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

Key Points

• MarketBeat reports a consensus analyst rating of Strong Buy for Waste Connections from 10 research firms (nine strong-buy, one hold), with recent upgrades from Goldman Sachs, Wells Fargo and BNP Paribas Exane.
• The stock trades around C$227.51 with a market cap of C$58.16 billion, a P/E of 54.56 and a debt-to-equity ratio of 110.74; the company posted C$1.77 EPS and C$3.12 billion in revenue for the most recent quarter, while analysts forecast roughly 9.98 EPS for the current fiscal year.
• Waste Connections is the third-largest integrated solid waste and recycling provider in North America, operating 91 landfills, 132 transfer stations and 68 recycling operations, with about 13% of revenue coming from its Canadian segment.

Waste Connections, Inc. (TSE:WCN - Get Free Report) has earned a consensus rating of "Strong Buy" from the ten research firms that are presently 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 equities research analysts have recently commented on the company. The Goldman Sachs Group raised Waste Connections to a "strong-buy" rating in a report on Monday, November 24th. Wells Fargo & Company raised shares of Waste Connections to a "strong-buy" rating in a research report on Thursday, November 13th. Finally, BNP Paribas Exane upgraded shares of Waste Connections to a "strong-buy" rating in a research note on Tuesday, January 6th.

Waste Connections Price Performance

TSE:WCN opened at C$227.51 on Friday. Waste Connections has a 52-week low of C$211.93 and a 52-week high of C$284.73. The company has a market cap of C$58.16 billion, a P/E ratio of 54.56, a P/E/G ratio of 2.22 and a beta of 0.45. The company has a debt-to-equity ratio of 110.74, a quick ratio of 0.74 and a current ratio of 0.62. The stock's 50-day simple moving average is C$229.84 and its 200 day simple moving average is C$238.03.

Waste Connections (TSE:WCN - Get Free Report) last issued its quarterly earnings results on Thursday, February 12th. The company reported C$1.77 EPS for the quarter. The firm had revenue of C$3.12 billion during the quarter. Waste Connections had a return on equity of 13.17% and a net margin of 11.37%. As a group, sell-side 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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