Waste Connections (WCN) Stock Forecast & Price Target

$186.52 -0.98 (-0.52%)

(As of 11/20/2024 ET)

Waste Connections - Analysts' Recommendations and Stock Price Forecast (2024)

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 17 Analyst Ratings

Sell
0

Hold
5

Buy
12

Based on 17 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 17 analysts, 5 have given a hold rating, 11 have given a buy rating, and 1 has given a strong buy rating for WCN.

Consensus Price Target

$195.56
4.85% Upside

According to the 17 analysts' twelve-month price targets for Waste Connections, the average price target is $195.56. The highest price target for WCN is $217.00, while the lowest price target for WCN is $175.00. The average price target represents a forecasted upside of 4.85% from the current price of $186.52.

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WCN Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	11 Buy rating(s)	11 Buy rating(s)	12 Buy rating(s)	11 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	$195.56	$194.19	$187.28	$159.07
Forecasted Upside	4.85% Upside	7.08% Upside	0.47% Upside	19.33% 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	2.72	2.68	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	4.85% Upside	365.92% Upside	9.81% 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
10/25/2024	Raymond James 4 of 5 stars		Lower Target	Strong-Buy ➝ Strong-Buy	$208.00 ➝ $205.00	+16.25%
10/25/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$199.00 ➝ $201.00	+13.35%
10/25/2024	Stifel Nicolaus 4 of 5 stars		Reiterated Rating	Buy ➝ Buy	$200.00 ➝ $205.00	+15.73%
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%
10/21/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$191.00 ➝ $194.00	+7.47%
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.
10/9/2024	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%
7/26/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperformer ➝ Outperformer	$191.00 ➝ $193.00	+9.77%
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
12/4/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$171.00 ➝ $175.00	+24.88%
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 Thursday at 04:00 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 Monday, November 4, 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.:

Waste Connections, Inc. has shown consistent growth in institutional investments, indicating confidence from large investors in the company's future prospects.
The recent increase in stake by American Trust and Point72 Asset Management L.P. demonstrates strong institutional support and belief in the company's performance.
With Waste Connections, Inc. providing non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada, it operates in an essential industry with steady demand.
Recent insider selling activities have not significantly impacted the stock ownership percentage, suggesting stability in the company's leadership and strategy.
Despite recent insider sales, the stock price has remained relatively stable, indicating resilience in the face of selling pressure.

Waste Connections
Bear Case

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

While Waste Connections, Inc. has seen growth in institutional investments, a high percentage of institutional ownership (86.09%) may limit potential for rapid stock price appreciation due to reduced retail investor influence.
The recent surge in insider selling activities, including a significant number of shares sold in the last ninety days, could raise concerns about insider sentiment and future company performance.
Investors may face risks associated with regulatory changes in the waste management industry, impacting Waste Connections, Inc.'s operations and profitability.
Despite the company's essential services, economic downturns or shifts in consumer behavior could affect waste generation rates and subsequently impact Waste Connections, Inc.'s revenue streams.
Investors should carefully monitor Waste Connections, Inc.'s financial health and debt levels, as any significant liabilities could pose risks to the company's long-term stability and growth potential.

WCN Forecast - Frequently Asked Questions

: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Waste Connections is $195.56, with a high forecast of $217.00 and a low forecast of $175.00.
: 17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Waste Connections in the last twelve months. There are currently 5 hold ratings, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" WCN shares.
: According to analysts, Waste Connections's stock has a predicted upside of 4.85% 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, Citigroup, Eight Capital, JPMorgan Chase & Co., 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 2.76 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 11/21/2024 by MarketBeat.com Staff

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Waste Connections (WCN) Stock Forecast & Price Target