Waste Connections, Inc. (TSE:WCN) Given Average Rating of “Strong Buy” by Analysts

Shares of Waste Connections, Inc. (TSE:WCN) have been given an average rating of “Strong Buy” by the ten research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and nine have assigned a strong buy recommendation to the company.

Several brokerages have weighed in on WCN. The Goldman Sachs Group raised Waste Connections to a “strong-buy” rating in a report on Monday, November 24th. Wells Fargo & Company upgraded Waste Connections to a “strong-buy” rating in a research report on Thursday, November 13th. Barclays raised shares of Waste Connections to a “hold” rating in a research report on Friday, September 19th. Scotiabank raised shares of Waste Connections from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Finally, Sanford C. Bernstein upgraded shares of Waste Connections to a “strong-buy” rating in a research report on Wednesday, November 12th.

Waste Connections Price Performance

Waste Connections stock opened at C$244.14 on Friday. The company has a market capitalization of C$62.51 billion, a price-to-earnings ratio of 101.73, a PEG ratio of 2.22 and a beta of 0.41. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 102.69. Waste Connections has a 12 month low of C$229.10 and a 12 month high of C$284.73. The stock’s 50 day moving average is C$240.89 and its 200-day moving average is C$246.69.

Waste Connections (TSE:WCN) last released its quarterly earnings results on Tuesday, October 21st. The company reported C$1.11 earnings per share for the quarter. The company had revenue of C$3.42 billion during the quarter. Waste Connections had a net margin of 10.81% and a return on equity of 11.86%. Equities research analysts expect that Waste Connections will post 9.9808652 EPS for the current year.

Waste Connections Company Profile

Waste Connections is the third- largest integrated provider of traditional solid waste and recycling services in the 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. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2020, 13% of consolidated revenue was generated from the firm’s Canadian segment.