Waste Connections (WCN) Stock Forecast & Price Target

$174.28 +0.15 (+0.09%)

(As of 12/20/2024 05:40 PM ET)

Waste Connections - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 18 Analyst Ratings

Sell
0

Hold
5

Buy
13

Based on 18 Wall Street analysts who have issued ratings for Waste Connections in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 18 analysts, 5 have given a hold rating, 12 have given a buy rating, and 1 has given a strong buy rating for WCN.

Consensus Price Target

$199.69
14.58% Upside

According to the 18 analysts' twelve-month price targets for Waste Connections, the average price target is $199.69. The highest price target for WCN is $217.00, while the lowest price target for WCN is $181.00. The average price target represents a forecasted upside of 14.58% from the current price of $174.28.

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WCN Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	12 Buy rating(s)	11 Buy rating(s)	12 Buy rating(s)	12 Buy rating(s)
Hold	5 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$199.69	$195.56	$187.28	$160.63
Forecasted Upside	14.58% Upside	3.47% Upside	4.54% Upside	9.01% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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WCN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

WCN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Waste Connections Stock vs. The Competition

Type	Waste Connections	Business Services Companies	S&P 500
Consensus Rating Score	2.78	2.69	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	14.58% Upside	169.91% Upside	14.52% Upside
News Sentiment Rating	Neutral News See Recent WCN News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/19/2024	CIBC 3 of 5 stars		Lower Target	Outperform	$215.00 ➝ $212.00	+21.09%
12/13/2024	Oppenheimer 3 of 5 stars		Boost Target	Outperform ➝ Outperform	$192.00 ➝ $195.00	+5.84%
12/12/2024	Morgan Stanley 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$206.00 ➝ $214.00	+15.96%
12/11/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$205.00 ➝ $212.00	+13.71%
10/25/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Strong-Buy ➝ Strong-Buy	$208.00 ➝ $205.00	+16.25%
10/25/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$199.00 ➝ $201.00	+13.35%
Get the Latest News and Ratings for WCN and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Waste Connections and its competitors with MarketBeat's FREE daily newsletter.
10/25/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$198.00 ➝ $197.00	+11.22%
10/25/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$198.00 ➝ $196.00	+9.74%
10/9/2024	Eight Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Somerville Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
10/4/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Gupta Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Sector Perform ➝ Sector Perform	$196.00	+10.04%
10/3/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$190.00 ➝ $195.00	+9.31%
7/26/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$185.00 ➝ $200.00	+13.77%
7/11/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$180.00 ➝ $200.00	+11.10%
5/23/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$189.00	+14.16%
3/18/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$195.00 ➝ $217.00	+26.08%
2/29/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$170.00 ➝ $181.00	+8.27%
2/15/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$170.00 ➝ $185.00	+12.45%
2/14/2024	Atb Cap Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Murray Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Sector Perform
11/21/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Peer Perform
10/2/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$159.00 ➝ $164.00	+24.31%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 09:55 AM ET.

Should I Buy Waste Connections Stock? WCN Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, December 13, 2024. Please send any questions or comments about these Waste Connections pros and cons to contact@marketbeat.com.

Waste Connections
Bull Case

Here are some ways that investors could benefit from investing in Waste Connections, Inc.:

Recent earnings report showed a strong performance with earnings per share (EPS) of $1.35, exceeding analysts' expectations of $1.30, indicating robust financial health.
The company has consistently increased its quarterly dividend, recently raising it to $0.315, which reflects a commitment to returning value to shareholders.
With a current stock price of $184.88, Waste Connections, Inc. is trading below several analysts' target prices, suggesting potential for price appreciation.
Analysts have a consensus rating of "Moderate Buy" with an average target price of $198.87, indicating positive sentiment and potential upside in the stock.
The company reported a year-over-year revenue increase of 13.3%, demonstrating strong growth in its business operations.

Waste Connections
Bear Case

Investors should be bearish about investing in Waste Connections, Inc. for these reasons:

The stock has a high price-to-earnings (P/E) ratio of 51.22, which may indicate that it is overvalued compared to its earnings, posing a risk for new investors.
Despite recent growth, the company has a debt-to-equity ratio of 0.99, suggesting a reliance on debt financing which could be a concern in a rising interest rate environment.
Market volatility could impact the stock price, as evidenced by fluctuations in trading volume and price movements, which may deter risk-averse investors.
Analysts have mixed ratings, with five holding a "hold" rating, indicating some uncertainty about the stock's future performance.
The current yield of 0.68% from the dividend may not be attractive enough for income-focused investors compared to other investment opportunities.

WCN Forecast - Frequently Asked Questions

: According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Waste Connections is $199.69, with a high forecast of $217.00 and a low forecast of $181.00.
: 18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Waste Connections in the last twelve months. There are currently 5 hold ratings, 12 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" WCN shares.
: According to analysts, Waste Connections's stock has a predicted upside of 14.58% based on their 12-month stock forecasts.
: Over the previous 90 days, Waste Connections's stock had 1 upgrade by analysts.
: Waste Connections has been rated by research analysts at BMO Capital Markets, CIBC, Citigroup, Eight Capital, JPMorgan Chase & Co., Morgan Stanley, Oppenheimer, Raymond James, Royal Bank of Canada, Scotiabank, and Stifel Nicolaus in the past 90 days.
: Analysts like Waste Connections more than other "business services" companies. The consensus rating score for Waste Connections is 2.78 while the average consensus rating score for "business services" companies is 2.69. Learn more on how WCN compares to other companies.

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This page (NYSE:WCN) was last updated on 12/21/2024 by MarketBeat.com Staff

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Waste Connections (WCN) Stock Forecast & Price Target