(WCN) Waste Connections - Ratings and Ratios

Waste Connections Inc (TO:WCN) is a leading provider of non-hazardous waste management services in North America, operating in both the United States and Canada. The companys comprehensive services encompass waste collection, transfer, disposal, and resource recovery, catering to a diverse customer base including residential, commercial, municipal, industrial, and exploration and production (E&P) clients. With a strong presence in the industry, Waste Connections offers a range of specialized services, including landfill disposal, recycling, and E&P waste treatment, recovery, and disposal.

The companys operational infrastructure includes a network of transfer stations, intermodal facilities, and landfills, facilitating the efficient movement of waste through various transportation modes such as truck, rail, and barge. Additionally, Waste Connections provides leasing services, further diversifying its revenue streams. Founded in 1997 and headquartered in Woodbridge, Canada, the company has established itself as a significant player in the environmental and facilities services sector.

From a technical analysis perspective, WCNs stock price is currently at $270.26, with its SMA20 and SMA50 indicators suggesting a relatively stable short-term trend. The SMA200 indicator, however, indicates a longer-term uptrend. With an ATR of 4.69, representing a 1.73% daily volatility, the stock has shown resilience within its 52-week range of $221.55 to $281.22. Considering these technical indicators, a potential forecast could be that WCNs stock price may continue to consolidate around its current levels, with a potential breakout above $281.22, driven by a strengthening industry outlook and improving fundamental data.

Fundamentally, Waste Connections boasts a substantial market capitalization of $69.73 billion CAD, with a forward P/E ratio of 26.53, suggesting moderate growth expectations. The companys return on equity stands at 7.83%, indicating a relatively stable profitability profile. By combining these fundamental insights with the technical analysis, a forecast for WCN could be that the stock may experience a gradual appreciation in value, driven by the companys solid industry position, diversified services, and improving profitability. A potential price target could be in the range of $290-$300, representing a 7-11% increase from current levels, contingent upon continued industry growth and stable macroeconomic conditions.