Waste Connections, Inc. (TSE:WCN) Receives Consensus Rating of “Strong Buy” from Brokerages

Waste Connections, Inc. (TSE:WCN) has been assigned a consensus rating of “Strong Buy” from the ten brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and nine have given a strong buy rating to the company.

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

Waste Connections Price Performance

Shares of TSE:WCN opened at C$235.00 on Thursday. The firm has a 50 day moving average of C$239.21 and a 200-day moving average of C$244.21. Waste Connections has a 12 month low of C$225.18 and a 12 month high of C$284.73. 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 stock has a market capitalization of C$60.17 billion, a PE ratio of 97.92, a PEG ratio of 2.22 and a beta of 0.31.

Waste Connections (TSE:WCN) last announced its quarterly earnings data 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 for the quarter. On average, equities research analysts predict that Waste Connections will post 9.9808652 EPS 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.