Waste Connections (TSE:WCN) Share Price Crosses Below 50-Day Moving Average – What’s Next?

Waste Connections, Inc. (TSE:WCN)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$256.78 and traded as low as C$254.92. Waste Connections shares last traded at C$255.28, with a volume of 305,345 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have commented on the company. ATB Capital raised their target price on Waste Connections from C$255.00 to C$260.00 in a research report on Friday, October 25th. Eight Capital set a C$270.00 price objective on Waste Connections and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, Scotiabank upgraded shares of Waste Connections to a “hold” rating in a research note on Friday, October 4th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$237.33.

Waste Connections Price Performance

The company has a market capitalization of C$65.86 billion, a PE ratio of 56.60, a price-to-earnings-growth ratio of 2.22 and a beta of 0.72. The company has a debt-to-equity ratio of 100.60, a current ratio of 0.70 and a quick ratio of 0.74. The company’s 50 day simple moving average is C$256.63 and its 200 day simple moving average is C$250.78.

Waste Connections (TSE:WCN) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported C$1.84 EPS for the quarter, topping the consensus estimate of C$1.80 by C$0.04. Waste Connections had a net margin of 10.23% and a return on equity of 11.14%. During the same quarter last year, the company posted $1.57 EPS. As a group, sell-side analysts predict that Waste Connections, Inc. will post 9.9808652 earnings per share for the current year.

Insiders Place Their Bets

In related news, Senior Officer Robert Andres Nielsen sold 1,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of C$260.63, for a total transaction of C$260,625.00. Corporate insiders own 0.21% of the company’s stock.

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.