This is an updated version of WCN report released on 24th June 2024 as on 7.53 am EDT

Section1: Company Overview

Waste Connections (TSX: WCN) is the third- largest integrated provider of traditional solid waste and recycling services in North America, operating 91 active landfills (12 are E&P waste landfills), 132 transfer stations, and 68 recycling operations. The firm serves residential, commercial, industrial, and energy end markets. This Report covers the Investment Highlights, Key Financial Metrics, Risks, Valuation, Target Price, and Recommendation on the stock.

1.1 The Key Investment Highlights, and Risks

Section2:  Financial Highlights

 2.1 Key Financial Highlights

Section 3:  Stock Recommendation Summary

3.1 Valuation Methodology

3.2 Price Performance and Stock Recommendation

The stock has witnessed an upside of ~6.00% in 1 month and ~3.57% over the last 3 months. The stock has a 52-week high and 52-week low of CAD 240.76   and CAD 174.74 respectively and is currently trading slightly above the average of 52-week high-low average providing an opportunity to exit, as the prices are approaching the resistance level.  

3.3 One-Year Technical Price Chart

One-Year Technical Price Chart (as of June 21, 2024). Source: REFINITIV, Analysis: Kalkine Group

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, and currency as of June 21, 2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

 Note 4: Dividend Yield may vary as per the stock price movement.