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

Waste Connections, Inc. (TSE:WCN) has earned a consensus recommendation of “Strong Buy” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and nine have assigned a strong buy rating to the company.

A number of equities research analysts have recently commented on the stock. Sanford C. Bernstein upgraded shares of Waste Connections to a “strong-buy” rating in a research report on Wednesday, November 12th. Scotiabank raised shares of Waste Connections from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. The Goldman Sachs Group raised shares of Waste Connections to a “strong-buy” rating in a research note on Monday, November 24th. Barclays upgraded Waste Connections to a “hold” rating in a research report on Friday, September 19th. Finally, Wells Fargo & Company raised Waste Connections to a “strong-buy” rating in a research note on Thursday, November 13th.

Waste Connections Stock Up 0.0%

Shares of WCN opened at C$243.29 on Friday. The stock has a 50 day moving average price of C$240.86 and a 200 day moving average price of C$246.99. Waste Connections has a one year low of C$229.10 and a one year high of C$284.73. 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 stock has a market capitalization of C$62.29 billion, a price-to-earnings ratio of 101.37, a PEG ratio of 2.22 and a beta of 0.41.

Waste Connections (TSE:WCN) last announced its quarterly earnings data 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 for the quarter. Equities research 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.