Waste Connections (NYSE:WCN) Upgraded to Strong-Buy at National Bank Financial

Waste Connections (NYSE:WCN - Get Free Report) was upgraded by equities research analysts at National Bank Financial to a "strong-buy" rating in a report released on Monday,Zacks.com reports. National Bank Financial also issued estimates for Waste Connections' Q2 2025 earnings at $1.26 EPS, Q3 2025 earnings at $1.46 EPS, Q4 2025 earnings at $1.38 EPS, FY2025 earnings at $5.24 EPS and FY2026 earnings at $5.79 EPS.

A number of other equities research analysts have also commented on the company. Jefferies Financial Group lowered their price target on Waste Connections from $225.00 to $210.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. William Blair assumed coverage on Waste Connections in a research note on Thursday, April 3rd. They set an "outperform" rating for the company. BMO Capital Markets increased their price target on Waste Connections from $214.00 to $216.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Scotiabank raised their target price on Waste Connections from $192.00 to $207.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 8th. Finally, Truist Financial set a $220.00 price target on Waste Connections in a report on Friday, April 25th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $212.23.

Waste Connections Stock Up 1.5%

NYSE WCN traded up $2.87 on Monday, reaching $197.26. The company had a trading volume of 1,968,018 shares, compared to its average volume of 1,011,352. The stock has a market capitalization of $50.96 billion, a P/E ratio of 82.54, a P/E/G ratio of 3.07 and a beta of 0.66. The company's fifty day moving average is $194.10 and its 200 day moving average is $187.35. Waste Connections has a 52-week low of $161.13 and a 52-week high of $201.66. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.03.

Waste Connections (NYSE:WCN - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.06. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.22 billion. Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. Waste Connections's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.04 EPS. Sell-side analysts anticipate that Waste Connections will post 5.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Waste Connections

Institutional investors and hedge funds have recently bought and sold shares of the stock. Manchester Capital Management LLC bought a new position in Waste Connections during the 4th quarter worth approximately $26,000. Private Trust Co. NA boosted its position in shares of Waste Connections by 153.3% during the fourth quarter. Private Trust Co. NA now owns 152 shares of the business services provider's stock valued at $26,000 after purchasing an additional 92 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of Waste Connections during the fourth quarter valued at approximately $27,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Waste Connections during the fourth quarter valued at approximately $28,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Waste Connections by 59.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider's stock valued at $33,000 after purchasing an additional 71 shares in the last quarter. 86.09% of the stock is currently owned by institutional investors.

About Waste Connections

Waste Connections, Inc provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (E&P) customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals.