Waste Connections (TSE:WCN) Raised to “Strong-Buy” at Wolfe Research

Waste Connections (TSE:WCN) was upgraded by investment analysts at Wolfe Research to a “strong-buy” rating in a report issued on Friday,Zacks.com reports.

Several other research analysts also recently issued reports on the company. The Goldman Sachs Group raised Waste Connections to a “strong-buy” rating in a research note on Monday, November 24th. Wells Fargo & Company raised shares of Waste Connections to a “strong-buy” rating in a research note on Thursday, November 13th. Finally, BNP Paribas Exane upgraded shares of Waste Connections to a “strong-buy” rating in a report on Tuesday, January 6th. Ten equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Waste Connections has an average rating of “Strong Buy”.

Waste Connections Price Performance

Shares of TSE:WCN opened at C$228.56 on Friday. The firm has a market capitalization of C$58.43 billion, a price-to-earnings ratio of 54.81, a price-to-earnings-growth ratio of 2.22 and a beta of 0.45. The company has a debt-to-equity ratio of 110.74, a current ratio of 0.62 and a quick ratio of 0.74. The business’s 50 day simple moving average is C$229.63 and its 200-day simple moving average is C$237.76. Waste Connections has a 12 month low of C$211.93 and a 12 month high of C$284.73.

Waste Connections (TSE:WCN) last released its quarterly earnings data on Thursday, February 12th. The company reported C$1.77 earnings per share for the quarter. The firm had revenue of C$3.12 billion during the quarter. Waste Connections had a return on equity of 13.17% and a net margin of 11.37%. As a group, equities analysts forecast that Waste Connections will post 9.9808652 earnings per share for the current fiscal 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.