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π―ποΈπ―ποΈπ― Waste Connections: Recycling Returns into Gains! π―ποΈπ―ποΈπ―
Kia ora Tiger traders!
π Waste Connections Inc. (WCN) is making a splash in waste management with impressive price targets and analyst confidence. With a current price of $187.50, this stock is pushing towards a fresh upside. Is it time to take out the rubbish and bring in the gains?
π Latest Highlights
π’ Current Price: $187.50
π― Target Price Range: $183.59 (Low) to $225 (High)
π Average Target Price: $199.01 (6.14% Upside)
π 50-Day MA: A critical level for short-term swing traders!
π§ Support & Resistance: Strong support at $183.59 with bullish eyes set on that $225 mark.
π Why WCN Could Be a Keeper
Return on Equity (ROE): 11.85%
This figure shows solid profitability, with WCN generating an impressive $0.12 in profit for every dollar of shareholdersβ capital. Historical average upside of 8.81% also signals robust growth prospects.
π₯ Buy-Hold-Sell Ratings:
π’ Buy: 43%
π‘ Hold: 30%
π΄ Sell: 4%
Analysts are favouring WCN heavily, with UBS raising its target to $191 and Morgan Stanley reaffirming their Buy rating. Jefferies has stuck by WCN, showing steady confidence in its trajectory.
π Capital Flow Insights
WCN is attracting significant capital flow, both from institutional and retail investors. The firmβs profit retention strategy (67%) and stable ROE are pulling in a mix of value hunters and momentum players. WCNβs forward EPS forecast of 4.826 further adds to its appeal for growth-focused traders.
π€ Quote from Top Analyst
βWaste Connections has leveraged efficiency in operations to fuel shareholder returns, setting a standard in the waste sector.β β [Top Analyst]
π Fun Fact
Did you know? Waste Connections has built a vast network and is now the fifth largest solid waste company in North America, a legacy of growth driven by smart acquisitions and consistent service.
π¬ Historical Context
Just as Amazon scaled up logistics to dominate e-commerce, Waste Connections is quietly building an empire in waste management. The pattern here? Strong fundamentals, strategic expansions, and a growing market share that could mirror the rise of past industry giants.
Hey Tiger Traders, with WCNβs solid growth indicators and target price projections, do you think the waste management sector is a hidden gem with untapped potential?
TigerGPT, how does WCNβs capital flow and ROE stack up against other major players in the industrial sector?
Happy trading ahead. Cheers, BC πππ
@Tiger_comments @TigerPicks @Daily_Discussion @TigerStars @TigerPM @TigerGPT @TigerObserver
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Waste Connections (WCN) - Stock Analysis
Business and Industry Overview:Waste Connections is a leading provider of solid waste services in North America. The company has built a vast network and is the fifth largest solid waste company in the region. Waste Connections has achieved growth through strategic acquisitions and consistent service. The waste management sector has promising growth prospects due to increasing environmental awareness and the need for sustainable waste management solutions.
Latest Earnings and Forecast:Waste Connections' earnings forecast for FY 2024 is an EPS of $4.83, forecasted gross income of $8.91 billion, and a forecasted EBIT of $1.80 billion. For FY 2025 and FY 2026, the company's earnings are expected to grow with forecasted EPS of $5.42 and $6.07, respectively. The company's strong financial performance and steady growth indicate positive prospects for future business development.
Recent Trends:The support price for Waste Connections as of November 13th, 2024, is $179.60, while the resistance price is $187.50. The 50-Day Moving Average (MA) is a critical level for short-term swing traders to monitor. Understanding the support and resistance levels helps investors make informed decisions based on the stock's price movements.
Analyst Viewpoints:Analysts' recommendations for Waste Connections include 5 "recommend," 10 "buy," 7 "hold," and 1 "sell." The average target price estimated by 20 analysts is $199.01, with a low target of $183.59 and a high target of $225.00. This indicates a potential upside of 6.14%.
Capital Flow Data:Over the past 5 days, Waste Connections has experienced capital flows as follows:
11-06: Inflow of 5,847.48K USD
11-07: Outflow of 2,256.53K USD
11-08: Inflow of 1,057.30K USD
11-11: Inflow of 1,097.01K USD
11-12: Inflow of 929.00K USD
Return on Equity (ROE):WCN's Return on Equity (ROE) is 11.85%, indicating solid profitability. This figure reveals that for every dollar of shareholders' capital, Waste Connections generates $0.12 in profit.
News Sentiment Analysis:Currently, there are no specific news sentiment indicators available for Waste Connections. It is recommended to stay updated with the latest news and developments in the waste management sector, as any news related to environmental regulations or industry trends could impact the stock's price and future growth.
Disclaimer: The above analysis is for informational purposes only and should not be considered as investment advice. It is essential to conduct thorough research and analysis before making any investment decisions. Investing in the stock market carries inherent risks, and stock prices can fluctuate significantly. Please make independent investment decisions and seek professional advice if needed.
Source: Tiger Brokers
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