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

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

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

Waste Connections Stock Down 0.9%

TSE:WCN opened at C$207.78 on Friday. The firm has a market capitalization of C$52.79 billion, a P/E ratio of 50.68, a PEG ratio of 2.22 and a beta of 0.50. Waste Connections has a 1-year low of C$207.51 and a 1-year high of C$273.56. The company’s fifty day moving average price is C$224.67 and its 200-day moving average price is C$232.14. The company has a debt-to-equity ratio of 117.10, a current ratio of 0.69 and a quick ratio of 0.74.

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