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NYSE:WCN

Waste Connections (WCN) Stock Price, News & Analysis

$177.86
-3.55 (-1.96%)
(As of 09/18/2024 ET)

About Waste Connections Stock (NYSE:WCN)

Key Stats

Today's Range
$177.37
$181.67
50-Day Range
$175.49
$186.59
52-Week Range
$126.12
$187.54
Volume
1.78 million shs
Average Volume
881,751 shs
Market Capitalization
$45.89 billion
P/E Ratio
57.75
Dividend Yield
0.64%
Price Target
$187.28
Consensus Rating
Moderate Buy

Company Overview

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 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.

Waste Connections Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 93rd Percentile

Waste Connections scored higher than 93% of companies evaluated by MarketBeat, and ranked 26th out of 352 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Waste Connections has received a consensus rating of Moderate Buy. The company's average rating score is 2.78, and is based on 12 buy ratings, 5 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Waste Connections has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Waste Connections' stock forecast and price target.
  • Earnings Growth

    Earnings for Waste Connections are expected to grow by 12.81% in the coming year, from $4.84 to $5.46 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Waste Connections is 57.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.09.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Waste Connections is 57.75, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 42.58.

  • Price to Earnings Growth Ratio

    Waste Connections has a PEG Ratio of 2.96. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Waste Connections has a P/B Ratio of 5.95. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Waste Connections' valuation and earnings.
  • Percentage of Shares Shorted

    0.63% of the float of Waste Connections has been sold short.
  • Short Interest Ratio / Days to Cover

    Waste Connections has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Waste Connections has recently decreased by 4.71%, indicating that investor sentiment is improving.
  • Dividend Yield

    Waste Connections has a dividend yield of 0.61%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Waste Connections does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Waste Connections is 37.01%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Waste Connections will have a dividend payout ratio of 20.88% next year. This indicates that Waste Connections will be able to sustain or increase its dividend.

  • Read more about Waste Connections' dividend.
  • Percentage of Shares Shorted

    0.63% of the float of Waste Connections has been sold short.
  • Short Interest Ratio / Days to Cover

    Waste Connections has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Waste Connections has recently decreased by 4.71%, indicating that investor sentiment is improving.
  • News Sentiment

    Waste Connections has a news sentiment score of 1.06. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Business Services companies.
  • News Coverage This Week

    MarketBeat has tracked 8 news articles for Waste Connections this week, compared to 7 articles on an average week.
  • Search Interest

    10 people have searched for WCN on MarketBeat in the last 30 days. This is an increase of 25% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added Waste Connections to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Waste Connections insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,842,550.00 in company stock.

  • Percentage Held by Insiders

    Only 0.31% of the stock of Waste Connections is held by insiders.

  • Percentage Held by Institutions

    86.09% of the stock of Waste Connections is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Waste Connections' insider trading history.

WCN Stock News Headlines

CIBC Remains a Buy on Waste Connections (WCN)
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This diversified cannabis pioneer could make huge moves soon
The cannabis industry seems deeply saturated, so how do you know where to best invest your money? Let’s start with diversification and experience. Founded in 2005, this company serves a diverse and expansive customer base with more than 8,000 retail locations, including licensed cannabis dispensaries, smoke shops, and specialty retailers.
Waste Connections: Waste Margin Improved 80-90bps
See More Headlines

WCN Stock Analysis - Frequently Asked Questions

Waste Connections' stock was trading at $149.27 at the beginning of 2024. Since then, WCN stock has increased by 19.2% and is now trading at $177.86.
View the best growth stocks for 2024 here
.

Waste Connections, Inc. (NYSE:WCN) announced its quarterly earnings results on Wednesday, July, 24th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.07. Waste Connections's revenue for the quarter was up 11.2% on a year-over-year basis.

Waste Connections shares split on the morning of Monday, June 19th 2017. The 3-2 split was announced on Wednesday, April 26th 2017. The newly issued shares were issued to shareholders after the closing bell on Friday, June 16th 2017. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

Top institutional investors of Waste Connections include Bank of Montreal Can (3.14%), 1832 Asset Management L.P. (1.42%), TD Asset Management Inc (1.42%) and Mackenzie Financial Corp (1.28%). Insiders that own company stock include Mary Anne Whitney, James Little, David Eddie, Robert Michael Cloninger, Patrick James Shea, Susan Netherton, Michael W Harlan, Eric Hansen, Robert Nielsen III, William J Razzouk, Philip Rivard, Andrea E Bertone and Jason Craft.
View institutional ownership trends
.

Shares of WCN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Waste Connections investors own include Hawkins (HWKN), Waste Management (WM), Ingersoll Rand (IR), Xtrackers California Municipal Bond ETF (CA), Alibaba Group (BABA), BlackRock (BLK) and Visa (V).

Company Calendar

Last Earnings
7/24/2024
Ex-Dividend for 8/22 Dividend
8/07/2024
Dividend Payable
8/22/2024
Today
9/18/2024
Next Earnings (Estimated)
10/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Refuse systems
Sub-Industry
Business Services
Employees
22,539
Year Founded
1997

Price Target and Rating

Average Stock Price Target
$187.28
High Stock Price Target
$217.00
Low Stock Price Target
$152.00
Potential Upside/Downside
+5.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.78
Research Coverage
18 Analysts

Profitability

Net Income
$762.80 million
Pretax Margin
13.04%

Debt

Sales & Book Value

Annual Sales
$8.42 billion
Cash Flow
$7.79 per share
Book Value
$29.88 per share

Miscellaneous

Free Float
257,222,000
Market Cap
$45.89 billion
Optionable
Optionable
Beta
0.72

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This page (NYSE:WCN) was last updated on 9/18/2024 by MarketBeat.com Staff
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