Waste Connections (TSE:WCN) Raised to “Strong-Buy” at Wolfe Research

Waste Connections (TSE:WCN) was upgraded by stock analysts at Wolfe Research to a “strong-buy” rating in a research report issued on Friday,Zacks.com reports.

A number of other equities research analysts also recently commented on the stock. The Goldman Sachs Group upgraded shares of Waste Connections to a “strong-buy” rating in a report on Monday, November 24th. Wells Fargo & Company raised shares of Waste Connections to a “strong-buy” rating in a research note on Thursday, November 13th. Finally, BNP Paribas Exane raised shares of Waste Connections to a “strong-buy” rating in a research note on Tuesday, January 6th. Ten investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Strong Buy”.

Waste Connections Stock Up 0.5%

WCN opened at C$228.56 on Friday. The firm has a market cap of C$58.43 billion, a P/E ratio of 54.81, a PEG ratio of 2.22 and a beta of 0.45. The business’s fifty day simple moving average is C$229.63 and its 200 day simple moving average is C$237.87. Waste Connections has a 52 week low of C$211.93 and a 52 week high of C$284.73. The company has a quick ratio of 0.74, a current ratio of 0.62 and a debt-to-equity ratio of 110.74.

Waste Connections (TSE:WCN) last announced its earnings results on Thursday, February 12th. The company reported C$1.77 earnings per share for the quarter. The firm had revenue of C$3.12 billion during the quarter. Waste Connections had a net margin of 11.37% and a return on equity of 13.17%. As a group, equities research analysts anticipate 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.