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

Key Points

• Analysts: Waste Connections (TSE:WCN) has an average rating of Strong Buy from 10 covering firms — nine have strong-buy ratings and one is a hold.
• Recent results: the company reported C$1.77 EPS and C$3.12 billion in quarterly revenue, with an 11.37% net margin and 13.17% ROE; analysts project about C$9.98 EPS for the current fiscal year.
• Market and balance-sheet snapshot: WCN opened at C$230.42 with a market cap of C$58.90 billion and a PE of 55.26 (52-week range C$211.93–C$276.72), while carrying a high debt-to-equity ratio of 110.74 and a current ratio of 0.62.

Waste Connections, Inc. (TSE:WCN - Get Free Report) has been assigned an average rating of "Strong Buy" from the ten research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and nine have assigned a strong buy recommendation to the company.

WCN has been the subject of several analyst reports. Wolfe Research upgraded shares of Waste Connections to a "strong-buy" rating in a research report on Friday, March 13th. BNP Paribas Exane upgraded shares of Waste Connections to a "strong-buy" rating in a research report on Tuesday, January 6th.

Waste Connections Trading Down 0.3%

WCN stock opened at C$230.42 on Tuesday. The company has a market capitalization of C$58.90 billion, a PE ratio of 55.26, a price-to-earnings-growth ratio of 2.22 and a beta of 0.48. Waste Connections has a one year low of C$211.93 and a one year high of C$276.72. The company's 50 day moving average price is C$227.10 and its two-hundred day moving average price is C$235.16. The company has a debt-to-equity ratio of 110.74, a quick ratio of 0.74 and a current ratio of 0.62.

Waste Connections (TSE:WCN - Get Free Report) last posted 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 for the quarter. Waste Connections had a net margin of 11.37% and a return on equity of 13.17%. As a group, analysts predict that Waste Connections will post 9.9808652 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.