Waste Connections - WCN Stock Forecast, Price & News

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.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Atb Cap Markets raised Waste Connections from a "sector perform" rating to an "outperform" rating in a report on Thursday, August 4th. ATB Capital lifted their price objective on Waste Connections from C$170.00 to C$180.00 and gave the stock an "outperform" rating in a report on Thursday, August 4th. Morgan Stanley reduced their price objective on Waste Connections to C$138.00 and set a "buy" rating for the company in a report on Wednesday, June 22nd. Finally, Veritas Investment Research cut Waste Connections from a "buy" rating to a "reduce" rating in a report on Thursday, May 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of C$146.43.

Waste Connections Stock Performance

TSE:WCN opened at C$179.38 on Tuesday. Waste Connections has a fifty-two week low of C$148.05 and a fifty-two week high of C$183.55. The stock has a market cap of C$46.13 billion and a price-to-earnings ratio of 57.31. The business has a fifty day moving average of C$161.73 and a 200-day moving average of C$164.39. The company has a quick ratio of 0.76, a current ratio of 0.94 and a debt-to-equity ratio of 84.88.