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

Shares of Waste Connections, Inc. (TSE:WCN) have received an average rating of “Strong Buy” from the ten analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and nine have given a strong buy recommendation to the company.

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group raised shares of Waste Connections to a “strong-buy” rating in a research report on Monday, November 24th. BNP Paribas Exane raised Waste Connections to a “strong-buy” rating in a research report on Tuesday, January 6th. Wells Fargo & Company upgraded Waste Connections to a “strong-buy” rating in a report on Thursday, November 13th. Sanford C. Bernstein raised shares of Waste Connections to a “strong-buy” rating in a research note on Wednesday, November 12th. Finally, Scotiabank raised shares of Waste Connections from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th.

Waste Connections Stock Down 0.3%

Shares of TSE:WCN opened at C$229.55 on Thursday. The firm has a market capitalization of C$58.77 billion, a PE ratio of 95.65, a price-to-earnings-growth ratio of 2.22 and a beta of 0.31. The business has a 50 day simple moving average of C$238.68 and a two-hundred day simple moving average of C$243.97. Waste Connections has a 1 year low of C$225.18 and a 1 year high of C$284.73. 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 announced its quarterly earnings data on Tuesday, October 21st. The company reported C$1.11 EPS for the quarter. The company had revenue of C$3.42 billion for the quarter. Waste Connections had a return on equity of 11.86% and a net margin of 10.81%. On average, equities analysts predict 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.