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Top-Rated StocksTop-Rated

Waste Connections (WCN) Stock Price, News & Analysis

$141.52
+3.19 (+2.31%)
(As of 04:10 PM ET)
Compare
Today's Range
$137.25
▼
$142.04
50-Day Range
$127.88
▼
$140.17
52-Week Range
$125.83
▼
$145.86
Volume
1.25 million shs
Average Volume
934,509 shs
Market Capitalization
$36.46 billion
P/E Ratio
43.95
Dividend Yield
0.81%
Price Target
$159.06
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

Waste Connections MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
12.7% Upside
$159.06 Price Target
Short Interest
Healthy
1.04% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.10
Upright™ Environmental Score
News Sentiment
0.41mentions of Waste Connections in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.92%
From $4.18 to $4.72 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.86 out of 5 stars

Business Services Sector

15th out of 281 stocks

Refuse Systems Industry

1st out of 6 stocks

See Top Rated MarketRank™ Stocks Here

WCN stock logo

About Waste Connections Stock (NYSE:WCN)

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. The company also owns and operates transfer stations that receive compact and/or load waste to be transported to landfills or treatment facilities through truck, rail, or barge; and intermodal services for the rail haul movement of cargo and solid waste containers in the Pacific Northwest through a network of intermodal facilities. In addition, it provides E&P waste treatment, recovery, and disposal services for waste resulting from oil and natural gas exploration and production activity, such as drilling fluids, drill cuttings, completion fluids, and flowback water; production wastes and produced water during a well's operating life; contaminated soils that require treatment during site reclamation; and substances, which require clean-up after a spill, reserve pit clean-up, or pipeline rupture. Further, the company offers leasing services to its customers. Waste Connections, Inc. was founded in 1997 and is based in Woodbridge, Canada.

WCN Stock Price History

WCN Stock News Headlines

December 5, 2023 | benzinga.com
Waste Connections Stock (NYSE:WCN) Dividends: History, Yield and Dates
December 5, 2023 | americanbankingnews.com
Waste Connections (NYSE:WCN) Price Target Raised to $175.00 at Morgan Stanley
December 11, 2023 | Financial Alphas (Ad)
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December 3, 2023 | americanbankingnews.com
Oppenheimer Lowers Waste Connections (NYSE:WCN) Price Target to $146.00
December 2, 2023 | markets.businessinsider.com
Waste Connections (WCN) Receives Buy Rating on Successful ETLF Containment and Financial Prudence
December 2, 2023 | americanbankingnews.com
Waste Connections, Inc. (NYSE:WCN) Receives Average Recommendation of "Moderate Buy" from Brokerages
December 1, 2023 | finance.yahoo.com
Clean Harbors (CLH) Up 4.3% Since Last Earnings Report: Can It Continue?
November 28, 2023 | finance.yahoo.com
2 Unstoppable Dividend Stocks Trading Near 52-Week Lows to Buy Now
December 11, 2023 | Autonomix (Ad)
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November 27, 2023 | markets.businessinsider.com
Buy Rating on Waste Connections: Strong Market Position and Growth Potential Underscore $160 Price Target
November 23, 2023 | fool.ca
3 Market-Crushing Stocks on My Holiday Shopping List
November 20, 2023 | uk.finance.yahoo.com
Waste Connections, Inc. (WCN.TO)
November 10, 2023 | theglobeandmail.com
Closing Bell: Waste Connections Inc flat on Friday (WCN)
November 9, 2023 | finance.yahoo.com
Declining Stock and Solid Fundamentals: Is The Market Wrong About Waste Connections, Inc. (NYSE:WCN)?
November 2, 2023 | morningstar.com
Waste Connections Inc WCN
November 2, 2023 | seekingalpha.com
Waste Connections: Landfill Issues In California And Texas Are Temporary, Buy The Weakness Now
November 1, 2023 | finance.yahoo.com
Estimating The Intrinsic Value Of Waste Connections, Inc. (NYSE:WCN)
October 28, 2023 | finance.yahoo.com
Waste Connections Inc (WCN) Reports Q3 2023 Earnings
October 26, 2023 | morningstar.com
Waste Connections Down Over 6%, on Pace for Largest Percent Decrease Since March 2020 — Data Talk
October 26, 2023 | finance.yahoo.com
Here's What Key Metrics Tell Us About Waste Connections (WCN) Q3 Earnings
October 26, 2023 | finanznachrichten.de
Waste Connections, Inc.: Waste Connections Reports Third Quarter 2023 Results
October 26, 2023 | finance.yahoo.com
Here's Why Waste Connections (WCN) is a Strong Growth Stock
October 25, 2023 | finance.yahoo.com
WASTE CONNECTIONS REPORTS THIRD QUARTER 2023 RESULTS
October 25, 2023 | finance.yahoo.com
WASTE CONNECTIONS ANNOUNCES 11.8% INCREASE IN QUARTERLY DIVIDEND
October 18, 2023 | finance.yahoo.com
12 Best Stocks to Buy and Hold According to Bill Gates’ Portfolio
October 13, 2023 | seekingalpha.com
Waste Connections: A Decentralized Operation With High Revenue Quality
October 6, 2023 | finance.yahoo.com
Reasons to Retain Waste Connections (WCN) in Your Portfolio Now
See More Headlines
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Company Calendar

Last Earnings
10/25/2023
Ex-Dividend for 11/28 Dividend
11/07/2023
Dividend Payable
11/28/2023
Today
12/11/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/21/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Refuse systems
Sub-Industry
N/A
Sector
Business Services
Current Symbol
NYSE:WCN
CUSIP
N/A
CIK
1318220
Web
www.wasteconnections.com
Phone
(905) 532-7510
Fax
905-532-7580
Employees
22,109
Year Founded
1997

Price Target and Rating

Average Stock Price Target
$159.06
High Stock Price Target
$175.00
Low Stock Price Target
$145.00
Potential Upside/Downside
+15.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
16 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$3.22
Trailing P/E Ratio
42.96
Forward P/E Ratio
33.09
P/E Growth
3.2
Net Income
$835.66 million
Net Margins
10.57%
Pretax Margin
13.66%
Return on Equity
13.95%
Return on Assets
5.91%

Debt

Debt-to-Equity Ratio
0.90
Current Ratio
0.73
Quick Ratio
0.73

Sales & Book Value

Annual Sales
$7.21 billion
Price / Sales
4.94
Cash Flow
$7.42 per share
Price / Cash Flow
18.64
Book Value
$27.66 per share
Price / Book
5.00

Miscellaneous

Outstanding Shares
257,640,000
Free Float
256,739,000
Market Cap
$35.64 billion
Optionable
Optionable
Beta
0.66

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Should I Buy Waste Connections Stock? WCN Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Waste Connections was last updated on Tuesday, November 28, 2023 at 11:22 AM.

Pros

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

  • Strong Market Position: Waste Connections, Inc. is a leading provider of non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. With its extensive network and established customer base, the company has a strong market position in the industry.
  • Diverse Customer Base: The company serves a wide range of customers, including residential, commercial, municipal, industrial, and exploration and production (E&P) customers. This diversification helps mitigate risks associated with relying on a single customer segment.
  • Recycling Services: Waste Connections offers recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals. As environmental concerns continue to grow, the demand for recycling services is expected to increase, providing potential growth opportunities for the company.
  • Intermodal Services: The company operates intermodal facilities for the rail haul movement of cargo and solid waste containers in the Pacific Northwest. This allows for efficient transportation of waste and cargo, reducing costs and improving operational efficiency.
  • Leasing Services: Waste Connections also provides leasing services to its customers. This additional revenue stream diversifies the company's income sources and can contribute to its overall financial performance.

Cons

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

  • Competition: The waste management industry is highly competitive, with numerous players vying for market share. Increased competition could potentially impact Waste Connections' pricing power and profitability.
  • Regulatory Environment: Waste management companies are subject to various environmental regulations and compliance requirements. Changes in regulations or stricter enforcement could increase operating costs and pose challenges for the company.
  • Economic Downturn: Waste management services are closely tied to economic activity. During economic downturns, there may be a decrease in waste generation, which could impact the company's revenue and profitability.
  • Dependence on Oil and Gas Industry: Waste Connections provides waste treatment, recovery, and disposal services for waste resulting from oil and natural gas exploration and production activity. Any downturn in the oil and gas industry could have a negative impact on the company's business.
  • Environmental Concerns: Increasing awareness and concerns about environmental sustainability may lead to stricter regulations and a shift towards alternative waste management solutions. Waste Connections may need to adapt to changing customer preferences and invest in new technologies to remain competitive.














WCN Stock Analysis - Frequently Asked Questions

Should I buy or sell Waste Connections stock right now?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Waste Connections in the last year. There are currently 3 hold ratings, 12 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" WCN shares.
View WCN analyst ratings or view top-rated stocks.

What is Waste Connections' stock price target for 2024?

16 equities research analysts have issued 1-year price objectives for Waste Connections' stock. Their WCN share price targets range from $145.00 to $175.00. On average, they anticipate the company's share price to reach $159.06 in the next twelve months. This suggests a possible upside of 12.7% from the stock's current price.
View analysts price targets for WCN or view top-rated stocks among Wall Street analysts.

How have WCN shares performed in 2023?

Waste Connections' stock was trading at $132.56 on January 1st, 2023. Since then, WCN shares have increased by 6.5% and is now trading at $141.19.
View the best growth stocks for 2023 here.

Are investors shorting Waste Connections?

Waste Connections saw a decline in short interest in the month of October. As of October 31st, there was short interest totaling 3,100,000 shares, a decline of 17.3% from the October 15th total of 3,750,000 shares. Based on an average trading volume of 937,500 shares, the days-to-cover ratio is presently 3.3 days. Currently, 1.2% of the company's shares are short sold.
View Waste Connections' Short Interest.

When is Waste Connections' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024.
View our WCN earnings forecast.

How were Waste Connections' earnings last quarter?

Waste Connections, Inc. (NYSE:WCN) issued its quarterly earnings results on Wednesday, October, 25th. The business services provider reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.03. The business services provider earned $2.06 billion during the quarter, compared to the consensus estimate of $2.06 billion. Waste Connections had a trailing twelve-month return on equity of 13.95% and a net margin of 10.57%. Waste Connections's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned $1.10 EPS.

How often does Waste Connections pay dividends? What is the dividend yield for Waste Connections?

Waste Connections announced a quarterly dividend on Wednesday, October 25th. Investors of record on Wednesday, November 8th will be paid a dividend of $0.285 per share on Tuesday, November 28th. This represents a $1.14 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Tuesday, November 7th. This is a positive change from the stock's previous quarterly dividend of $0.26.
Read our dividend analysis for WCN.

Is Waste Connections a good dividend stock?

Waste Connections (NYSE:WCN) pays an annual dividend of $1.14 per share and currently has a dividend yield of 0.82%. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 35.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WCN will have a dividend payout ratio of 24.15% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WCN.

What ETFs hold Waste Connections' stock?

ETFs with the largest weight of Waste Connections (NYSE:WCN) stock in their portfolio include iShares MSCI USA Min Vol Factor ETF (USMV), BlackRock Future U.S. Themes ETF (BTHM) and iShares Global Industrials ETF (EXI).Cizzle Biotechnology (CIZ).

When did Waste Connections' stock split?

Waste Connections shares split on Monday, June 19th 2017. The 3-2 split was announced on Wednesday, April 26th 2017. The newly issued shares were issued to shareholders after the market closes on Friday, June 16th 2017. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

What is Worthing Jackman's approval rating as Waste Connections' CEO?

92 employees have rated Waste Connections Chief Executive Officer Worthing Jackman on Glassdoor.com. Worthing Jackman has an approval rating of 95% among the company's employees. This puts Worthing Jackman in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Waste Connections own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Waste Connections investors own include Hawkins (HWKN), Waste Management (WM), Ingersoll Rand (IR), CA (CA), Alibaba Group (BABA), BlackRock (BLK), Visa (V), Home Depot (HD), Micron Technology (MU).

Who are Waste Connections' major shareholders?

Waste Connections' stock is owned by a number of retail and institutional investors. Top institutional investors include Royal Bank of Canada (4.38%), WCM Investment Management LLC (3.97%), TD Asset Management Inc (2.02%), The Manufacturers Life Insurance Company (1.23%), Wellington Management Group LLP (1.18%) and JPMorgan Chase & Co. (1.17%). Insiders that own company stock include Brian Harris, David Eddie, Eric Hansen, James Little, Jason Craft, Patrick James Shea, Robert Michael Cloninger, Susan Netherton and William J Razzouk.
View institutional ownership trends.

How do I buy shares of Waste Connections?

Shares of WCN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:WCN) was last updated on 12/11/2023 by MarketBeat.com Staff

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