $0.82 dividend per share annually. It offers a dividend yield of 0.61%. The company has a payout ratio of 32.70%. The company’s most recent quarterly dividend payment took place on Sep. 1, and it was $0.2050 a share, without any change from last year. Its dividend has been increased for the last 5 consecutive years with the latest increase dividend $0.0510 reported on Friday February 19 2021.Dividends have grown by 52.00% each year over the last three years.

The quick ratio of Waste Connections Inc. for the three months ended June 29 was 1.40, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.69 and a total debt to equity ratio of 0.70 for the quarter ending June 29. Waste Connections Inc.’s EBITDA margin for the year ending June 29 is 29.88%, while its operating margin for the same period stands at 16.30%. Its gross profit as reported stood at $2.17 billion compared to revenue of $5.45 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Waste Connections Inc.’s return on assets was 4.50%. For the broader industry, ROE averaged 4.15 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Waste Connections Inc. had $4.76 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $177.05 million in the quarter, while revenues were grew 228.25%. The analyst consensus anticipated Waste Connections Inc.’s latest quarter earnings to come in at $0.78 per share, but it turned out to be $0.81, a 3.80% surprise. For the quarter, EBITDA amounted to $470.05 million. Shareholders own equity worth $260.52 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Waste Connections Inc. (WCN) price momentum. RSI 9-day as of the close on 22 October was 75.85%, suggesting the stock is Overbought, with historical volatility in this time frame at 11.96%.

As of today, WCN’s price is $131.70 +3.48% or $4.51 from its 5-day moving average. WCN is currently trading +1.44% higher than its 20-day SMA and +10.66% higher than its 100-day SMA. However, the stock’s current price level is +6.02% above the SMA50 and +29.05% above the SMA200.

The stochastic %K and %D were 94.66% and 87.34%, respectively, and the average true range (ATR) was 1.78. With the 14-day stochastic at 98.38% and the average true range at 1.80, the RSI (14) stands at 68.57%. The stock has reached 2.11 on the 9-day MACD Oscillator while the 14-day reading was at 3.41.

Analyst Ratings

Goldman launched coverage on Waste Connections Inc. (NYSE: WCN) in its analyst report released on April 07, 2021. The firm assigned the stock a a Buy rating. The consensus rating for Waste Connections Inc. (WCN) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell WCN, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 15 others rate it as a “buy”.

What is WCN’s price target for the next 12 months?

Analysts predict a range of price targets between $130.00 and $156.00, with a median target of $144.00. Taking a look at these predictions, the average price target given by analysts for Waste Connections Inc. (WCN) stock is $143.20.


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