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

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

A number of brokerages recently weighed in on WCN. Scotiabank upgraded shares of Waste Connections from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. BNP Paribas Exane upgraded Waste Connections to a “strong-buy” rating in a research note on Tuesday, January 6th. Sanford C. Bernstein raised Waste Connections to a “strong-buy” rating in a report on Wednesday, November 12th. Wells Fargo & Company upgraded Waste Connections to a “strong-buy” rating in a report on Thursday, November 13th. Finally, The Goldman Sachs Group raised shares of Waste Connections to a “strong-buy” rating in a report on Monday, November 24th.

Waste Connections Price Performance

WCN opened at C$233.28 on Thursday. Waste Connections has a 1 year low of C$225.18 and a 1 year high of C$284.73. The stock has a 50-day moving average price of C$239.27 and a 200-day moving average price of C$244.34. The firm has a market cap of C$59.73 billion, a PE ratio of 97.20, a P/E/G ratio of 2.22 and a beta of 0.31. The company has a debt-to-equity ratio of 102.69, a current ratio of 0.77 and a quick ratio of 0.74.

Waste Connections (TSE:WCN) last issued its earnings results on Tuesday, October 21st. The company reported C$1.11 earnings per share (EPS) for the quarter. Waste Connections had a net margin of 10.81% and a return on equity of 11.86%. The business had revenue of C$3.42 billion during the quarter. Sell-side analysts predict that Waste Connections will post 9.9808652 earnings per share for the current fiscal 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.