Waste Connections, Inc. (TSE:WCN) Given Average Recommendation of “Strong Buy” by Brokerages

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

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group raised shares of Waste Connections to a “strong-buy” rating in a research report on Monday, November 24th. Sanford C. Bernstein raised Waste Connections to a “strong-buy” rating in a report on Wednesday, November 12th. BNP Paribas Exane upgraded Waste Connections to a “strong-buy” rating in a research note on Tuesday, January 6th. Finally, Wells Fargo & Company upgraded Waste Connections to a “strong-buy” rating in a research report on Thursday, November 13th.

Waste Connections Stock Performance

Shares of WCN opened at C$223.74 on Monday. The firm has a market cap of C$57.20 billion, a price-to-earnings ratio of 53.65, a PEG ratio of 2.22 and a beta of 0.33. The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 102.69. The business’s 50 day moving average is C$233.30 and its two-hundred day moving average is C$240.68. Waste Connections has a 52-week low of C$211.93 and a 52-week high of C$284.73.

Waste Connections (TSE:WCN) last issued its quarterly earnings results on Wednesday, February 11th. The company reported C$1.77 earnings per share (EPS) for the quarter. The business had revenue of C$3.26 billion during the quarter. Waste Connections had a net margin of 10.81% and a return on equity of 11.86%. Analysts forecast that Waste Connections 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.