Waste Connections (TSE:WCN) Shares Up 0% – Still a Buy?

Waste Connections, Inc. (TSE:WCN)’s share price rose 0% during mid-day trading on Wednesday . The stock traded as high as C$244.00 and last traded at C$243.29. Approximately 56,321 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 309,690 shares. The stock had previously closed at C$243.26.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barclays raised shares of Waste Connections to a “hold” rating in a research report on Friday, September 19th. The Goldman Sachs Group upgraded Waste Connections to a “strong-buy” rating in a report on Monday, November 24th. Wells Fargo & Company raised Waste Connections to a “strong-buy” rating in a research report on Thursday, November 13th. Scotiabank upgraded Waste Connections from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Finally, Sanford C. Bernstein raised Waste Connections to a “strong-buy” rating in a research report on Wednesday, November 12th. Nine investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Waste Connections Trading Up 0.0%

The company has a market capitalization of C$62.29 billion, a PE ratio of 101.37, a price-to-earnings-growth ratio of 2.22 and a beta of 0.41. The company has a debt-to-equity ratio of 102.69, a current ratio of 0.77 and a quick ratio of 0.74. The company’s fifty day moving average is C$240.77 and its 200-day moving average is C$247.20.

Waste Connections (TSE:WCN) last posted its earnings results on Tuesday, October 21st. The company reported C$1.11 earnings per share for the quarter. Waste Connections had a return on equity of 11.86% and a net margin of 10.81%.The company had revenue of C$3.42 billion during the quarter. On average, analysts anticipate that Waste Connections, Inc. will post 9.9808652 EPS 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.