Waste Connections (TSE:WCN) Upgraded at BNP Paribas

BNP Paribas upgraded shares of Waste Connections (TSE:WCN) to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.

WCN has been the subject of several other reports. Wells Fargo & Company upgraded shares of Waste Connections to a “strong-buy” rating in a research note on Thursday, November 13th. Barclays upgraded Waste Connections to a “hold” rating in a research report on Friday, September 19th. The Goldman Sachs Group raised Waste Connections to a “strong-buy” rating in a research report on Monday, November 24th. Scotiabank raised Waste Connections from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Finally, Sanford C. Bernstein raised Waste Connections to a “strong-buy” rating in a report on Wednesday, November 12th. Ten investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Waste Connections Stock Down 0.1%

Shares of TSE WCN opened at C$233.25 on Tuesday. Waste Connections has a 52-week low of C$229.10 and a 52-week high of C$284.73. The business’s 50 day moving average is C$240.13 and its two-hundred day moving average is C$245.97. The firm has a market cap of C$59.72 billion, a price-to-earnings ratio of 97.19, a PEG ratio of 2.22 and a beta of 0.31. The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 102.69.

Waste Connections (TSE:WCN) last issued its quarterly earnings data on Tuesday, October 21st. The company reported C$1.11 earnings per share for the quarter. Waste Connections had a return on equity of 11.86% and a net margin of 10.81%.The business had revenue of C$3.42 billion during the quarter. Research analysts predict 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.