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

Waste Connections (NYSE:WCN) had its price objective upped by Deutsche Bank Aktiengesellschaft from $191.00 to $205.00 in a report released on Friday. The firm presently has a “buy” rating on the business services provider’s stock. Deutsche Bank Aktiengesellschaft‘s price objective points to a potential upside of 9.93% from the stock’s current price.

A number of other brokerages have also recently issued reports on WCN. JPMorgan Chase & Co. dropped their price objective on Waste Connections from $195.00 to $180.00 and set an “overweight” rating on the stock in a research note on Thursday, October 8th. Citigroup reissued a “neutral” rating and issued a $192.00 target price (up from $175.00) on shares of Waste Connections in a research note on Friday. Morgan Stanley reaffirmed an “overweight” rating and set a $200.00 price target (up from $195.00) on shares of Waste Connections in a research report on Friday. UBS Group upgraded shares of Waste Connections from a “neutral” rating to a “buy” rating and increased their price target for the company from $176.00 to $200.00 in a research note on Friday, September 18th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $207.00 price objective (up from $184.00) on shares of Waste Connections in a research report on Friday. One investment 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.com, Waste Connections presently has an average rating of “Moderate Buy” and a consensus price target of $202.39.

Waste Connections Stock Up 0.9%

WCN traded up $1.60 on Friday, hitting $186.48. 2,513,468 shares of the company were exchanged, compared to its average volume of 1,583,529. The stock’s fifty day moving average is $161.34 and its 200-day moving average is $161.56. Waste Connections has a 12 month low of $146.89 and a 12 month 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 has a market cap of $46.72 billion, a PE ratio of 44.93, a PEG ratio of 2.95 and a beta of 0.49.

Waste Connections (NYSE:WCN) last posted its quarterly earnings results on Wednesday, October 21st. The business services provider reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.06. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.60 billion. Waste Connections had a return on equity of 17.65% and a net margin of 11.40%. The firm’s quarterly revenue was up 23.8% on a year-over-year basis. Equities research analysts predict that Waste Connections will post 5.65 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Robert Cloninger sold 2,811 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president directly owned 11,666 shares of the company’s stock, valued at approximately $1,995,119.32. The trade was a 19.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Philip Rivard sold 2,500 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $166.57, for a total value of $416,425.00. Following the completion of the sale, the senior vice president owned 734 shares in the company, valued at approximately $122,262.38. This trade represents a 77.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.27% of the company’s stock.

Hedge Funds Weigh In On Waste Connections

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WCN. Group One Trading LLC acquired a new position in shares of Waste Connections in the second quarter valued at $30,000. Whipplewood Advisors LLC lifted its stake in shares of Waste Connections by 1,166.7% during the 1st quarter. Whipplewood Advisors LLC now owns 190 shares of the business services provider’s stock worth $31,000 after buying an additional 175 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of Waste Connections during the 1st quarter worth about $41,000. Johnson Financial Group Inc. acquired a new stake in shares of Waste Connections during the 2nd quarter worth about $45,000. Finally, Wellington Altus USA Inc. boosted its holdings in shares of Waste Connections by 205.6% during the 2nd quarter. Wellington Altus USA Inc. now owns 275 shares of the business services provider’s stock worth $48,000 after buying an additional 185 shares during the period. 86.09% of the stock is owned by institutional investors.

Waste Connections News Summary

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.

About Waste Connections

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.