WCN Stock Summary and Trading Ideas (Waste Connections Common Shares | NYSE:WCN)

Waste Connections is the third-largest integrated provider of traditional solid waste and recycling services in the North America, operating 103 active landfills (9 are exploration and production waste landfills and 16 are nonmunicipal waste landfills), 157 transfer stations, and 81 recycling operations. The firm serves residential, commercial, industrial, and energy end markets. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2023, 12% of consolidated revenue was generated from the firm's Canadian segment.

Waste Connections Common Shares trades on the NYSE stock market under the symbol WCN.

As of May 13, 2024, WCN stock price climbed to $167.62 with 22,636 million shares trading.

WCN has a beta of 0.73, meaning it tends to be less sensitive to market movements. WCN has a correlation of 0.25 to the broad based SPY ETF.

WCN has a market cap of $43.24 billion. This is considered a Large Cap stock.

Last quarter Waste Connections Common Shares reported $2 billion in Revenue and $1.04 earnings per share. This beat revenue expectation by $23 million and exceeded earnings estimates by $.04.

In the last 3 years, WCN stock traded as high as $173.03 and as low as $113.50.

The top ETF exchange traded funds that WCN belongs to (by Net Assets): VTI, VO, VUG, USMV, VOT.

WCN stock has underperformed the market in the last year with a return of +16.5%, while SPY returned +27.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in WCN shares. However, WCN has outperformed the market in the last 3 month and 2 week periods, returning +7.3% and +2.7%, while SPY returned +4.3% and +2.6%, respectively. This indicates WCN has been having a stronger performance recently.

WCN support price is $165.79 and resistance is $168.97 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WCN stock will trade within this expected range on the day.