Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Waste Connections (NYSE:WCN) Stock

Waste Connections (NYSE:WCN) had its price target lifted by stock analysts at Deutsche Bank Aktiengesellschaft from $191.00 to $205.00 in a note issued to investors on Friday. The firm presently has a “buy” rating on the business services provider’s stock. Deutsche Bank Aktiengesellschaft‘s price objective indicates a potential upside of 9.93% from the stock’s previous close.

Other research analysts have also issued reports about the company. Raymond James Financial set a $189.00 price target on Waste Connections in a research report on Friday, October 9th. JPMorgan Chase & Co. dropped their price objective on Waste Connections from $195.00 to $180.00 and set an “overweight” rating for the company in a report on Thursday, October 8th. Morgan Stanley reissued an “overweight” rating and issued a $200.00 target price (up from $195.00) on shares of Waste Connections in a research note on Friday. UBS Group raised Waste Connections from a “neutral” rating to a “buy” rating and increased their target price for the company from $176.00 to $200.00 in a research note on Friday, September 18th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $207.00 target price (up from $184.00) on shares of Waste Connections in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Waste Connections currently has a consensus rating of “Moderate Buy” and an average price target of $202.39.

Waste Connections Trading Up 0.9%

NYSE:WCN traded up $1.60 on Friday, hitting $186.48. 2,513,468 shares of the stock were exchanged, compared to its average volume of 1,583,529. The stock has a market capitalization of $46.72 billion, a price-to-earnings ratio of 44.93, a P/E/G ratio of 2.95 and a beta of 0.49. Waste Connections has a 52 week low of $146.89 and a 52 week high of $187.27. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.66 and a current ratio of 0.66. The company’s 50-day moving average price is $161.34 and its 200 day moving average price is $161.56.

Waste Connections (NYSE:WCN) last issued its earnings results on Wednesday, October 21st. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.06. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.60 billion. Waste Connections had a net margin of 11.40% and a return on equity of 17.65%. The company’s revenue for the quarter was up 23.8% compared to the same quarter last year. On average, equities research analysts forecast that Waste Connections will post 5.65 earnings per share for the current year.

Insider Buying and Selling at Waste Connections

In related news, SVP Robert Cloninger sold 2,811 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $171.02, for a total transaction of $480,737.22. Following the sale, the senior vice president owned 11,666 shares of the company’s stock, valued at approximately $1,995,119.32. This trade represents a 19.42% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Philip Rivard sold 2,500 shares of Waste Connections stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $166.57, for a total value of $416,425.00. Following the transaction, the senior vice president owned 734 shares in the company, valued at $122,262.38. This trade represents a 77.30% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.27% of the stock is owned by insiders.

Institutional Investors Weigh In On Waste Connections

A number of hedge funds and other institutional investors have recently bought and sold shares of WCN. XXEC Inc. acquired a new stake in shares of Waste Connections in the second quarter valued at approximately $164,870,000. Royal Bank of Canada boosted its holdings in Waste Connections by 0.9% during the first quarter. Royal Bank of Canada now owns 12,210,661 shares of the business services provider’s stock worth $1,983,500,000 after purchasing an additional 106,763 shares during the last quarter. BlackRock Inc. acquired a new position in Waste Connections during the second quarter worth $1,061,947,000. The Manufacturers Life Insurance Company boosted its holdings in Waste Connections by 48.7% during the first quarter. The Manufacturers Life Insurance Company now owns 3,724,204 shares of the business services provider’s stock worth $604,573,000 after purchasing an additional 1,219,056 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in Waste Connections in the second quarter valued at $510,526,000. Institutional investors and hedge funds own 86.09% of the company’s stock.

Key Stories Impacting Waste Connections

Here are the key news stories impacting Waste Connections this week:

• Positive Sentiment: Q3 earnings beat expectations and outlook was raised. Waste Connections reported adjusted earnings of $1.58 per share versus the $1.52 consensus estimate and revenue of $2.64 billion, above expectations of approximately $2.60 billion. Management cited improving landfill volumes, stronger operational execution and commodity-related revenue, and raised its full-year outlook. Waste Connections Reports Third Quarter 2026 Results and Raises Full Year Outlook
• Positive Sentiment: Profitability and cash generation improved. Reported results included year-over-year growth in revenue, operating profit and net income, while operating cash flow reached approximately $692 million. Acquisitions are also contributing to profit growth and supporting shareholder returns. Why Waste Connections Stock Is Up Today
• Positive Sentiment: Dividend increased 10%. The quarterly payout rose to $0.385 per share from $0.350, or $1.54 annualized. The dividend is payable November 19 to shareholders of record November 5, signaling confidence in recurring cash flow. Waste Connections Announces 10.0% Increase in Quarterly Dividend
• Positive Sentiment: Analysts raised their targets. Deutsche Bank increased its target to $205 and maintained a Buy rating; Wells Fargo raised its target to $211 with an Overweight rating; and Scotiabank lifted its target to $201 with a Sector Outperform rating. These targets imply additional upside from recent trading levels. Deutsche Bank Adjusts Waste Connections Price Target
• Neutral Sentiment: Insider activity has been predominantly selling over the past six months, although CEO Ronald Mittelstaedt reportedly purchased 50,000 shares. Institutional ownership changes were mixed, with several major investors both adding and reducing positions.

Waste Connections Company Profile

Waste Connections, Inc is a North American provider of solid waste collection, transfer, disposal and recycling services. The company serves residential, commercial, industrial and construction customers, offering scheduled and on-demand collection as well as waste management solutions tailored to municipalities and businesses.

Its operations include local collection fleets, transfer stations, recycling and resource-recovery facilities, and landfills. Waste Connections also provides non-hazardous oilfield waste services, including the collection, transportation, treatment and disposal of waste generated by energy-production activities.

Founded in 1997, Waste Connections has grown through a combination of internal development and acquisitions.