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

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

Separately, Wolfe Research raised shares of Waste Connections to a “strong-buy” rating in a report on Friday, March 13th.

Waste Connections Trading Down 2.6%

Waste Connections stock opened at C$209.40 on Friday. Waste Connections has a 12-month low of C$209.07 and a 12-month high of C$276.12. The firm has a market capitalization of C$53.20 billion, a price-to-earnings ratio of 51.07, a P/E/G ratio of 2.22 and a beta of 0.50. The firm has a 50 day moving average of C$225.01 and a 200 day moving average of C$232.37. The company has a current ratio of 0.69, a quick ratio of 0.74 and a debt-to-equity ratio of 117.10.

Waste Connections (TSE:WCN) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported C$1.71 earnings per share for the quarter. The business had revenue of C$3.30 billion during the quarter. Waste Connections had a net margin of 10.98% and a return on equity of 12.83%. As a group, research analysts predict that Waste Connections will post 9.9808652 earnings per share 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.