Waste Connections (TSE:WCN) Rating Increased to Strong-Buy at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Waste Connections (TSE:WCN) to a strong-buy rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. Scotiabank raised Waste Connections from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Barclays upgraded shares of Waste Connections to a “hold” rating in a research note on Friday, September 19th. Finally, Atb Cap Markets upgraded shares of Waste Connections from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 24th. Seven equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Waste Connections Stock Performance

Shares of Waste Connections stock traded up C$2.83 during trading on Wednesday, reaching C$237.73. The company’s stock had a trading volume of 326,669 shares, compared to its average volume of 307,983. The company has a debt-to-equity ratio of 102.69, a quick ratio of 0.74 and a current ratio of 0.77. The business’s fifty day moving average price is C$240.80 and its 200-day moving average price is C$252.70. The firm has a market cap of C$60.86 billion, a price-to-earnings ratio of 99.05, a price-to-earnings-growth ratio of 2.22 and a beta of 0.45. Waste Connections has a one year low of C$229.10 and a one year high of C$284.73.

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

About Waste Connections

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.