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Waste Connections Stock Price, News & Analysis (NYSE:WCN)

$132.75
-0.26 (-0.20%)
(As of 12:32 PM ET)
Compare
Today's Range
$132.24
$133.69
50-Day Range
$127.88
$141.73
52-Week Range
$125.83
$146.12
Volume
200,994 shs
Average Volume
928,170 shs
Market Capitalization
$34.20 billion
P/E Ratio
41.23
Dividend Yield
0.86%
Price Target
$159.13

Waste Connections MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
19.8% Upside
$159.13 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
0.15mentions of Waste Connections in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.70%
From $4.16 to $4.73 Per Share

Overall MarketRank

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

2.90 out of 5 stars

Business Services Sector

20th out of 308 stocks

Refuse Systems Industry

1st out of 6 stocks


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

The Only Practical Solution to the World’s Looming Energy Crisis
There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!
Waste Connections, Inc. (WCN.TO)
The Only Practical Solution to the World’s Looming Energy Crisis
There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!
Closing Bell: Waste Connections Inc flat on Friday (WCN)
Waste Connections Inc WCN
Waste Connections Inc (WCN) Reports Q3 2023 Earnings
WASTE CONNECTIONS REPORTS THIRD QUARTER 2023 RESULTS
RBC Capital Reaffirms Their Buy Rating on Waste Connections (WCN)
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
11/29/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/21/2024

Industry, Sector and Symbol

Industry
Refuse systems
Sub-Industry
N/A
Employees
22,109
Year Founded
1997

Price Target and Rating

Average Stock Price Target
$159.13
High Stock Price Target
$171.00
Low Stock Price Target
$145.00
Potential Upside/Downside
+19.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
16 Analysts

Profitability

Net Income
$835.66 million
Pretax Margin
13.66%

Debt

Sales & Book Value

Annual Sales
$7.21 billion
Cash Flow
$7.40 per share
Book Value
$29.47 per share

Miscellaneous

Free Float
256,739,000
Market Cap
$34.32 billion
Optionable
Optionable
Beta
0.67

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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 twelve months. 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 analysts have issued 1-year price targets for Waste Connections' stock. Their WCN share price targets range from $145.00 to $171.00. On average, they predict the company's stock price to reach $159.13 in the next twelve months. This suggests a possible upside of 19.8% 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 at the beginning of the year. Since then, WCN stock has increased by 0.2% and is now trading at $132.79.
View the best growth stocks for 2023 here
.

Are investors shorting Waste Connections?

Waste Connections saw a drop in short interest in the month of October. As of October 31st, there was short interest totaling 3,100,000 shares, a drop 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 currently 3.3 days. Currently, 1.2% of the shares of the company 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) announced its earnings results on Wednesday, October, 25th. The business services provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.03. The business services provider had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $2.06 billion. Waste Connections had a net margin of 10.57% and a trailing twelve-month return on equity of 13.95%. Waste Connections's quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the business 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. Stockholders 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 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Tuesday, November 7th. This is a boost 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 0.85%. 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 24.10% 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?

Shares of Waste Connections split on Monday, June 19th 2017. The 3-2 split was announced on Wednesday, April 26th 2017. The newly created shares were distributed 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 shareholders 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%), JPMorgan Chase & Co. (1.17%) and Montrusco Bolton Investments Inc. (0.95%). Insiders that own company stock include Brian Harris, David Eddie, Eric Hansen, James Little, Jason Craft, Matthew Stephen Black, 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 11/29/2023 by MarketBeat.com Staff

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