Waste Connections Inc. (NYSE: WCN) has reported earnings for its third fiscal quarter (ending September 30) of $1.19 versus $0.89 for the same period a year ago. E.P.S. were $3.64 for the latest four quarters through September 30 versus $3.23 for the same period a year ago.
Recent Price Action
Waste Connections Inc. (NYSE: WCN) stock declined slightly by -0.5% on 10/23/24. The stock closed at $180.36. Moreover, above average trading volume at 141% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -0.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, WCN is expected to continue to be an important Value Builder.
Waste Connections has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Waste Connections has a poor Appreciation Score of 24 but a good Power Rating of 81, leading to 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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