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

Waste Connections, Inc. (TSE:WCN) has been given an average recommendation of “Strong Buy” by the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and nine have given a strong buy rating to the company.

WCN has been the topic of several recent analyst reports. Wolfe Research upgraded shares of Waste Connections to a “strong-buy” rating in a report on Friday, March 13th. BNP Paribas Exane upgraded shares of Waste Connections to a “strong-buy” rating in a report on Tuesday, January 6th.

Waste Connections Stock Performance

WCN opened at C$219.00 on Friday. Waste Connections has a 52-week low of C$211.93 and a 52-week high of C$276.12. The company has a quick ratio of 0.74, a current ratio of 0.69 and a debt-to-equity ratio of 117.10. The company has a market cap of C$55.64 billion, a P/E ratio of 53.41, a price-to-earnings-growth ratio of 2.22 and a beta of 0.48. The firm’s 50-day moving average price is C$225.46 and its 200-day moving average price is C$232.88.

Waste Connections (TSE:WCN) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported C$1.71 earnings per share (EPS) for the quarter. Waste Connections had a net margin of 10.98% and a return on equity of 12.83%. The firm had revenue of C$3.30 billion for the quarter. As a group, equities 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.