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

Shares of Waste Connections, Inc. (TSE:WCNGet Free Report) have been given an average rating of “Strong Buy” by the nine analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and eight have issued a strong buy recommendation on the company.

Separately, Wolfe Research raised shares of Waste Connections to a “strong-buy” rating in a research note on Friday, March 13th.

Get Our Latest Stock Analysis on WCN

Insider Buying and Selling

In other Waste Connections news, Director Ronald J. Mittelstaedt acquired 50,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was acquired at an average cost of C$209.38 per share, with a total value of C$10,469,000.00. Following the purchase, the director directly owned 301,017 shares in the company, valued at approximately C$63,026,939.46. This trade represents a 19.92% increase in their position. Also, insider Robert Andres Nielsen sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of C$213.96, for a total transaction of C$106,980.00. Following the transaction, the insider directly owned 4,250 shares of the company’s stock, valued at approximately C$909,330. This trade represents a 10.53% decrease in their ownership of the stock. Over the last three months, insiders have sold 1,127 shares of company stock valued at $238,128. Corporate insiders own 0.21% of the company’s stock.

Waste Connections Price Performance

WCN stock opened at C$212.39 on Wednesday. The firm has a 50 day moving average of C$219.88 and a 200-day moving average of C$229.54. Waste Connections has a 12-month low of C$204.23 and a 12-month high of C$273.55. The company has a current ratio of 0.69, a quick ratio of 0.74 and a debt-to-equity ratio of 117.10. The company has a market cap of C$53.96 billion, a price-to-earnings ratio of 51.80, a PEG ratio of 2.22 and a beta of 0.50.

Waste Connections (TSE:WCNGet Free Report) last posted 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 10.98% and a return on equity of 12.83%. The company had revenue of C$3.30 billion during the quarter. As a group, equities analysts expect that Waste Connections will post 9.9808652 EPS for the current fiscal year.

Waste Connections Company Profile

(Get Free Report)

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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Analyst Recommendations for Waste Connections (TSE:WCN)

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