Waste Connections (WCN) Stock Forecast, Price Target & Predictions
WCN Stock Forecast
Waste Connections stock forecast is as follows: an average price target of $165.13 (represents a -11.07% downside from WCN’s last price of $185.68) and a rating consensus of 'Buy', based on 9 wall street analysts offering a 1-year stock forecast.
WCN Price Target
The average price target for Waste Connections (WCN) is $165.13 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $196.00 to $145.00. This represents a potential -11.07% downside from WCN's last price of $185.68.
WCN Analyst Ratings
According to 9 Wall Street analysts, Waste Connections's rating consensus is 'Buy'. The analyst rating breakdown for WCN stock is 1 'Strong Buy' (11.11%), 6 'Buy' (66.67%), 2 'Hold' (22.22%), 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 |
|---|---|---|---|---|---|---|
| Jul 26, 2024 | Bryan Burgmeier | Citigroup | $190.00 | $175.66 | 8.16% | 2.33% |
| Apr 08, 2024 | Derek Spronck | RBC Capital | $196.00 | $168.01 | 16.66% | 5.56% |
| Mar 18, 2024 | Noah Kaye | Oppenheimer | $180.00 | $171.74 | 4.81% | -3.06% |
| Jul 02, 2022 | Toni Kaplan | Morgan Stanley | $160.00 | $125.32 | 27.67% | -13.83% |
| Oct 29, 2021 | Jon Windham | UBS | $150.00 | $135.52 | 10.68% | -19.22% |
| Oct 29, 2021 | Kyle White, CFA | Deutsche Bank | $145.00 | $135.52 | 7.00% | -21.91% |
| Oct 21, 2021 | Sean Eastman | KeyBanc | $146.00 | $132.48 | 10.21% | -21.37% |
| Aug 06, 2021 | Michael E. Hoffman | Stifel Nicolaus | $154.00 | $125.04 | 23.16% | -17.06% |
The latest Waste Connections stock forecast, released on Jul 26, 2024 by Bryan Burgmeier from Citigroup, set a price target of $190.00, which represents a 8.16% increase from the stock price at the time of the forecast ($175.66), and a 2.33% increase from WCN last price ($185.68).
Waste Connections Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 3 |
| Avg Price Target | - | $190.00 | $188.67 |
| Last Closing Price | $185.68 | $185.68 | $185.68 |
| Upside/Downside | -100.00% | 2.33% | 1.61% |
In the current month, the average price target of Waste Connections stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Waste Connections's last price of $185.68. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| 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 |
| Feb 15, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Feb 15, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Jan 18, 2024 | Citigroup | Neutral | Neutral | Hold |
Waste Connections's last stock rating was published by Citigroup on Jul 26, 2024. The company gave WCN a "Neutral" 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.04B | - | - | $1.90B | $1.87B | $1.88B | - | $1.65B | $1.62B | $1.60B |
| Avg Forecast | $3.61B | $3.52B | $3.43B | $3.34B | $3.25B | $3.17B | $3.09B | $3.00B | $2.57B | $2.62B | $2.55B | $2.45B | $2.43B | $2.46B | $2.41B | $2.26B | $2.25B | $2.29B | $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 | $3.64B | $3.55B | $3.45B | $3.36B | $3.28B | $3.19B | $3.11B | $3.03B | $2.59B | $2.63B | $2.57B | $2.46B | $2.44B | $2.48B | $2.43B | $2.28B | $2.27B | $2.30B | $2.24B | $2.07B | $2.05B | $2.08B | $2.03B | $1.91B | $1.87B | $1.89B | $1.80B | $1.63B | $1.61B | $1.59B |
| Low Forecast | $3.57B | $3.48B | $3.39B | $3.30B | $3.21B | $3.13B | $3.05B | $2.97B | $2.54B | $2.59B | $2.52B | $2.42B | $2.40B | $2.43B | $2.38B | $2.24B | $2.22B | $2.28B | $2.19B | $2.03B | $2.03B | $2.05B | $1.99B | $1.87B | $1.83B | $1.85B | $1.80B | $1.60B | $1.58B | $1.56B |
| # Analysts | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 12 | 6 | 4 | 8 | 16 | 8 | 9 | 12 | 7 | 7 | 9 | 14 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | - | - | 1.00% | 1.01% | 1.00% | - | 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 $2.03B, and a high forecast of $2.07B. 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 12 | 6 | 4 | 8 | 16 | 8 | 9 | 12 | 7 | 7 | 9 | 14 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $224.52M | - | - | $565.78M | $557.72M | $582.62M | - | $489.99M | $464.80M | $380.52M |
| Avg Forecast | $1.10B | $1.08B | $1.05B | $1.02B | $993.65M | $967.77M | $942.57M | $918.02M | $786.64M | $799.28M | $779.91M | $747.11M | $741.17M | $752.71M | $736.56M | $691.00M | $687.23M | $700.57M | $678.56M | $597.68M | $621.80M | $630.88M | $615.50M | $543.35M | $565.73M | $403.97M | $548.78M | $493.95M | $453.32M | $367.25M |
| High Forecast | $1.11B | $1.08B | $1.06B | $1.03B | $1.00B | $974.78M | $949.40M | $924.67M | $792.34M | $805.07M | $785.56M | $752.53M | $746.54M | $758.16M | $741.90M | $696.01M | $692.21M | $703.63M | $683.47M | $717.22M | $624.86M | $636.45M | $619.96M | $652.02M | $569.83M | $484.76M | $548.78M | $592.74M | $543.98M | $440.70M |
| Low Forecast | $1.09B | $1.06B | $1.04B | $1.01B | $981.98M | $956.41M | $931.50M | $907.24M | $777.40M | $789.89M | $770.75M | $738.34M | $732.47M | $743.87M | $727.91M | $682.89M | $679.16M | $697.51M | $670.59M | $478.15M | $618.73M | $625.55M | $608.27M | $434.68M | $559.09M | $323.18M | $548.78M | $395.16M | $362.65M | $293.80M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.36% | - | - | 1.04% | 0.99% | 1.44% | - | 0.99% | 1.03% | 1.04% |
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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 12 | 6 | 4 | 8 | 16 | 8 | 9 | 12 | 7 | 7 | 9 | 14 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $126.75M | - | - | $197.81M | $194.35M | $236.91M | - | $180.32M | $166.43M | $114.38M |
| Avg Forecast | $494.84M | $511.99M | $482.64M | $427.12M | $456.94M | $471.93M | $443.49M | $389.99M | $408.91M | $425.95M | $386.05M | $340.60M | $366.97M | $384.78M | $351.54M | $302.08M | $326.07M | $333.94M | $302.11M | $220.82M | $279.38M | $293.60M | $261.19M | $200.75M | $226.71M | $121.43M | $245.86M | $182.50M | $162.20M | $110.39M |
| High Forecast | $499.50M | $516.81M | $487.18M | $431.15M | $461.24M | $476.38M | $447.67M | $393.67M | $412.77M | $429.96M | $389.68M | $343.81M | $370.42M | $388.41M | $354.85M | $304.93M | $329.14M | $336.49M | $304.95M | $264.99M | $294.90M | $306.48M | $263.65M | $240.90M | $228.84M | $145.72M | $245.86M | $219.00M | $194.65M | $132.47M |
| Low Forecast | $487.29M | $504.17M | $475.27M | $420.60M | $449.96M | $464.73M | $436.72M | $384.04M | $402.67M | $419.45M | $380.16M | $335.40M | $361.37M | $378.91M | $346.17M | $297.47M | $321.09M | $328.84M | $297.49M | $176.66M | $269.03M | $265.27M | $257.20M | $160.60M | $223.25M | $97.14M | $245.86M | $146.00M | $129.76M | $88.31M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.45% | - | - | 0.99% | 0.86% | 1.95% | - | 0.99% | 1.03% | 1.04% |
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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 12 | 6 | 4 | 8 | 16 | 8 | 9 | 12 | 7 | 7 | 9 | 14 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $192.75M | - | - | $193.67M | $177.76M | $186.89M | - | $163.41M | $157.45M | $155.52M |
| Avg Forecast | $357.45M | $348.14M | $339.07M | $330.24M | $321.64M | $313.27M | $305.11M | $297.16M | $254.63M | $258.73M | $252.46M | $241.84M | $239.92M | $243.65M | $238.42M | $223.68M | $222.46M | $226.77M | $219.65M | $200.11M | $201.28M | $204.22M | $199.24M | $181.92M | $183.13M | $165.10M | $177.64M | $165.38M | $153.56M | $150.09M |
| High Forecast | $360.04M | $350.66M | $341.53M | $332.64M | $323.97M | $315.54M | $307.32M | $299.32M | $256.48M | $260.60M | $254.29M | $243.59M | $241.66M | $245.42M | $240.15M | $225.30M | $224.07M | $227.76M | $221.24M | $240.14M | $202.27M | $206.02M | $200.68M | $218.31M | $184.45M | $198.13M | $177.64M | $198.46M | $184.28M | $180.11M |
| Low Forecast | $353.25M | $344.05M | $335.09M | $326.37M | $317.87M | $309.59M | $301.53M | $293.67M | $251.64M | $255.69M | $249.49M | $239.00M | $237.10M | $240.79M | $235.63M | $221.05M | $219.84M | $225.78M | $217.07M | $160.09M | $200.28M | $202.49M | $196.90M | $145.54M | $180.98M | $132.08M | $177.64M | $132.31M | $122.85M | $120.08M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.96% | - | - | 1.06% | 0.97% | 1.13% | - | 0.99% | 1.03% | 1.04% |
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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 12 | 6 | 4 | 8 | 16 | 8 | 9 | 12 | 7 | 7 | 9 | 14 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.77 | $0.76 | $0.92 | - | $0.70 | $0.64 | $0.44 |
| Avg Forecast | $1.91 | $1.98 | $1.87 | $1.65 | $1.77 | $1.83 | $1.72 | $1.51 | $1.58 | $1.65 | $1.49 | $1.32 | $1.42 | $1.49 | $1.36 | $1.17 | $1.26 | $1.29 | $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 | $1.93 | $2.00 | $1.88 | $1.67 | $1.78 | $1.84 | $1.73 | $1.52 | $1.60 | $1.66 | $1.51 | $1.33 | $1.43 | $1.50 | $1.37 | $1.18 | $1.27 | $1.30 | $1.18 | $1.01 | $1.14 | $1.19 | $1.02 | $0.88 | $0.89 | $1.03 | $0.95 | $0.84 | $0.83 | $0.87 |
| Low Forecast | $1.88 | $1.95 | $1.84 | $1.63 | $1.74 | $1.80 | $1.69 | $1.49 | $1.56 | $1.62 | $1.47 | $1.30 | $1.40 | $1.47 | $1.34 | $1.15 | $1.24 | $1.27 | $1.15 | $0.99 | $1.04 | $1.03 | $0.99 | $0.86 | $0.86 | $1.00 | $0.95 | $0.82 | $0.81 | $0.85 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.88% | 0.87% | 0.90% | - | 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 $0.99 and a high estimate of $1.02. 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 | $29.16 | $52.50 | 80.04% | Buy |
| GFL | GFL Environmental | $40.03 | $44.90 | 12.17% | Buy |
| CWST | Casella Waste Systems | $108.06 | $112.00 | 3.65% | Strong Buy |
| SRCL | Stericycle | $61.71 | $56.33 | -8.72% | Hold |
| WM | Waste Management | $208.05 | $187.69 | -9.79% | Buy |
| WCN | Waste Connections | $185.68 | $165.13 | -11.07% | Buy |
| RSG | Republic Services | $205.79 | $180.50 | -12.29% | Buy |
| CLH | Clean Harbors | $243.97 | $197.13 | -19.20% | Buy |
WCN Forecast FAQ
Is Waste Connections a good buy?
Yes, according to 9 Wall Street analysts, Waste Connections (WCN) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 6 'Buy' recommendations, accounting for 77.78% of WCN's total ratings.
What is WCN's price target?
Waste Connections (WCN) average price target is $165.13 with a range of $145 to $196, implying a -11.07% from its last price of $185.68. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Waste Connections stock go up soon?
According to Wall Street analysts' prediction for WCN stock, the company can go down by -11.07% (from the last price of $185.68 to the average price target of $165.13), up by 5.56% based on the highest stock price target, and down by -21.91% based on the lowest stock price target.
Can Waste Connections stock reach $300?
WCN's average twelve months analyst stock price target of $165.13 does not support the claim that Waste Connections can reach $300 in the near future.
What are Waste Connections's analysts' financial forecasts?
Waste Connections's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $12.51B (high $12.6B, low $12.36B), average EBITDA is $3.82B (high $3.85B, low $3.78B), average net income is $1.76B (high $1.78B, low $1.74B), average SG&A $1.24B (high $1.25B, low $1.22B), and average EPS is $6.82 (high $6.88, low $6.71). WCN's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $13.9B (high $14B, low $13.74B), average EBITDA is $4.25B (high $4.28B, low $4.2B), average net income is $1.92B (high $1.93B, low $1.89B), average SG&A $1.37B (high $1.38B, low $1.36B), and average EPS is $7.41 (high $7.48, low $7.3).
Did the WCN's actual financial results beat the analysts' financial forecasts?
Based on Waste Connections's last annual report (Dec 2023), the company's revenue was $8.02B, beating the average analysts forecast of $8.01B by 0.16%. Apple's EBITDA was $1.24B, missing the average prediction of $2.41B by -48.73%. The company's net income was $762.8M, missing the average estimation of $1.03B by -26.29%. Apple's SG&A was $799.12M, beating the average forecast of $786.65M by 1.59%. Lastly, the company's EPS was $0, missing the average prediction of $4.1 by -100.00%. In terms of the last quarterly report (Dec 2023), Waste Connections's revenue was $2.04B, beating the average analysts' forecast of $2.04B by 0.02%. The company's EBITDA was $224.52M, missing the average prediction of $621.8M by -63.89%. Waste Connections's net income was $126.75M, missing the average estimation of $279.38M by -54.63%. The company's SG&A was $192.75M, missing the average forecast of $201.28M by -4.23%. Lastly, the company's EPS was $0, missing the average prediction of $1.08 by -100.00%