NYSE:WCN

Waste Connections (WCN) Stock Price, News & Analysis

$163.53
-1.65 (-1.00%)
(As of 04/26/2024 ET)
Today's Range
$162.91
$165.40
50-Day Range
$164.38
$172.12
52-Week Range
$126.12
$173.02
Volume
1.09 million shs
Average Volume
915,341 shs
Market Capitalization
$42.19 billion
P/E Ratio
53.09
Dividend Yield
0.70%
Price Target
$178.87

Waste Connections MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
9.7% Upside
$179.33 Price Target
Short Interest
Healthy
0.43% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.10
Upright™ Environmental Score
News Sentiment
0.42mentions of Waste Connections in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$152,591 Sold Last Quarter
Proj. Earnings Growth
13.61%
From $4.85 to $5.51 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.

4.48 out of 5 stars

Business Services Sector

27th out of 310 stocks

Refuse Systems Industry

3rd out of 7 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

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The SIX WORDS That Could Destroy America... And The Value of Your Savings. He predicted the dangerous rise of inflation... the death of the 60/40 portfolio... and now, this 40-year market veteran and retirement expert is stepping forward with a new must-see warning for every American. It involves the world's most powerful investors, central bankers, and America's most bitter geopolitical rivals.
Waste Connections Inc
3 High-Flying TSX Stocks That Could Keep on Climbing
Move Your Money Before May 22
The SIX WORDS That Could Destroy America... And The Value of Your Savings. He predicted the dangerous rise of inflation... the death of the 60/40 portfolio... and now, this 40-year market veteran and retirement expert is stepping forward with a new must-see warning for every American. It involves the world's most powerful investors, central bankers, and America's most bitter geopolitical rivals.
WCN Mar 2024 130.000 call
14 Best Canadian Stocks To Buy and Hold In 2024
Waste Connections Announces Senior Notes Offering
See More Headlines
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Company Calendar

Ex-Dividend for 3/13 Dividend
2/27/2024
Dividend Payable
3/13/2024
Last Earnings
4/24/2024
Today
4/26/2024
Ex-Dividend for 5/23 Dividend
5/07/2024
Dividend Payable
5/23/2024
Next Earnings (Estimated)
8/07/2024
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
$178.87
High Stock Price Target
$217.00
Low Stock Price Target
$152.00
Potential Upside/Downside
+9.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
16 Analysts

Profitability

Net Income
$762.80 million
Pretax Margin
12.26%

Debt

Sales & Book Value

Annual Sales
$8.02 billion
Cash Flow
$8.00 per share
Book Value
$29.88 per share

Miscellaneous

Free Float
257,219,000
Market Cap
$42.26 billion
Optionable
Optionable
Beta
0.66

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

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 socially conscious investors.
  • With a diversified 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.
  • Recent developments in waste management regulations and increased awareness of environmental issues have created opportunities for Waste Connections, Inc. to expand its services and potentially increase profitability.
  • Investors may find the current stock price of Waste Connections, Inc. attractive, considering the company's strong market position and growth potential in the waste management industry.

Cons

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

  • As with any company operating in the waste management sector, Waste Connections, Inc. may face regulatory challenges and compliance costs that could impact its profitability.
  • Fluctuations in commodity prices, especially for recyclable materials like cardboard and metals, can affect the company's revenue and margins, posing a risk to investors.
  • Competition in the waste management industry is intense, with both established players and new entrants vying for market share, potentially leading to pricing pressures and reduced profitability for Waste Connections, Inc.
  • Macroeconomic factors such as economic downturns or changes in consumer behavior can influence the demand for waste management services, affecting Waste Connections, Inc.'s financial performance.
  • Investors should carefully consider the potential impact of any future environmental regulations or shifts in waste management practices on Waste Connections, Inc.'s operations and bottom line.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 6, 2024. Please send any questions or comments about these Waste Connections pros and cons to contact@marketbeat.com.

WCN Stock Analysis - Frequently Asked Questions

Should I buy or sell Waste Connections stock right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Waste Connections in the last twelve months. There are currently 5 hold ratings, 10 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?

16 brokerages have issued 12-month price objectives for Waste Connections' stock. Their WCN share price targets range from $152.00 to $217.00. On average, they predict the company's share price to reach $179.33 in the next year. This suggests a possible upside of 9.7% 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 2024?

Waste Connections' stock was trading at $149.27 on January 1st, 2024. Since then, WCN stock has increased by 9.5% and is now trading at $163.48.
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 presently 1.4 days. Approximately 0.5% of the shares of the stock 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, August 7th 2024.
View our WCN earnings forecast
.

How were Waste Connections' earnings last quarter?

Waste Connections, Inc. (NYSE:WCN) released its quarterly earnings data on Wednesday, April, 24th. The business services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.02. The business services provider earned $2.07 billion during the quarter, compared to analysts' expectations of $2.05 billion. Waste Connections had a trailing twelve-month return on equity of 14.76% and a net margin of 9.70%. The firm's quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 EPS.

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

Waste Connections announced a quarterly dividend on Wednesday, April 24th. Investors of record on Wednesday, May 8th will be paid a dividend of $0.285 per share on Thursday, May 23rd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Tuesday, May 7th.
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 0.69%. 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 37.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WCN will have a dividend payout ratio of 20.69% 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 Monday, June 19th 2017. The 3-2 split was announced on Wednesday, April 26th 2017. The newly issued shares were payable 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 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 number of institutional and retail investors. Top institutional shareholders include WCM Investment Management LLC (3.64%), Sumitomo Mitsui Trust Holdings Inc. (0.27%), Raymond James & Associates (0.15%), Allspring Global Investments Holdings LLC (0.13%), Addenda Capital Inc. (0.07%) and Harvey Investment Co. LLC (0.06%). 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 4/26/2024 by MarketBeat.com Staff

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