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 firm, MarketBeat reports. One analyst has rated the stock with a hold rating and nine have issued a strong buy rating on the company.

WCN has been the subject of a number of recent research reports. Wells Fargo & Company upgraded Waste Connections to a “strong-buy” rating in a report on Thursday, November 13th. The Goldman Sachs Group upgraded shares of Waste Connections to a “strong-buy” rating in a research report on Monday, November 24th. BNP Paribas Exane upgraded shares of Waste Connections to a “strong-buy” rating in a report on Tuesday, January 6th. Finally, Sanford C. Bernstein raised shares of Waste Connections to a “strong-buy” rating in a research note on Wednesday, November 12th.

Waste Connections Stock Up 1.7%

Shares of WCN stock opened at C$218.26 on Monday. Waste Connections has a 12 month low of C$211.93 and a 12 month high of C$284.73. The stock has a market cap of C$55.79 billion, a P/E ratio of 52.34, a P/E/G ratio of 2.22 and a beta of 0.33. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 102.69. The company has a 50 day simple moving average of C$234.54 and a two-hundred day simple moving average of C$241.68.

Waste Connections (TSE:WCN) last released its earnings results on Wednesday, February 11th. The company reported C$1.77 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 company had revenue of C$3.26 billion during the quarter. On average, research analysts expect 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. 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.