Waste Connections, Inc. (TSE:WCN) Receives Average Recommendation of “Strong Buy” from Analysts

Waste Connections, Inc. (TSE:WCN) has been given an average recommendation of “Strong Buy” by the seven research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have assigned a strong buy rating to the company.

Several analysts have weighed in on the company. Atb Cap Markets raised Waste Connections from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. Barclays upgraded shares of Waste Connections to a “hold” rating in a research note on Friday, September 19th. Finally, Scotiabank raised shares of Waste Connections from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th.

Waste Connections Price Performance

TSE WCN opened at C$236.50 on Friday. Waste Connections has a 52 week low of C$229.10 and a 52 week high of C$284.73. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 102.69. The stock has a market cap of C$60.55 billion, a price-to-earnings ratio of 98.54, a price-to-earnings-growth ratio of 2.22 and a beta of 0.45. The company has a 50-day moving average price of C$241.11 and a two-hundred day moving average price of C$252.82.

Waste Connections (TSE:WCN) last released its quarterly earnings results on Tuesday, October 21st. The company reported C$1.11 earnings per share for the quarter. The company had revenue of C$3.42 billion for the quarter. Waste Connections had a return on equity of 11.86% and a net margin of 10.81%. Analysts forecast that Waste Connections will post 9.9808652 EPS for the current 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.