Why Waste Connections, Inc. (NYSE:WCN) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $75.92 on Waste Connections, Inc. (NYSE:WCN) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.40 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Waste Connections, Inc. (NYSE:WCN) stands at N/A. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Waste Connections, Inc. Common , the PEG ratio for coming 3-5 years is 2.14. Technical Analysis The technical analysis highlights that Waste Connections, Inc. Common current price is trading $2.33 points away +3.29% from $70.93, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $64.32 and, for now, the stock price is trading $8.94 or +13.90% away from that point. The 52-week high of Waste Connections, Inc. (NYSE:WCN) was $74.23 while lowest point recorded in 52-week was $45.70. It implies if stock price makes a movement of over $-0.97, it will record a new 52-week high. In the case of $+60.31% points drop, it will touch a new 52-week low.

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