Waste Connections (WCN) Stock Forecast & Price Target

$193.25 +0.44 (+0.23%)

(As of 11/26/2024 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
1.20% 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 1.20% from the current price of $193.25.

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WCN Analyst Ratings Over Time

Type	Current Forecast 11/28/23 to 11/27/24	1 Month Ago 10/29/23 to 10/28/24	3 Months Ago 8/30/23 to 8/29/24	1 Year Ago 11/28/22 to 11/28/23
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)	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	$195.56	$195.56	$187.28	$159.13
Forecasted Upside	1.20% Upside	10.52% Upside	0.81% Upside	19.61% 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	2.76	2.68	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	1.20% Upside	321.89% Upside	6.73% Upside
News Sentiment Rating	Positive 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%
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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 Wednesday at 09:42 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, November 22, 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 strong performance with earnings per share (EPS) of $1.35, exceeding analyst expectations of $1.30, indicating robust financial health.
The stock is currently trading at $188.60, reflecting a significant increase from its one-year low of $131.67, suggesting positive market sentiment and growth potential.
Waste Connections, Inc. has a solid revenue growth of 13.3% year-over-year, with quarterly revenue reaching $2.34 billion, which demonstrates its ability to expand and capture market share.
The company has received multiple upgrades from analysts, with target prices reaching as high as $200.00, indicating strong confidence in its future performance.
Waste Connections, Inc. recently increased its quarterly dividend to $0.315 per share, up from $0.29, which reflects a commitment to returning value to shareholders and a healthy payout ratio of approximately 34.62%.

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 51.24, which may indicate that it is overvalued compared to its earnings, potentially leading to a price correction.
Despite recent growth, the company has a current ratio of 0.77, suggesting potential liquidity issues, as it may not have enough short-term assets to cover its short-term liabilities.
The stock's beta of 0.72 indicates lower volatility compared to the market, which may limit potential gains during bullish market conditions.
With a debt-to-equity ratio of 0.99, Waste Connections, Inc. has a relatively high level of debt, which could pose risks if interest rates rise or if the company faces downturns in revenue.
Analysts have mixed ratings, with six holding a "hold" rating, which may suggest uncertainty about the stock's future performance and potential for growth.

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 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 analysts is that investors should "moderate buy" WCN shares.
: According to analysts, Waste Connections's stock has a predicted upside of 1.20% 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 2.68. Learn more on how WCN compares to other companies.

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This page (NYSE:WCN) was last updated on 11/27/2024 by MarketBeat.com Staff

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Waste Connections (WCN) Stock Forecast & Price Target