Waste Connections (WCN) Stock Forecast & Price Target

$177.34

-1.18 (-0.66%)

(As of 09/27/2024 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 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

$187.28
5.60% Upside

According to the 18 analysts' twelve-month price targets for Waste Connections, the average price target is $187.28. The highest price target for WCN is $217.00, while the lowest price target for WCN is $152.00. The average price target represents a forecasted upside of 5.60% from the current price of $177.34.

WCN Analyst Ratings Over Time

Type	Current Forecast 9/29/23 to 9/28/24	1 Month Ago 8/30/23 to 8/29/24	3 Months Ago 7/1/23 to 6/30/24	1 Year Ago 9/29/22 to 9/29/23
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)	12 Buy rating(s)	11 Buy rating(s)	9 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$187.28	$187.28	$179.94	$160.08
Forecasted Upside	5.60% Upside	0.81% Upside	2.61% Upside	19.25% 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	2.65	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	5.60% Upside	304.25% Upside	6.14% 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
7/29/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Overweight	$175.00 ➝ $198.00	+11.93%
7/26/2024	TD Cowen 4 of 5 stars		Boost Target	Buy ➝ Buy	$185.00 ➝ $200.00	+13.77%
7/26/2024	BMO Capital Markets 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$196.00 ➝ $198.00	+12.28%
7/26/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperformer ➝ Outperformer	$191.00 ➝ $193.00	+9.77%
7/26/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$195.00 ➝ $199.00	+13.40%
7/22/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Strong-Buy	$190.00 ➝ $207.00	+14.09%
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7/15/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$181.00 ➝ $191.00	+5.80%
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	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$175.00 ➝ $180.00	+8.79%
2/15/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform	$146.50 ➝ $179.00	+8.19%
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
1/18/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$136.00 ➝ $163.00	+10.30%
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 Saturday at 03:01 PM 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 Thursday, September 19, 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 consistently shown revenue growth, with a notable 11.2% increase in revenue compared to the same quarter last year.
The company's EPS is expected to be $4.84 for the current year, indicating strong earnings potential.
Analysts have given Waste Connections, Inc. positive ratings, with many setting target prices above the current levels, suggesting potential stock price appreciation.
Waste Connections, Inc. has a dividend payout ratio of 37.01%, providing investors with a steady income stream through dividends.
The company's stock has an average rating of "Moderate Buy" with an average target price of $187.28, indicating positive sentiment from analysts.

Waste Connections
Bear Case

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

Market conditions can impact waste management companies, affecting Waste Connections, Inc.'s operations and financial performance.
Regulatory changes in the waste management industry could pose challenges for Waste Connections, Inc. and impact its profitability.
Investors should consider the current stock price of Waste Connections, Inc. and evaluate if it aligns with their investment goals and risk tolerance.
Competition in the waste management sector may affect Waste Connections, Inc.'s market share and pricing power.
Economic downturns or recessions could lead to reduced waste volumes, impacting Waste Connections, Inc.'s revenue and earnings.

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 $187.28, with a high forecast of $217.00 and a low forecast of $152.00.
: 18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Waste Connections in the last year. 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 5.60% based on their 12-month stock forecasts.
: Waste Connections has been rated by research analysts at BMO Capital Markets, CIBC, JPMorgan Chase & Co., Oppenheimer, Raymond James, Royal Bank of Canada, TD Cowen, and Truist Financial 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 2.65. Learn more on how WCN compares to other companies.