Waste Connections Inc. (WCN): Mean Target Price for Industrials Sector stood at $107.00


Waste Connections Inc. (NYSE:WCN) changes shares on Monday trading session, with a change of -1.42% or -$1.45 shares. The trading starts at $102.33 and closed at $102.37 throughout the day. The trading session low price was $100.66 and day high was $102.511 on Monday, August 03. After the session, the Industrials sector daily volume shifted to 0.48 million while its average volume is 878.13K. In other hand, the WCN market cap reached to $26.48B. While, its current target price is $106.80.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 0.65% and up 9.23% for month. Its quarterly performance was 18.26% above, while its half year performance is up 2.47%. WCN yearly performance stood at positive 12.07% and rise 11.16% for year-to-date. Current recommendation for Waste Connections Inc. is 1.90.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. WCN EPS (TTM) for 12-month is 2.21. EPS for this year is 3.60%, while for the next year its value is 2.88. Sales growth for the current quarter is 6.30 while its EPS Q/Q reached 13.90%. It has an EPS of 7.00% up for past five years and for the next five years will be up 7.25%.

Let’s take a look on the analyst recommendations on WCN for the current month and previous month. For the current month, 12 of 15 analysts recommend stock as Buy while 1 as Sell, 0 as overweight, 0 as underweight and 2 as Hold. As compared with the previous month ratings, 15 analysts participate in stock recommendation. Out of 15, 1 rated it sell, 12 rated it as Buy and 2 as Hold Ratings. On the other hand, target price ranges from $95.00 – $115.00. Average target price for WCN was reached at $106.36.

Vanguard Group, Inc. (The), Price (T.Rowe) Associates Inc and Royal Bank of Canada are the top three holders in Waste Connections Inc. (WCN) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 27.5 million shares which valued 2.13 billion. On Mar 30, 2020, Price (T.Rowe) Associates Inc owned 22.09 million shares which valued at 1.71 billion. On Mar 30, 2020, Royal Bank of Canada has a total of 10.58 million shares which valued at 820.27 million. In the end, Royal Bank of Canada have 4.03% shares outstanding of Waste Connections Inc. (WCN) on Mar 30, 2020. The insider ownership moved to 1.00% and institutional holding shifted to 70.30%.

The company posted an EPS (TTM) of 2.21. According to the most recent quarter report on (Jun 2020), 15 analysts estimated an average EPS of 0.55, while 0.69 EPS posted a year ago period. Analyst Estimated EPS for WCN published in the report was $0.45 – $0.6 during the same period. Comparing with last year, the average estimated EPS was 0.69 which is higher than 0.65 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for WCN rise 9.66% for period of 200 days. SMA for 50 days was 6.15% which is showing green signal, while SMA-20 was 2.12%. The moving average value for Waste Connections Inc. (WCN) is 92.47 and 95.82 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in WCN stock. On May 20, JACKMAN WORTHING, President and CEO, sold 18,000 trading shares at the cost of $92.26, which valued at 1.66 million. On Mar 03, LITTLE JAMES, Executive VP Engineering, sold 3,000 shares at the cost of $99.28, with total shares of 27,014. On Mar 02, Shea Patrick James, Exec VP, General Counsel & Sec, sold 9,000 shares at the cost of 98.00. After this transaction, Shea Patrick James total shares reached to 21,706 which valued at 0.88 million.