Waste Connections Inc. (NYSE: WCN) has reported E.P.S. of $0.89 for its first fiscal quarter (ending March 31) versus $0.77 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $3.08 compared to $3.32 a year ago.
Recent Price Action
Waste Connections Inc. (NYSE: WCN) stock closed at $166.18 on 4/24/24 after a slight gain of 0.01%. Moreover, unusually high trading volume at 155% of normal accompanied the advance. The stock has risen 0.9% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
WCN’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Waste Connections has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Waste Connections has a poor Appreciation Score of 20 but a good Power Rating of 79, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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