Waste Connections, Inc. (TSE:WCN) Given Average Recommendation of "Strong Buy" by Analysts

Key Points

• Consensus rating: Ten analysts cover Waste Connections with a consensus recommendation of "Strong Buy" (nine strong-buy ratings and one hold).
• Recent results and valuation: the company reported C$1.71 EPS and C$3.30 billion in quarterly revenue with a net margin of 10.98%, while the stock trades at a market cap of C$55.64 billion and a P/E of 53.41 (52-week range C$211.93–C$276.12).
• Business scale: Waste Connections is the third-largest integrated solid waste and recycling provider in North America, operating 91 active landfills, 132 transfer stations and 68 recycling facilities, with roughly 13% of revenue from Canada.

Waste Connections, Inc. (TSE:WCN - Get Free Report) has earned a consensus recommendation of "Strong Buy" from the ten analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and nine have given a strong buy rating to the company.

Several analysts have commented on the stock. BNP Paribas Exane raised shares of Waste Connections to a "strong-buy" rating in a research report on Tuesday, January 6th. Wolfe Research upgraded shares of Waste Connections to a "strong-buy" rating in a report on Friday, March 13th.

Waste Connections Stock Performance

WCN stock opened at C$219.00 on Friday. The firm has a market cap of C$55.64 billion, a price-to-earnings ratio of 53.41, a PEG ratio of 2.22 and a beta of 0.48. The firm has a 50-day simple moving average of C$225.46 and a two-hundred day simple moving average of C$232.88. Waste Connections has a one year low of C$211.93 and a one year high of C$276.12. The company has a debt-to-equity ratio of 117.10, a quick ratio of 0.74 and a current ratio of 0.69.

Waste Connections (TSE:WCN - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The company reported C$1.71 EPS for the quarter. The business had revenue of C$3.30 billion during the quarter. Waste Connections had a net margin of 10.98% and a return on equity of 12.83%. On average, equities analysts forecast that Waste Connections will post 9.9808652 EPS 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.

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