WCN

Add to Watchlist

Advanced Chart

0.000

0(0.000%)1D

Overview
Forecast
Valuation
Earnings

High

190.725

Open

189.870

VWAP

187.30

Vol

1.67M

Mkt Cap

48.06B

Low

186.320

Amount

311.93M

EV/EBITDA(TTM)

19.21

Total Shares

257.96M

57.21B

EV/OCF(TTM)

24.80

P/S(TTM)

5.31

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.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q3

FY2025Q4

FY2026Q1

2.45B

+4.96%

1.384

+2.51%

2.38B

+5.29%

1.303

+12.33%

2.38B

+6.78%

1.259

+11.43%

Estimates Revision

The market is revising Downward the revenue expectations for Waste Connections, Inc. (WCN) for FY2025, with the revenue forecasts being adjusted by -0.03% over the past three months. During the same period, the stock price has changed by -4.85%.

Revenue Estimates for FY2025

Revise Downward

-0.03%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-0.11%

In Past 3 Month

Stock Price

Go Down

-4.85%

In Past 3 Month

15 Analyst Rating

14.95% Upside

Wall Street analysts forecast WCN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WCN is 214.58 USD with a low forecast of 202.00 USD and a high forecast of 227.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

12 Buy

3 Hold

0 Sell

Strong Buy

14.95% Upside

Current: 186.670

Low

202.00

Averages

214.58

High

227.00

14.95% Upside

Current: 186.670

Low

202.00

Averages

214.58

High

227.00

Citi

Neutral

downgrade

$208 -> $204

2025-07-28

New

Reason

Citi

Price Target

$208 -> $204

2025-07-28

New

downgrade

Neutral

Reason

Citi lowered the firm's price target on Waste Connections to $204 from $208 and keeps a Neutral rating on the shares. The firm reduced 2026 estimates post the Q2 report.

RBC Capital

Outperform

maintain

$221 -> $219

2025-07-25

Reason

RBC Capital

Price Target

$221 -> $219

2025-07-25

maintain

Outperform

Reason

RBC Capital lowered the firm's price target on Waste Connections to $219 from $221 and keeps an Outperform rating on the shares. Waste Connections reported Q2 results modestly ahead of Street forecasts, while 2025 guidance was revised to the low-end of the previous range, the analyst tells investors in a research note. The primary drivers remain intact looking ahead, with the outlook for M&A in the second half and beyond remaining positive, RBC says.

Oppenheimer

Outperform

maintain

$218 -> $210

2025-07-25

Reason

Oppenheimer

Price Target

$218 -> $210

2025-07-25

maintain

Outperform

Reason

Oppenheimer lowered the firm's price target on Waste Connections to $210 from $218 and keeps an Outperform rating on the shares. The firm notes shares traded up Thursday after Waste Connections beat Q2 top/bottom-line consensus estimates on solid waste outperformance and narrowed FY25 guidance to low end of prior range. While macro trends remain underwhelming, remarking of guidance to softer commodity/E&P/macro could be a clearing event for the shares. Moving forward, Oppenheimer sees continued solid waste price-cost runway from improved safety/labor retention and productivity initiatives; a robust M&A pipeline that could support subsequent positive estimate revisions; resumption of opportunistic buybacks providing a bullish signal; and potential regulatory relief easing Chiquita overhang.

Scotiabank

Sector Perform

maintain

$202 -> $208

2025-07-25

Reason

Scotiabank

Price Target

$202 -> $208

2025-07-25

maintain

Sector Perform

Reason

Scotiabank raised the firm's price target on Waste Connections to $208 from $202 and keeps a Sector Perform rating on the shares. While Q2 topped guidance and expectations, management moved guidance to the low-end considering pressures from commodities and cyclical volumes, the analyst tells investors.

CIBC

Kevin Chiang

Outperformer

maintain

$212 -> $215

2025-07-25

Reason

CIBC

Kevin Chiang

Price Target

$212 -> $215

2025-07-25

maintain

Outperformer

Reason

CIBC analyst Kevin Chiang raised the firm's price target on Waste Connections to $215 from $212 and keeps an Outperformer rating on the shares. Waste Connections' Q2 results directly addressed concerns heading into the print, and highlighted the strength of the company's underlying business, while reaffirming that its expectations around Chiquita are unchanged, the analyst tells investors in a research note. The company's results highlight the resiliency in Waste Connections' business model even in the face of unexpected headwinds, CIBC says.

Raymond James

Strong Buy

downgrade

$224 -> $211

2025-07-22

Reason

Raymond James

Price Target

$224 -> $211

2025-07-22

downgrade

Strong Buy

Reason

Raymond James lowered the firm's price target on Waste Connections to $211 from $224 and keeps a Strong Buy rating on the shares. This quarter should largely play out with "limited fireworks" with a "meet and hold" type set up regarding Q2 and full year EBITDA, the analyst tells investors in a research note. Most in the firm's waste coverage should hold their guides at an EBITDA level, but given the passage of the One Big Beautiful Bill and the impending impact from higher bonus depreciation, free cash flow guidance is likely to move higher.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Waste Connections Inc (WCN.N) is 34.79, compared to its 5-year average forward P/E of 34.17. For a more detailed relative valuation and DCF analysis to assess Waste Connections Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

34.17

Current PE

34.79

Overvalued PE

36.49

Undervalued PE

31.84

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

17.34

Current EV/EBITDA

17.60

Overvalued EV/EBITDA

18.35

Undervalued EV/EBITDA

16.33

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

4.73

Current PS

4.98

Overvalued PS

5.10

Undervalued PS

4.36