Waste Connections (WCN) Stock Forecast, Price Target & Predictions
WCN Stock Forecast
Waste Connections stock forecast is as follows: an average price target of $166.88 (represents a -11.00% downside from WCN’s last price of $187.50) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.
WCN Price Target
The average price target for Waste Connections (WCN) is $166.88 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $196.00 to $145.00. This represents a potential -11.00% downside from WCN's last price of $187.50.
WCN Analyst Ratings
According to 11 Wall Street analysts, Waste Connections's rating consensus is 'Buy'. The analyst rating breakdown for WCN stock is 1 'Strong Buy' (9.09%), 7 'Buy' (63.64%), 3 'Hold' (27.27%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Waste Connections Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 21, 2024 | Noah Kaye | Oppenheimer | $194.00 | $181.93 | 6.64% | 3.47% |
| Jul 26, 2024 | Bryan Burgmeier | Citigroup | $190.00 | $175.66 | 8.16% | 1.33% |
| Apr 08, 2024 | Derek Spronck | RBC Capital | $196.00 | $168.01 | 16.66% | 4.53% |
| Mar 18, 2024 | Noah Kaye | Oppenheimer | $180.00 | $171.74 | 4.81% | -4.00% |
| Jul 02, 2022 | Toni Kaplan | Morgan Stanley | $160.00 | $125.32 | 27.67% | -14.67% |
| Oct 29, 2021 | Jon Windham | UBS | $150.00 | $135.52 | 10.68% | -20.00% |
| Oct 29, 2021 | Kyle White, CFA | Deutsche Bank | $145.00 | $135.52 | 7.00% | -22.67% |
| Oct 21, 2021 | Sean Eastman | KeyBanc | $146.00 | $132.48 | 10.21% | -22.13% |
| Aug 06, 2021 | Michael E. Hoffman | Stifel Nicolaus | $154.00 | $125.04 | 23.16% | -17.87% |
The latest Waste Connections stock forecast, released on Oct 21, 2024 by Noah Kaye from Oppenheimer, set a price target of $194.00, which represents a 6.64% increase from the stock price at the time of the forecast ($181.93), and a 3.47% increase from WCN last price ($187.50).
Waste Connections Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 4 |
| Avg Price Target | $194.00 | $194.00 | $190.00 |
| Last Closing Price | $187.50 | $187.50 | $187.50 |
| Upside/Downside | 3.47% | 3.47% | 1.33% |
In the current month, the average price target of Waste Connections stock is $194.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 3.47% increase as opposed to Waste Connections's last price of $187.50. This month's average price target is down 0.00% compared to last quarter, and up 2.11% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 21, 2024 | Oppenheimer | Outperform | Outperform | Hold |
| Oct 09, 2024 | Eight Capital | - | Neutral | Initialise |
| Oct 03, 2024 | Scotiabank | Hold | Sector Perform | Initialise |
| Jul 26, 2024 | Citigroup | Neutral | Neutral | Hold |
| Jul 26, 2024 | CIBC | Outperform | Outperform | Hold |
| Jul 26, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Jul 26, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Jul 26, 2024 | BMO Capital | Outperform | Outperform | Hold |
| May 23, 2024 | Deutsche Bank | - | Buy | Initialise |
| Apr 08, 2024 | RBC Capital | Outperform | Outperform | Hold |
Waste Connections's last stock rating was published by Oppenheimer on Oct 21, 2024. The company gave WCN a "Outperform" rating, the same as its previous rate.
Waste Connections Financial Forecast
Waste Connections Revenue Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.04B | - | - | $1.90B | $1.87B | $1.88B | $1.82B | $1.65B | $1.62B | $1.60B |
| Avg Forecast | $3.66B | $3.57B | $3.47B | $3.38B | $2.69B | $2.81B | $2.78B | $2.59B | $2.55B | $2.67B | $2.61B | $2.45B | $2.41B | $2.50B | $2.43B | $2.27B | $2.25B | $2.30B | $2.22B | $2.05B | $2.04B | $2.06B | $2.01B | $1.89B | $1.85B | $1.87B | $1.80B | $1.61B | $1.59B | $1.57B |
| High Forecast | $3.72B | $3.62B | $3.53B | $3.43B | $2.73B | $2.85B | $2.82B | $2.63B | $2.59B | $2.71B | $2.65B | $2.48B | $2.44B | $2.54B | $2.46B | $2.29B | $2.26B | $2.30B | $2.22B | $2.05B | $2.05B | $2.08B | $2.04B | $1.92B | $1.88B | $1.87B | $1.80B | $1.61B | $1.59B | $1.57B |
| Low Forecast | $3.63B | $3.53B | $3.44B | $3.35B | $2.66B | $2.78B | $2.75B | $2.57B | $2.53B | $2.65B | $2.59B | $2.42B | $2.38B | $2.48B | $2.40B | $2.23B | $2.23B | $2.29B | $2.22B | $2.05B | $2.03B | $2.05B | $2.00B | $1.88B | $1.83B | $1.87B | $1.80B | $1.61B | $1.59B | $1.57B |
| # Analysts | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 12 | 6 | 5 | 4 | 8 | 16 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | - | - | 1.00% | 1.01% | 1.00% | 1.01% | 1.02% | 1.02% | 1.02% |
Waste Connections's average Quarter revenue forecast for Mar 24 based on 4 analysts is $2.05B, with a low forecast of $2.05B, and a high forecast of $2.05B. WCN's average Quarter revenue forecast represents a 0.93% increase compared to the company's last Quarter revenue of $2.04B (Dec 23).
Waste Connections EBITDA Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 12 | 6 | 5 | 4 | 8 | 16 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $224.52M | - | - | $565.78M | $557.72M | $582.62M | $558.14M | $489.99M | $464.80M | $380.52M |
| Avg Forecast | $1.12B | $1.09B | $1.06B | $1.03B | $821.45M | $858.44M | $848.87M | $792.26M | $779.16M | $816.81M | $798.90M | $747.24M | $735.06M | $764.29M | $741.08M | $692.97M | $686.55M | $701.66M | $678.56M | $597.68M | $621.80M | $630.88M | $615.50M | $543.35M | $498.65M | $572.67M | $548.78M | $493.95M | $485.00M | $479.72M |
| High Forecast | $1.14B | $1.11B | $1.08B | $1.05B | $833.60M | $871.14M | $861.43M | $803.98M | $790.68M | $828.89M | $810.72M | $758.29M | $745.93M | $775.59M | $752.04M | $699.07M | $689.61M | $702.18M | $678.56M | $717.22M | $624.86M | $636.45M | $624.60M | $652.02M | $598.38M | $572.67M | $548.78M | $592.74M | $485.00M | $479.72M |
| Low Forecast | $1.11B | $1.08B | $1.05B | $1.02B | $813.65M | $850.30M | $840.82M | $784.75M | $771.77M | $809.06M | $791.32M | $740.15M | $728.09M | $757.04M | $734.05M | $680.76M | $680.03M | $701.13M | $678.56M | $478.15M | $618.73M | $625.55M | $609.66M | $434.68M | $398.92M | $572.67M | $548.78M | $395.16M | $485.00M | $479.72M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.36% | - | - | 1.04% | 1.12% | 1.02% | 1.02% | 0.99% | 0.96% | 0.79% |
4 analysts predict WCN's average Quarter EBITDA for Mar 24 to be $597.68M, with a high of $717.22M and a low of $478.15M. This is 166.21% upper than Waste Connections's previous annual EBITDA (Dec 23) of $224.52M.
Waste Connections Net Income Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 12 | 6 | 5 | 4 | 8 | 16 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $126.75M | - | - | $197.81M | $194.35M | $236.91M | $224.07M | $180.32M | $166.43M | $114.38M |
| Avg Forecast | $488.33M | $512.39M | $481.21M | $431.27M | $451.45M | $473.01M | $442.24M | $392.46M | $394.61M | $425.49M | $395.47M | $336.18M | $356.42M | $384.38M | $351.93M | $299.19M | $312.60M | $336.69M | $302.33M | $220.82M | $279.59M | $293.82M | $261.38M | $200.75M | $178.43M | $263.40M | $245.94M | $182.50M | $211.46M | $220.84M |
| High Forecast | $497.71M | $522.24M | $490.46M | $439.56M | $460.13M | $482.10M | $450.74M | $400.00M | $402.20M | $433.67M | $403.07M | $342.64M | $363.28M | $391.77M | $358.70M | $317.09M | $317.77M | $337.87M | $302.38M | $264.99M | $295.12M | $306.71M | $266.41M | $240.90M | $214.11M | $263.40M | $245.94M | $219.00M | $211.46M | $220.84M |
| Low Forecast | $482.30M | $506.07M | $475.27M | $425.95M | $445.88M | $467.17M | $436.79M | $387.61M | $389.75M | $420.24M | $390.59M | $332.03M | $352.03M | $379.63M | $347.59M | $278.74M | $304.85M | $335.50M | $302.28M | $176.66M | $269.23M | $265.47M | $258.16M | $160.60M | $142.74M | $263.40M | $245.94M | $146.00M | $211.46M | $220.84M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.45% | - | - | 0.99% | 1.09% | 0.90% | 0.91% | 0.99% | 0.79% | 0.52% |
Waste Connections's average Quarter net income forecast for Mar 24 is $220.82M, with a range of $176.66M to $264.99M. WCN's average Quarter net income forecast represents a 74.21% increase compared to the company's last Quarter net income of $126.75M (Dec 23).
Waste Connections SG&A Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 12 | 6 | 5 | 4 | 8 | 16 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $192.75M | - | - | $193.67M | $177.76M | $186.89M | $168.40M | $163.41M | $157.45M | $155.52M |
| Avg Forecast | $362.20M | $352.77M | $343.58M | $334.63M | $265.90M | $277.88M | $274.78M | $256.46M | $252.21M | $264.40M | $258.60M | $241.88M | $237.94M | $247.40M | $239.89M | $224.31M | $222.23M | $227.13M | $219.65M | $200.11M | $201.28M | $204.22M | $199.24M | $181.92M | $168.92M | $185.37M | $177.64M | $165.38M | $156.99M | $155.29M |
| High Forecast | $367.56M | $357.99M | $348.66M | $339.58M | $269.83M | $281.99M | $278.84M | $260.25M | $255.94M | $268.31M | $262.43M | $245.46M | $241.46M | $251.06M | $243.44M | $226.29M | $223.23M | $227.30M | $219.65M | $240.14M | $202.27M | $206.02M | $202.18M | $218.31M | $202.70M | $185.37M | $177.64M | $198.46M | $156.99M | $155.29M |
| Low Forecast | $358.77M | $349.42M | $340.32M | $331.46M | $263.38M | $275.24M | $272.17M | $254.02M | $249.82M | $261.89M | $256.15M | $239.59M | $235.68M | $245.05M | $237.61M | $220.36M | $220.13M | $226.96M | $219.65M | $160.09M | $200.28M | $202.49M | $197.35M | $145.54M | $135.14M | $185.37M | $177.64M | $132.31M | $156.99M | $155.29M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.96% | - | - | 1.06% | 1.05% | 1.01% | 0.95% | 0.99% | 1.00% | 1.00% |
Waste Connections's average Quarter SG&A projection for Mar 24 is $200.11M, based on 4 Wall Street analysts, with a range of $160.09M to $240.14M. The forecast indicates a 3.82% rise compared to WCN last annual SG&A of $192.75M (Dec 23).
Waste Connections EPS Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 12 | 6 | 5 | 4 | 8 | 16 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.77 | $0.76 | $0.92 | $0.87 | $0.70 | $0.64 | $0.44 |
| Avg Forecast | $1.89 | $1.98 | $1.86 | $1.67 | $1.74 | $1.83 | $1.71 | $1.52 | $1.53 | $1.64 | $1.53 | $1.30 | $1.38 | $1.49 | $1.36 | $1.16 | $1.21 | $1.30 | $1.17 | $1.00 | $1.08 | $1.14 | $1.01 | $0.87 | $0.88 | $1.02 | $0.95 | $0.83 | $0.82 | $0.85 |
| High Forecast | $1.92 | $2.02 | $1.90 | $1.70 | $1.78 | $1.86 | $1.74 | $1.55 | $1.55 | $1.68 | $1.56 | $1.32 | $1.40 | $1.51 | $1.39 | $1.23 | $1.23 | $1.31 | $1.17 | $1.00 | $1.14 | $1.19 | $1.03 | $0.89 | $0.89 | $1.02 | $0.95 | $0.83 | $0.82 | $0.85 |
| Low Forecast | $1.86 | $1.96 | $1.84 | $1.65 | $1.72 | $1.81 | $1.69 | $1.50 | $1.51 | $1.62 | $1.51 | $1.28 | $1.36 | $1.47 | $1.34 | $1.08 | $1.18 | $1.30 | $1.17 | $1.00 | $1.04 | $1.03 | $1.00 | $0.86 | $0.87 | $1.02 | $0.95 | $0.83 | $0.82 | $0.85 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.88% | 0.87% | 0.90% | 0.91% | 0.84% | 0.78% | 0.52% |
According to 8 Wall Street analysts, Waste Connections's projected average Quarter EPS for Jun 23 is $1.01, with a low estimate of $1.00 and a high estimate of $1.03. This represents a 31.19% increase compared to WCN previous annual EPS of $0.77 (Mar 23).
Waste Connections Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| MEG | Montrose Environmental Group | $22.00 | $49.33 | 124.23% | Buy |
| CWST | Casella Waste Systems | $109.88 | $119.25 | 8.53% | Buy |
| GFL | GFL Environmental | $44.75 | $45.75 | 2.23% | Buy |
| RSG | Republic Services | $214.68 | $201.36 | -6.20% | Buy |
| SRCL | Stericycle | $61.98 | $56.33 | -9.12% | Hold |
| WM | Waste Management | $225.68 | $201.50 | -10.71% | Buy |
| WCN | Waste Connections | $187.50 | $166.88 | -11.00% | Buy |
| CLH | Clean Harbors | $259.09 | $205.38 | -20.73% | Buy |