Waste Connections Inc has seen a slight decline this week amidst mixed market sentiment.
Waste Connections Inc (WCN.TO) closed at C$228.15, reflecting a 0.82% decrease on the day and a 1.19% drop over the past week. This decline adds to the stock's year-to-date performance, which is down 4.58%. This week's trading volume was notably higher than average, indicating increased investor interest.
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Waste Connections Inc
WCN.TO
WCN.TO
Waste Connections Inc
WealthAwesomeMarket cap
$57.40B
P/E
39.7x
Div. yield
0.59%
Div. / share
$1.36
52W high
$249.31
52W low
$203.03
1W change
-1.19%
Beta
0.47
Analyst Price Targets
Based on analyst covering WCN
Wall Street analysts forecast WCN stock price to rise 10.4% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$251.88
+10.4% Upside
Current Price
C$228.15
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on WCN's historical volatility
30-Day Vol
19.1%
Annualized
90-Day Vol
21.5%
Annualized
Trend (90d)
+12.1%
Annualized drift
90d Mean
C$238.21
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$231.46 | C$216.68 – C$247.24 |
| 60 trading days | C$234.81 | C$213.89 – C$257.77 |
| 90 trading days | C$238.21 | C$212.49 – C$267.04 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: As Waste Connections navigates a challenging market environment, investors may want to keep an eye on its technical indicators and analyst outlook, which suggest a moderate bullish sentiment despite recent price fluctuations.
Key Numbers for Waste Connections Inc
The stock has a P/E ratio of 39.68 and a market cap of approximately C$57.4 billion, reflecting its position in the industrial sector.
Bull case
Analysts have set an average target of C$251.88 for Waste Connections, suggesting a potential upside of 10.4%. The company maintains a consistent profit margin of 10.9% and a return on equity (ROE) of 13.0%, both of which indicate solid operational efficiency.
Bear case
Despite its strong fundamentals, the stock is currently trading below both its 50-day and 200-day moving averages, which may indicate some weakness. Additionally, the stock's beta of 0.47 suggests it has lower volatility compared to the broader market, potentially limiting short-term gains.
Recent Performance Overview
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Waste Connections Inc has experienced a challenging week, with shares closing at C$228.15, down 0.82% on the day and 1.19% over the past week. The stock has declined by 1.00% in the last month, contributing to a year-to-date decrease of 4.58%. The latest trading session saw a volume of 387,486 shares, significantly higher than the 20-day average volume of 264,387 shares, indicating heightened investor activity.
Company News and Market Sentiment
Recent headlines surrounding Waste Connections indicate a mixed sentiment. Notably, there was a report highlighting that shares rose 8.6% over the past three months, suggesting some recovery. However, analysts have also pointed out that the stock may be overvalued despite its strong earnings potential, which could be impacting investor confidence. The overall outlook remains moderately bullish, with analysts maintaining a positive perspective on the company’s long-term prospects.
Technical Picture
From a technical standpoint, Waste Connections is currently trading below its 50-day moving average of C$235.47, representing a 3.1% decline, and just slightly below its 200-day moving average of C$229.18, which is down 0.4% from the current price. The stock's 52-week range is C$203.03 to C$249.31, with the current price at approximately 54% of that range. The beta of 0.47 indicates that the stock has lower volatility compared to the market, which may influence investment strategies.
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