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

Waste Connections, Inc. (TSE:WCN)’s share 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 trading hands.

Analysts Set New Price Targets

Several analysts have recently weighed in on WCN shares. Scotiabank upgraded shares of Waste Connections to a “hold” rating in a research report on Friday, October 4th. Eight Capital set a C$270.00 price objective on shares of Waste Connections and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, ATB Capital lifted their target price on Waste Connections from C$255.00 to C$260.00 in a research report on Friday, October 25th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$237.33.

Waste Connections Stock Performance

The company has a current ratio of 0.70, a quick ratio of 0.74 and a debt-to-equity ratio of 100.60. The stock has a market cap of C$65.86 billion, a price-to-earnings ratio of 56.60, a PEG ratio of 2.22 and a beta of 0.72. The stock’s 50 day moving average is C$256.78 and its two-hundred day moving average is C$250.75.

Waste Connections (TSE:WCN) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported C$1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.80 by C$0.04. Waste Connections had a return on equity of 11.14% and a net margin of 10.23%. During the same period in the previous year, the firm posted $1.57 EPS. Analysts anticipate that Waste Connections, Inc. will post 9.9808652 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Senior Officer Robert Andres Nielsen sold 1,000 shares of the business’s stock in a transaction dated 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.