Waste Connections, Inc. (TSE:WCN) Receives Consensus Recommendation of "Buy" from Brokerages

Key Points

• Waste Connections, Inc. (TSE:WCN) has received a consensus recommendation of "Buy" from seven research firms, with five firms assigning a "strong buy" rating.
• The average 12-month target price for Waste Connections shares is C$265.00, reflecting positive sentiment among analysts.
• The company's current market capitalization is C$46.45 billion, with shares trading at C$255.55, having a 1-year low of C$237.56 and a high of C$284.73.

Waste Connections, Inc. (TSE:WCN - Get Free Report) has earned an average recommendation of "Buy" from the seven research firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$265.00.

A number of analysts have recently commented on WCN shares. Atb Cap Markets upgraded shares of Waste Connections from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 24th. Melius Research raised Waste Connections to a "strong-buy" rating in a research report on Monday, June 9th. National Bank Financial raised shares of Waste Connections to a "strong-buy" rating in a research report on Monday, May 26th. Finally, Seaport Res Ptn upgraded Waste Connections to a "strong-buy" rating in a research note on Tuesday, May 6th.

Waste Connections Trading Down 0.2%

TSE:WCN traded down C$0.57 during trading hours on Monday, hitting C$252.08. The company had a trading volume of 195,608 shares, compared to its average volume of 303,548. The company has a market capitalization of C$45.82 billion, a PE ratio of 48.72, a price-to-earnings-growth ratio of 2.22 and a beta of 0.72. The stock has a 50-day moving average price of C$254.35 and a 200 day moving average price of C$263.95. Waste Connections has a 52 week low of C$237.56 and a 52 week 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.

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.