Stock Price & Analysis

Based on the provided data and current market conditions, here's a concise analysis of WCN stock:

Technical Analysis The stock is currently trading at $177.71, showing a decline of -0.94% in the last regular trading session. The RSI-14 reading of 51.36 indicates neutral momentum, while the stock is trading below its 60-day SMA of $180.73, suggesting some near-term weakness.

Analyst Consensus Recent analyst ratings strongly favor buying WCN:

• Jefferies maintains Strong Buy with $210 target (17.06% upside)
• Morgan Stanley maintains Buy with $214 target (16.15% upside)
• Stifel reiterates Strong Buy with $212 target (14.69% upside)
• CIBC maintains Buy with $215 target (12.98% upside)

Key Support/Resistance Levels Based on Fibonacci analysis:

• Resistance levels: R1: $180.14, R2: $181.88, R3: $184.69
• Support levels: S1: $174.52, S2: $172.78, S3: $169.97
• Pivot point: $177.33

The stock appears to be consolidating near its pivot point, with strong analyst support suggesting upside potential. The technical setup indicates a potential buying opportunity if the stock can break above the first resistance level at $180.14, while current price levels offer a favorable entry point given the strong fundamental outlook and analyst consensus.

Based on the technical analysis and market data, WCN stock is projected to reach $195-200 by end of 2025, driven by strong fundamentals and continued growth in waste management sector. The RSI of 51.36 indicates a neutral momentum with potential upside, while the current price of $177.71 suggests room for growth towards the Fibonacci resistance levels of $180.14 and $181.88.

The company's solid business model in essential services and positive analyst ratings support this bullish outlook, with recent institutional activity showing increased interest in the stock.

The S1 support level for WCN Stock is $174.52 ,The R1 resistant level for WCN Stock is $180.14.

As of the end of day on 2025-01-24, the price of WCN Stock was $177.71.

The target price for WCN Stock according to analyst rating is 202.88, with the highest price target at 225.00 and the lowest at 181.20. Analysts have a Strong Buy rating on WCN Stock overall.

The market cap of WCN is $45.9B.

Based on the provided data and analysis, here is a direct assessment of WCN's valuation:

WCN appears to be overvalued based on multiple key metrics and recent analyst assessments. The stock's PE ratio of 49.15 for Q3 2024 is significantly above industry averages, even though it has shown some improvement from 55.89 in Q1 2024.

The EV/EBITDA multiple of 19.55 remains elevated compared to historical waste management industry standards, suggesting premium pricing.

Recent analyst actions reflect this valuation concern, with Jefferies lowering their price target from $225 to $210 on January 23, 2025, though maintaining a Strong Buy rating due to healthy pricing and margin expectations.

The company's price-to-sales ratio of 5.31 indicates investors are paying a substantial premium for each dollar of revenue, which is historically high for the waste management sector.

Waste Connections, Inc. is an integrated solid waste services company. It provides non-hazardous waste collection, transfer and disposal services, including by rail, along with resource recovery primarily through recycling and renewable fuels generation. Its segments include Western, Southern, Eastern, Central, Canada and MidSouth. It serves approximately nine million residential, commercial and industrial customers in secondary markets across 46 states in the U.S. and six provinces in Canada. It also provides non-hazardous oilfield waste treatment, recovery and disposal services in several basins across the U.S. and Canada, as well as intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest. Its residential services include garbage pickup, yard waste, recycling, dumpster rental, bulk pickup, and portable toilets. Its commercial services include business waste collection, commercial recycling, shredding, roll off dumpster rental, and others.

Based on the provided data and market analysis, here's a projection for WCN stock price in 2030:

WCN stock is expected to reach approximately $285-295 by 2030, driven by the company's strong market position in the waste management industry and consistent growth trajectory. The steady upward trend shown in historical data suggests continued momentum in the sector. The company's high rating of 77% from Validea's P/B Growth Investor model indicates strong fundamentals supporting long-term growth potential.

This projection considers WCN's current price of $177.71 and implies a compound annual growth rate (CAGR) of roughly 8.2%, which aligns with the company's historical performance and industry growth patterns.

Note: This prediction is based on current market conditions and historical trends. Market conditions can change significantly over time.

WCN has a total of 22539 employees.