Waste Connections Inc. (NYSE:WCN) went down by -0.73% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Waste Management giant went up by $91.09 to trade ended Thursday trading at $91.76. This is down from the $91.76 price recorded on Wednesday’s trading session. Thanks to this latest performance, WCN is closer to the higher price 52-week target of $110.00 and further from the lowest price target of $90.00. Its performance from the start of the year has also been positive, with WCN up by 0.33% year-to-date.
Waste Connections Inc. (WCN) started the day trading at $91.56 and recorded an intraday high of $92.25. It also recorded an intraday low of $90.94 during Thursday’s trading session. Waste Connections Inc. is a very active stock that recorded a trading volume that is less than -70.25% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 751849, which is less than -70.25 of the total average daily trading volume of 1.28 million.
Waste Connections Inc. (NYSE:WCN) 2020 Performance Impressive
The increase in WCN’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of WCN currently stands at $105.17, which is higher than the current trading price of the stock by 13.39%. However, WCN’s current trading price is -28.53% lower than the 52-week low price of $70.87. In terms of trading volume, Waste Connections Inc. currently experienced healthy participation during the last trading session. 751849 shares of Waste Connections Inc. were traded on the stock exchange on Thursday, which is less than -70.25% of the 1.28 million average trading volume of the stock.
The performance of the stock has been positive over the past year. WCN’s performance over the past one year has seen it plunge by -4.56%, while the stock has gone up by 0.75% in the last six months. The quarterly performance of WCN currently stands at 9.88%, and it is down by -0.52% in the last month. The only positive figure was from the weekly performance, which currently reads 1.87%. At the time of writing WCN’s report, the company has a total market cap of $24.11B, making it one of the largest publicly-traded companies in the world.Waste Connections Inc. also has over 18204 employees all over the world.
WCN Insider Activities
For Waste Connections Inc., insiders hold 70.30% of all company shares. The insider transactions over the past six months are down by 0.00%. During that period, insiders bought 226,851 shares in 55 transactions. In that same period, insiders sold 125,713 of their shares in 60 transactions. After these transactions, insiders at Waste Connections Inc. now hold 609.74k shares, which is over 88.60% of the total company stocks. Institutional investors currently hold a large chunk of the WCN shares, as they control 0.23% of the company’s total stock.
WCN Fundamental Analysis
For Waste Connections Inc., the stock’s diluted earnings per share (EPS) stands at 2.21. In the coming year, analysts expect the EPS to be 2.82. The stock’s EPS growth this year is 3.60%, with analysts expecting almost a 1 growth in the earnings per share next week. In terms of revenue, Waste Connections Inc.’s quarterly sales (YOY) is growing at 0.52, which is lower than the average annual revenue of 7.00% over the past half a decade.
The Return on Investment (ROI) on Waste Connections Inc.’s stock currently stands at 6.20%, and it has a net profit margin of 10.60%. The operating margin of the company is 15.80%, and its gross margin is 40.30%.
WCN Analysts Prediction
Another analyst that has a Neutral rating for WCN is JP Morgan, which set a price target of between $96 and $98.
Jefferies and BofA/Merrill also believe that Waste Connections Inc.’s stock is outperforming at the moment.
At the moment, Waste Connections Inc.’s Total Debt to Equity ratio stands at 0.77, and they have a long-term Debt to Equity ratio of 0.77.
WCN Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of WCN currently stands at -2.23%, while the SMA50 is 1.46%. The biggest one is the SMA200, which is currently reading -0.13% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 48.33, while its price to earnings ratio (P/E) is 41.24.