Waste Connections, Inc. (TSE:WCN) Given Average Recommendation of “Strong Buy” by Brokerages
by Jessica Moore · The Cerbat GemShares of Waste Connections, Inc. (TSE:WCN – Get Free Report) have earned a consensus recommendation of “Strong Buy” from the ten brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and nine have issued a strong buy rating on the company.
WCN has been the subject of several recent analyst reports. Wolfe Research raised Waste Connections to a “strong-buy” rating in a research note on Friday, March 13th. BNP Paribas Exane upgraded Waste Connections to a “strong-buy” rating in a report on Tuesday, January 6th.
Waste Connections Stock Performance
TSE WCN opened at C$226.25 on Tuesday. The company has a market cap of C$57.66 billion, a PE ratio of 54.26, a price-to-earnings-growth ratio of 2.22 and a beta of 0.48. The stock’s 50 day simple moving average is C$226.99 and its 200-day simple moving average is C$234.95. Waste Connections has a 1-year low of C$211.93 and a 1-year high of C$276.72. The company has a debt-to-equity ratio of 110.74, a current ratio of 0.62 and a quick ratio of 0.74.
Waste Connections (TSE:WCN – Get Free Report) last released its earnings results on Thursday, February 12th. The company reported C$1.77 earnings per share for the quarter. Waste Connections had a return on equity of 13.17% and a net margin of 11.37%.The business had revenue of C$3.12 billion for the quarter. As a group, equities research analysts anticipate that Waste Connections will post 9.9808652 EPS for the current fiscal 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.