Waste Connections (WCN) Stock Forecast & Price Target

C$252.49

+2.89 (+1.16%)

(As of 09:51 AM 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

Hold

Based on 6 Analyst Ratings

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$208.42
-17.46% Downside

According to the 6 analysts' twelve-month price targets for Waste Connections, the average price target is C$208.42. 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 -17.46% from the current price of C$252.49.

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WCN Analyst Ratings Over Time

Type	Current Forecast 10/16/23 to 10/15/24	1 Month Ago 9/16/23 to 9/15/24	3 Months Ago 7/18/23 to 7/17/24	1 Year Ago 10/16/22 to 10/16/23
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)	3 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 Target	C$208.42	C$196.10	C$193.10	C$176.40
Forecasted Upside	-17.46% Downside	-22.30% Downside	-22.65% Downside	-6.57% Downside
Consensus Rating	Hold	Hold	Hold	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	Industrials Companies
Consensus Rating Score	2.33	2.67
Consensus Rating	Hold	Moderate Buy
News Sentiment Rating	Neutral News See Recent WCN News	Neutral 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
10/9/2024	Eight Capital 5 of 5 stars	J. Somerville Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target	Neutral	C$270.00	+8.95%
10/4/2024	Scotiabank 5 of 5 stars	K. Gupta Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
7/26/2024	ATB Capital 4 of 5 stars		Boost Target		C$240.00 ➝ C$255.00	+4.65%
2/15/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$169.00 ➝ C$182.00	-18.31%
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
12/12/2023	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$156.00 ➝ C$167.00	-14.66%
10/27/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$223.00 ➝ C$230.00	+29.58%
2/17/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Devin Dodge Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	C$153.00	-16.87%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:22 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 Tuesday, October 8, 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 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

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$208.42, with a high forecast of C$270.00 and a low forecast of C$146.50.
: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Waste Connections in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 -17.46% 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.

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This page (TSE:WCN) was last updated on 10/15/2024 by MarketBeat.com Staff

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