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NYSE:WCN

Waste Connections - WCN Stock Forecast, Price & News

$143.92
+0.21 (+0.15%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$142.93
$144.46
50-Day Range
$114.80
$143.71
52-Week Range
$113.50
$145.62
Volume
648,421 shs
Average Volume
1.09 million shs
Market Capitalization
$37.01 billion
P/E Ratio
54.52
Dividend Yield
0.64%
Price Target
$148.25

Waste Connections MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
3.0% Upside
$148.25 Price Target
Short Interest
Healthy
0.86% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.10
Upright™ Environmental Score
News Sentiment
-0.21mentions of Waste Connections in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$570,342 Sold Last Quarter
Proj. Earnings Growth
14.40%
From $3.75 to $4.29 Per Share

Overall MarketRank

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

2.84 out of 5 stars

Business Services Sector

24th out of 344 stocks

Refuse Systems Industry

2nd out of 6 stocks

WCN stock logo

About Waste Connections (NYSE:WCN) Stock

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. As of December 31, 2021, it owned 334 solid waste collection operations; 142 transfer stations; 61 municipal solid waste (MSW) landfills; 12 E&P waste landfills; 14 non-MSW landfills; 71 recycling operations; 4 intermodal operations; 23 E&P liquid waste injection wells; and 19 E&P waste treatment and oil recovery facilities. The company also operates an additional 53 transfer stations, 10 MSW landfills, and 2 intermodal operations. Waste Connections, Inc. was founded in 1997 and is based in Woodbridge, Canada.

Waste Connections Trading Up 1.4 %

Shares of WCN opened at $143.71 on Wednesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.94 and a quick ratio of 0.94. Waste Connections has a 1-year low of $113.50 and a 1-year high of $145.62. The stock has a market cap of $36.96 billion, a price-to-earnings ratio of 54.44, a price-to-earnings-growth ratio of 2.99 and a beta of 0.72. The firm has a 50 day simple moving average of $127.13 and a 200-day simple moving average of $129.54.

Waste Connections Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.64%. Waste Connections's dividend payout ratio (DPR) is 34.85%.

Analysts Set New Price Targets

Several research analysts have commented on WCN shares. Morgan Stanley boosted their price target on shares of Waste Connections from $146.00 to $158.00 and gave the stock an "overweight" rating in a report on Thursday, August 4th. Raymond James increased their price objective on Waste Connections from $146.00 to $155.00 and gave the company a "strong-buy" rating in a report on Friday, August 5th. Atb Cap Markets upgraded Waste Connections from a "sector perform" rating to an "outperform" rating in a research note on Thursday, August 4th. Oppenheimer set a $135.00 price target on Waste Connections in a report on Tuesday, July 19th. Finally, Royal Bank of Canada boosted their price target on Waste Connections from $147.00 to $152.00 and gave the stock an "outperform" rating in a research note on Thursday, August 4th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Waste Connections has an average rating of "Buy" and a consensus target price of $148.25.

Insider Activity

In related news, Director William J. Razzouk sold 4,073 shares of the business's stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $140.03, for a total value of $570,342.19. Following the completion of the transaction, the director now owns 4,016 shares of the company's stock, valued at approximately $562,360.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.34% of the company's stock.

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WCN Stock News Headlines

Waste Connections: I Love Trash
Waste Connections Inc stock advanced on Friday.
Waste Connections's Earnings Outlook
5 Analysts Have This to Say About Waste Connections
What 5 Analyst Ratings Have To Say About Waste Connections
See More Headlines
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WCN Company Calendar

Last Earnings
10/27/2021
Ex-Dividend for 6/1 Dividend
5/17/2022
Dividend Payable
6/01/2022
Today
8/17/2022
Ex-Dividend for 9/1 Dividend
8/17/2022
Dividend Payable
9/01/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Refuse systems
Sub-Industry
N/A
Employees
19,998
Year Founded
1997

Price Target and Rating

Average Stock Price Forecast
$148.25
High Stock Price Forecast
$158.00
Low Stock Price Forecast
$135.00
Forecasted Upside/Downside
+3.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
9 Analysts

Profitability

Net Income
$618.05 million
Pretax Margin
12.82%

Debt

Sales & Book Value

Annual Sales
$6.15 billion
Cash Flow
$6.49 per share
Book Value
$26.71 per share

Miscellaneous

Free Float
256,292,000
Market Cap
$37.01 billion
Optionable
Optionable
Beta
0.72

Social Links















WCN Stock - Frequently Asked Questions

Should I buy or sell Waste Connections stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Waste Connections in the last year. There are currently 1 hold rating, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" WCN shares.
View WCN analyst ratings
or view top-rated stocks.

What is Waste Connections' stock price forecast for 2022?

9 analysts have issued 12 month target prices for Waste Connections' shares. Their WCN share price forecasts range from $135.00 to $158.00. On average, they expect the company's stock price to reach $148.25 in the next twelve months. This suggests a possible upside of 3.0% 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 2022?

Waste Connections' stock was trading at $136.27 at the start of the year. Since then, WCN stock has increased by 5.6% and is now trading at $143.92.
View the best growth stocks for 2022 here
.

Are investors shorting Waste Connections?

Waste Connections saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 2,840,000 shares, an increase of 37.9% from the June 15th total of 2,060,000 shares. Based on an average trading volume of 1,010,000 shares, the days-to-cover ratio is currently 2.8 days. Currently, 1.1% of the company's shares are sold short.
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, October 26th 2022.
View our WCN earnings forecast
.

How were Waste Connections' earnings last quarter?

Waste Connections, Inc. (NYSE:WCN) posted its quarterly earnings data on Wednesday, October, 27th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.04. The business services provider earned $1.60 billion during the quarter, compared to analyst estimates of $1.57 billion. Waste Connections had a trailing twelve-month return on equity of 13.38% and a net margin of 10.25%. Waste Connections's quarterly revenue was up 14.9% compared to the same quarter last year. During the same period last year, the company earned $0.72 EPS.

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

Waste Connections announced a quarterly dividend on Wednesday, August 3rd. Investors of record on Thursday, August 18th will be paid a dividend of $0.23 per share on Thursday, September 1st. This represents a $0.92 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Wednesday, August 17th.
Read our dividend analysis for WCN
.

Is Waste Connections a good dividend stock?

Waste Connections (NYSE:WCN) pays an annual dividend of $0.92 per share and currently has a dividend yield of 0.64%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 34.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WCN will have a dividend payout ratio of 21.45% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WCN.

When did Waste Connections' stock split?

Waste Connections's stock split on the morning of 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 closing bell 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 guidance has Waste Connections issued on next quarter's earnings?

Waste Connections updated its third quarter 2022 earnings guidance on Thursday, August, 11th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.86 billion-$1.86 billion, compared to the consensus revenue estimate of $2.35 billion.

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).

What is Waste Connections' stock symbol?

Waste Connections trades on the New York Stock Exchange (NYSE) under the ticker symbol "WCN."

Who are Waste Connections' major shareholders?

Waste Connections' stock is owned by a variety of retail and institutional investors. Top institutional investors include Price T Rowe Associates Inc. MD (7.49%), Bank of Montreal Can (3.26%), Pictet Asset Management SA (2.66%), Bishop Rock Capital L.P. (2.15%), TD Asset Management Inc. (2.14%) and FMR LLC (1.18%). Insiders that own company stock include Brian Harris, David Eddie, Eric Hansen, James Little, Jason Craft, Matthew Stephen Black, Michael W Harlan, Patrick James Shea, Ronald J Mittelstaedt, Susan Netherton, William J Razzouk and Worthing Jackman.
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.

What is Waste Connections' stock price today?

One share of WCN stock can currently be purchased for approximately $143.92.

How much money does Waste Connections make?

Waste Connections (NYSE:WCN) has a market capitalization of $37.01 billion and generates $6.15 billion in revenue each year. The business services provider earns $618.05 million in net income (profit) each year or $2.64 on an earnings per share basis.

How many employees does Waste Connections have?

The company employs 19,998 workers across the globe.

When was Waste Connections founded?

Waste Connections was founded in 1997.

How can I contact Waste Connections?

Waste Connections' mailing address is 610 APPLEWOOD CRESCENT SUITE 200, VAUGHAN A6, L4K 0C3. The official website for the company is www.wasteconnections.com. The business services provider can be reached via phone at (905) 532-7510, via email at chaya.cooperberg@progressivewaste.com, or via fax at 905-532-7580.

This page (NYSE:WCN) was last updated on 8/17/2022 by MarketBeat.com Staff

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