Waste Connections (TSE:WCN) Trading Up 7.2% - Should You Buy?

Key Points

• Waste Connections shares jumped 7.2% to C$229.18 (intraday high C$229.25), though mid-day volume of ~166,410 shares was about 52% below the average daily volume.
• Analysts are broadly bullish—nine rate the stock Strong Buy and one rates it Hold, with recent upgrades from Wolfe Research and BNP Paribas Exane.
• The company has a market cap of C$58.75 billion, a PE of 55.28 and a high debt-to-equity ratio of 110.74; last quarter EPS was C$1.71 on C$3.30 billion in revenue (net margin 11.37%).

Waste Connections, Inc. (TSE:WCN - Get Free Report)'s stock price was up 7.2% during trading on Thursday . The stock traded as high as C$229.25 and last traded at C$229.18. Approximately 166,410 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 345,168 shares. The stock had previously closed at C$213.71.

Analysts Set New Price Targets

Several equities research analysts have recently commented on WCN shares. Wolfe Research raised shares of Waste Connections to a "strong-buy" rating in a research report on Friday, March 13th. BNP Paribas Exane raised shares of Waste Connections to a "strong-buy" rating in a research report on Tuesday, January 6th. Nine analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Strong Buy".

Waste Connections Stock Performance

The company has a market capitalization of C$58.75 billion, a PE ratio of 55.28, a PEG ratio of 2.22 and a beta of 0.48. The business's 50-day moving average is C$224.90 and its 200-day moving average is C$233.51. 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 issued its quarterly earnings results on Wednesday, April 22nd. The company reported C$1.71 earnings per share (EPS) for the quarter. Waste Connections had a net margin of 11.37% and a return on equity of 13.17%. The company had revenue of C$3.30 billion during the quarter. On average, research analysts anticipate that Waste Connections, Inc. will post 9.9808652 earnings per share for the current 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.

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