Waste Connections (TSE:WCN) Raised to Strong-Buy at Wells Fargo & Company

Waste Connections (TSE:WCN) was upgraded by investment analysts at Wells Fargo & Company to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

WCN has been the topic of a number of other research reports. Sanford C. Bernstein upgraded Waste Connections to a “strong-buy” rating in a research report on Wednesday. Atb Cap Markets raised Waste Connections from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Scotiabank raised Waste Connections from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Finally, Barclays upgraded shares of Waste Connections to a “hold” rating in a research report on Friday, September 19th. Eight equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Waste Connections Price Performance

WCN traded up C$1.99 on Thursday, reaching C$236.89. The company had a trading volume of 526,628 shares, compared to its average volume of 308,942. Waste Connections has a 52-week low of C$229.10 and a 52-week high of C$284.73. The company has a market cap of C$60.65 billion, a price-to-earnings ratio of 98.70, a P/E/G ratio of 2.22 and a beta of 0.45. The company has a debt-to-equity ratio of 102.69, a quick ratio of 0.74 and a current ratio of 0.77. The business has a 50 day simple moving average of C$240.57 and a 200 day simple moving average of C$252.48.

Waste Connections (TSE:WCN) last released its quarterly earnings results on Tuesday, October 21st. The company reported C$1.11 EPS for the quarter. The business had revenue of C$3.42 billion during the quarter. Waste Connections had a net margin of 10.81% and a return on equity of 11.86%. As a group, sell-side 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.