Waste Connections (TSE:WCN) Upgraded by BNP Paribas to “Strong-Buy” Rating

Waste Connections (TSE:WCN) was upgraded by equities research analysts at BNP Paribas to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

A number of other analysts have also recently commented on WCN. Wells Fargo & Company raised shares of Waste Connections to a “strong-buy” rating in a research note on Thursday, November 13th. Barclays upgraded Waste Connections to a “hold” rating in a report on Friday, September 19th. The Goldman Sachs Group upgraded Waste Connections to a “strong-buy” rating in a research note on Monday, November 24th. Scotiabank raised Waste Connections from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Finally, Sanford C. Bernstein upgraded Waste Connections to a “strong-buy” rating in a research report on Wednesday, November 12th. Ten analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Strong Buy”.

Waste Connections Trading Down 3.0%

Shares of TSE:WCN opened at C$233.47 on Tuesday. The business’s 50 day moving average price is C$240.25 and its 200-day moving average price is C$246.06. Waste Connections has a 1 year low of C$229.10 and a 1 year high of C$284.73. The firm has a market capitalization of C$59.77 billion, a price-to-earnings ratio of 97.28, a price-to-earnings-growth ratio of 2.22 and a beta of 0.31. The company has a debt-to-equity ratio of 102.69, a current ratio of 0.77 and a quick ratio of 0.74.

Waste Connections (TSE:WCN) last issued its quarterly earnings results on Tuesday, October 21st. The company reported C$1.11 EPS for the quarter. The company had revenue of C$3.42 billion during the quarter. Waste Connections had a net margin of 10.81% and a return on equity of 11.86%. On average, equities research analysts forecast that Waste Connections will post 9.9808652 earnings per share 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.