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Waste Connections (WCN) Stock Forecast & Price Target

Waste Connections logo
C$265.37 +1.35 (+0.51%)
(As of 11/22/2024 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

Sell
0
Hold
4
Buy
2

Based on 6 Wall Street analysts who have issued ratings for Waste Connections in the last 12 months, the stock has a consensus rating of "Hold." Out of the 6 analysts, 4 have given a hold rating, and 2 have given a buy rating for WCN.

Consensus Price Target

C$205.10
-22.71% Downside
According to the 6 analysts' twelve-month price targets for Waste Connections, the average price target is C$205.10. The highest price target for WCN is C$270.00, while the lowest price target for WCN is C$146.50. The average price target represents a forecasted downside of -22.71% from the current price of C$265.37.
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WCN Analyst Ratings Over Time

TypeCurrent Forecast
11/24/23 to 11/23/24
1 Month Ago
10/25/23 to 10/24/24
3 Months Ago
8/26/23 to 8/25/24
1 Year Ago
11/24/22 to 11/24/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
4 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
3 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$205.10C$208.42C$196.10C$178.60
Forecasted Upside-22.71% Downside-16.48% Downside-22.13% Downside-1.75% Downside
Consensus Rating
Hold
Hold
Hold
Moderate Buy

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.
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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.
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Waste Connections Stock vs. The Competition

TypeWaste ConnectionsIndustrials Companies
Consensus Rating Score
2.33
2.72
Consensus RatingHoldModerate Buy
News Sentiment Rating
Positive News

See Recent WCN News
Neutral News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/25/2024ATB Capital
4 of 5 stars
 Boost TargetC$255.00 ➝ C$260.00+6.21%
10/9/2024Eight Capital
5 of 5 stars
J. Somerville
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Set TargetNeutralC$270.00+8.95%
10/4/2024Scotiabank
5 of 5 stars
K. Gupta
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UpgradeHold
2/15/2024Royal Bank of Canada
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 Boost TargetOutperformC$169.00 ➝ C$182.00-18.31%
2/14/2024Atb Cap Markets
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C. Murray
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DowngradeOutperform ➝ Sector Perform
12/12/2023CIBC
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 Boost TargetOutperformC$156.00 ➝ C$167.00-14.66%
10/27/2023UBS Group
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 Boost TargetC$223.00 ➝ C$230.00+29.58%
2/17/2023BMO Capital Markets
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Devin Dodge
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Initiated CoverageBuyC$153.00-16.87%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 03:00 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 Friday, November 1, 2024. Please send any questions or comments about these Waste Connections pros and cons to contact@marketbeat.com.

Waste Connections
Bull Case

green Wall Street bull icon

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

  • Waste Connections, Inc. has shown consistent revenue growth over recent quarters, indicating a strong financial performance.
  • The company recently increased its dividend, signaling confidence in its financial stability and commitment to rewarding shareholders.
  • Analysts have set new price targets for Waste Connections, with positive outlooks on the company's future performance.
  • Waste Connections, Inc. reported higher-than-expected earnings per share (EPS) in its latest quarterly results, demonstrating strong profitability.
  • The stock price of Waste Connections, Inc. has been trading at near all-time highs, reflecting positive market sentiment and potential for further growth.

Waste Connections
Bear Case

red Wall Street bear icon

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

  • Waste Connections, Inc. has a relatively high debt-to-equity ratio, which may pose risks in case of economic downturns or financial challenges.

WCN Forecast - Frequently Asked Questions

According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Waste Connections is C$205.10, with a high forecast of C$270.00 and a low forecast of C$146.50.

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Waste Connections in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" WCN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WCN, but not buy additional shares or sell existing shares.

According to analysts, Waste Connections's stock has a predicted downside of -22.71% 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 ATB Capital, Eight Capital, and Scotiabank in the past 90 days.

Analysts like Waste Connections less than other "industrials" companies. The consensus rating for Waste Connections is Hold while the average consensus rating for "industrials" companies is Moderate Buy. Learn more on how WCN compares to other companies.


This page (TSE:WCN) was last updated on 11/23/2024 by MarketBeat.com Staff
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