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S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024

Waste Connections (WCN) Stock Price, News & Analysis

$171.69
+1.66 (+0.98%)
(As of 08:12 AM ET)
Today's Range
$171.69
$171.69
50-Day Range
$146.73
$172.12
52-Week Range
$126.12
$172.41
Volume
174 shs
Average Volume
929,447 shs
Market Capitalization
$44.30 billion
P/E Ratio
58.00
Dividend Yield
0.66%
Price Target
$175.82

Waste Connections MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.78 Rating Score
Upside/​Downside
2.4% Upside
$175.82 Price Target
Short Interest
Healthy
0.49% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.10
Upright™ Environmental Score
News Sentiment
0.72mentions of Waste Connections in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$152,591 Sold Last Quarter
Proj. Earnings Growth
13.40%
From $4.85 to $5.50 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.73 out of 5 stars

Business Services Sector

20th out of 313 stocks

Refuse Systems Industry

3rd 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 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

Waste Connections (NYSE:WCN) Raised to "Buy" at StockNews.com
The AI Defense Stock Set to Soar
To protect our interests, The Pentagon has partnered with this small AI defense contractor - creating some of the most powerful AI defenses ever made.
WCN Mar 2024 130.000 call
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14 Best Canadian Stocks To Buy and Hold In 2024
Waste Connections Announces Senior Notes Offering
Waste Connections Announces Senior Notes Offering
See More Headlines
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Company Calendar

Last Earnings
2/13/2024
Ex-Dividend for 3/13 Dividend
2/27/2024
Dividend Payable
3/13/2024
Today
3/27/2024
Next Earnings (Estimated)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Refuse systems
Sub-Industry
N/A
Employees
22,539
Year Founded
1997

Price Target and Rating

Average Stock Price Target
$175.82
High Stock Price Target
$217.00
Low Stock Price Target
$152.00
Potential Upside/Downside
+2.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.78
Research Coverage
18 Analysts

Profitability

Net Income
$762.80 million
Pretax Margin
12.26%

Debt

Sales & Book Value

Annual Sales
$8.02 billion
Cash Flow
$8.18 per share
Book Value
$29.88 per share

Miscellaneous

Free Float
257,111,000
Market Cap
$44.30 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 Monday, March 25, 2024 at 11:33 PM.

Pros

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

  • Waste Connections, Inc. provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada, offering a stable and essential service with consistent demand.
  • The company offers recycling services for various recyclable materials, aligning with the growing focus on sustainability and environmental responsibility, which can attract environmentally conscious investors.
  • With a diverse customer base including residential, commercial, municipal, industrial, and exploration and production customers, Waste Connections, Inc. has multiple revenue streams that can help mitigate risks associated with dependency on a single market segment.
  • Waste Connections, Inc. owns and operates transfer stations and provides intermodal services, showcasing a robust infrastructure that supports efficient waste management operations and logistics.
  • Considering the current stock price and potential for growth in the waste management industry, investing in Waste Connections, Inc. may present an opportunity for capital appreciation.

Cons

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

  • Regulatory changes or environmental policies could impact the waste management industry, leading to increased compliance costs or operational challenges for companies like Waste Connections, Inc.
  • Competition within the waste management sector may intensify, potentially affecting pricing power and margins for Waste Connections, Inc. as they strive to maintain market share.
  • Market volatility and economic downturns can influence waste generation levels, affecting the demand for Waste Connections, Inc.'s services and potentially impacting financial performance.
  • Changes in recycling trends or technologies could disrupt traditional waste management practices, requiring investments in innovation and adaptation that may pose challenges for Waste Connections, Inc.
  • Investors should consider the overall economic climate and market conditions when evaluating investments in Waste Connections, Inc., as macroeconomic factors can influence the company's performance and stock value.

WCN Stock Analysis - Frequently Asked Questions

Should I buy or sell Waste Connections stock right now?

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Waste Connections in the last year. There are currently 5 hold ratings, 12 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research 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?

18 Wall Street analysts have issued 12-month target prices for Waste Connections' shares. Their WCN share price targets range from $152.00 to $217.00. On average, they predict the company's share price to reach $175.82 in the next year. This suggests a possible upside of 2.4% 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 2024?

Waste Connections' stock was trading at $149.27 on January 1st, 2024. Since then, WCN shares have increased by 15.0% and is now trading at $171.69.
View the best growth stocks for 2024 here
.

Are investors shorting Waste Connections?

Waste Connections saw a decrease in short interest during the month of March. As of March 15th, there was short interest totaling 1,270,000 shares, a decrease of 24.4% from the February 29th total of 1,680,000 shares. Based on an average daily volume of 920,900 shares, the short-interest ratio is currently 1.4 days. Approximately 0.5% 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, April 24th 2024.
View our WCN earnings forecast
.

How were Waste Connections' earnings last quarter?

Waste Connections, Inc. (NYSE:WCN) released its quarterly earnings data on Tuesday, February, 13th. The business services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $1.08 by $0.03. The business services provider had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.04 billion. Waste Connections had a net margin of 9.51% and a trailing twelve-month return on equity of 14.42%. Waste Connections's revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the firm earned $0.89 earnings per share.

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

Waste Connections announced a quarterly dividend on Tuesday, February 13th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.285 per share on Wednesday, March 13th. This represents a $1.14 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Tuesday, February 27th.
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 0.67%. 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 38.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WCN will have a dividend payout ratio of 20.73% 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's stock 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 guidance has Waste Connections issued on next quarter's earnings?

Waste Connections updated its first quarter 2024 earnings guidance on Friday, February, 16th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.1 billion-$2.1 billion, compared to the consensus revenue estimate of $2.1 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), Xtrackers California Municipal Bond ETF (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 variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.03%), Royal Bank of Canada (4.32%), Capital International Investors (3.74%), WCM Investment Management LLC (3.70%), Price T Rowe Associates Inc. MD (2.51%) and TD Asset Management Inc (2.22%). Insiders that own company stock include Andrea E Bertone, Brian Harris, David Eddie, Eric Hansen, James Little, Jason Craft, Patrick James Shea, Philip Rivard, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:WCN) was last updated on 3/28/2024 by MarketBeat.com Staff

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