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

Waste Connections, Inc. (TSE:WCN) has received an average recommendation of “Strong Buy” from the eleven brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and ten have issued a strong buy rating on the company.

WCN has been the topic of a number of research reports. The Goldman Sachs Group raised shares of Waste Connections to a “strong-buy” rating in a report on Monday, November 24th. Wolfe Research raised shares of Waste Connections to a “strong-buy” rating in a report on Friday, March 13th. Finally, BNP Paribas Exane upgraded shares of Waste Connections to a “strong-buy” rating in a research report on Tuesday, January 6th.

Waste Connections Trading Up 0.6%

Shares of TSE:WCN opened at C$226.30 on Friday. The stock has a market capitalization of C$57.85 billion, a price-to-earnings ratio of 54.27, a PEG ratio of 2.22 and a beta of 0.45. The company has a debt-to-equity ratio of 110.74, a quick ratio of 0.74 and a current ratio of 0.62. The stock’s 50-day simple moving average is C$228.87 and its two-hundred day simple moving average is C$237.15. 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 released its quarterly earnings results on Thursday, February 12th. The company reported C$1.77 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$3.12 billion during the quarter. Analysts expect that Waste Connections will post 9.9808652 EPS for the current 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.