Waste Connections (NYSE:WCN) Price Target Lowered to $200.00 at TD Cowen

Posted by Dante Gardener on Feb 14th, 2026

Waste Connections (NYSE:WCN – Free Report) had its price target reduced by TD Cowen from $210.00 to $200.00 in a report published on Friday,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

A number of other research firms also recently weighed in on WCN. Wells Fargo & Company began coverage on shares of Waste Connections in a research report on Thursday, November 13th. They set an “overweight” rating and a $186.00 target price for the company. UBS Group set a $205.00 price objective on shares of Waste Connections in a research note on Monday, January 5th. Oppenheimer reissued an “outperform” rating and set a $205.00 target price (down previously from $206.00) on shares of Waste Connections in a research note on Friday, January 23rd. Canadian Imperial Bank of Commerce set a $208.00 target price on shares of Waste Connections in a report on Thursday, January 8th. Finally, Barclays set a $176.00 price target on Waste Connections and gave the stock an “equal weight” rating in a report on Friday. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $204.20.

View Our Latest Stock Analysis on Waste Connections

Waste Connections Stock Performance

NYSE WCN opened at $160.41 on Friday. The company has a market capitalization of $41.01 billion, a price-to-earnings ratio of 38.47, a PEG ratio of 2.87 and a beta of 0.62. The company has a quick ratio of 0.67, a current ratio of 0.62 and a debt-to-equity ratio of 1.07. Waste Connections has a twelve month low of $155.65 and a twelve month high of $201.66. The stock has a fifty day simple moving average of $170.75 and a 200 day simple moving average of $174.66.

Waste Connections (NYSE:WCN – Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The business services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.37 billion. Waste Connections had a return on equity of 16.25% and a net margin of 11.37%.The business’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.16 EPS. Sell-side analysts expect that Waste Connections will post 5.28 EPS for the current year.

Waste Connections Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Wednesday, February 25th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, February 25th. Waste Connections’s dividend payout ratio (DPR) is currently 58.33%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC purchased a new stake in Waste Connections in the 1st quarter valued at $577,000. Callan Family Office LLC purchased a new position in Waste Connections during the 2nd quarter worth $251,000. IFP Advisors Inc grew its stake in shares of Waste Connections by 81.9% in the 2nd quarter. IFP Advisors Inc now owns 913 shares of the business services provider’s stock worth $170,000 after acquiring an additional 411 shares in the last quarter. Apollon Wealth Management LLC raised its holdings in shares of Waste Connections by 6.3% in the second quarter. Apollon Wealth Management LLC now owns 2,687 shares of the business services provider’s stock valued at $501,000 after purchasing an additional 159 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Waste Connections by 18.7% during the second quarter. CWM LLC now owns 1,585 shares of the business services provider’s stock valued at $296,000 after purchasing an additional 250 shares in the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Waste Connections News Roundup

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

Positive Sentiment: Company raised FY‑2026 revenue guidance to roughly $9.9B–$9.95B and cited AI-driven efficiency plus acquisition synergies as drivers of margin improvement — a key fundamental reason investors are bullish on forward growth and margins. Waste Connections targets $9.9B–$9.95B 2026 revenue as AI and acquisition gains bolster margin outlook
Positive Sentiment: Q4 EPS beat estimates ($1.29 vs $1.28) and EPS rose year‑over‑year; management highlighted margin expansion and efficiency initiatives on the earnings call — supports the stock’s upward move. Waste Connections Posts Strong Q4 Results, Raises 2026 Outlook
Positive Sentiment: Board declared a quarterly cash dividend of $0.35 (ex‑dividend Feb 25), which supports income investors and adds to shareholder return credibility.
Neutral Sentiment: Revenue was effectively in line/slightly below consensus ($2.35B reported vs. $2.37B expected) — mixed top‑line print offsets the small EPS beat and tempers the bullish case. Waste Connections (WCN) Q4 Earnings and Revenues Beat Estimates
Neutral Sentiment: Analyses and deep dives highlight margin expansion and operational efficiency initiatives; useful context for modeling but largely qualitative until converted into sustained margin outperformance. WCN Q4 Deep Dive: Margin Expansion and Efficiency Initiatives Amid Market Pressures
Neutral Sentiment: Valuation write‑ups are revisiting WCN after recent share‑price weakness — watch valuation multiples and how analysts adjust long‑term EPS assumptions. A Look At Waste Connections (WCN) Valuation After Recent Share Price Weakness
Negative Sentiment: TD Cowen trimmed its price target from $210 to $200 (but kept a Buy rating) — a downward revision that signals some analyst caution on near‑term upside/valuation even as the team remains constructive. Benzinga

About Waste Connections

(Get Free Report)

Waste Connections (NYSE: WCN) is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.

The company’s operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.