Waste Connections (TSE:WCN) Trading Up 7.2% – Should You Buy?

Waste Connections, Inc. (TSE:WCN)’s stock price shot up 7.2% on Thursday . The company traded as high as C$229.25 and last traded at C$229.18. 166,410 shares changed hands during trading, a decline of 52% from the average session volume of 345,168 shares. The stock had previously closed at C$213.71.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WCN. BNP Paribas Exane raised Waste Connections to a “strong-buy” rating in a research report on Tuesday, January 6th. Wolfe Research raised Waste Connections to a “strong-buy” rating in a research report on Friday, March 13th. Nine investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Strong Buy”.

Waste Connections Price Performance

The business’s 50 day moving average price is C$224.90 and its 200 day moving average price is C$233.51. The stock has a market capitalization of C$58.75 billion, a P/E ratio of 55.28, a price-to-earnings-growth ratio of 2.22 and a beta of 0.48. The company has a debt-to-equity ratio of 110.74, a current ratio of 0.62 and a quick ratio of 0.74.

Waste Connections (TSE:WCN) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported C$1.71 EPS for the quarter. Waste Connections had a net margin of 11.37% and a return on equity of 13.17%. The firm had revenue of C$3.30 billion during the quarter. Sell-side analysts forecast that Waste Connections, Inc. 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.