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

Waste Connections, Inc. (TSE:WCN) has been assigned an average recommendation of “Strong Buy” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and nine have issued a strong buy rating on the company.

Several equities research analysts have recently weighed in on WCN shares. BNP Paribas Exane upgraded Waste Connections to a “strong-buy” rating in a report on Tuesday, January 6th. Wolfe Research raised Waste Connections to a “strong-buy” rating in a research report on Friday, March 13th.

Waste Connections Stock Performance

Shares of TSE:WCN opened at C$223.03 on Tuesday. The company has a current ratio of 0.62, a quick ratio of 0.74 and a debt-to-equity ratio of 110.74. Waste Connections has a 12 month low of C$211.93 and a 12 month high of C$276.72. The company has a market capitalization of C$56.84 billion, a price-to-earnings ratio of 53.48, a PEG ratio of 2.22 and a beta of 0.48. The firm’s 50-day moving average is C$226.76 and its 200 day moving average is C$234.67.

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