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

Waste Connections, Inc. (TSE:WCN) has been assigned a consensus rating of “Strong Buy” from the eleven ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and ten have assigned a strong buy recommendation to the company.

WCN has been the subject of a number of analyst reports. The Goldman Sachs Group upgraded shares of Waste Connections to a “strong-buy” rating in a report on Monday, November 24th. BNP Paribas Exane raised Waste Connections to a “strong-buy” rating in a research report on Tuesday, January 6th. Finally, Wolfe Research upgraded Waste Connections to a “strong-buy” rating in a report on Friday.

Waste Connections Trading Up 0.5%

Shares of WCN opened at C$228.56 on Friday. The stock has a market capitalization of C$58.43 billion, a P/E ratio of 54.81, a PEG ratio of 2.22 and a beta of 0.45. The company has a quick ratio of 0.74, a current ratio of 0.62 and a debt-to-equity ratio of 110.74. The firm has a fifty day simple moving average of C$229.63 and a two-hundred day simple moving average of C$237.66. Waste Connections has a twelve month low of C$211.93 and a twelve month high of C$284.73.

Waste Connections (TSE:WCN) last announced its quarterly earnings results on Thursday, February 12th. The company reported C$1.77 earnings per share (EPS) for the quarter. The business had revenue of C$3.12 billion for the quarter. Waste Connections had a net margin of 11.37% and a return on equity of 13.17%. On average, research analysts anticipate that Waste Connections will post 9.9808652 EPS 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. 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.