Waste Connections (NYSE:WCN) Price Target Raised to $210.00 at JPMorgan Chase & Co.

Waste Connections (NYSE:WCN) had its price objective increased by JPMorgan Chase & Co. from $195.00 to $210.00 in a report released on Friday morning,Benzinga reports. They currently have an overweight rating on the business services provider’s stock.

Several other equities research analysts also recently weighed in on the company. Citigroup reaffirmed a “neutral” rating and set a $183.00 price target (down from $196.00) on shares of Waste Connections in a research report on Friday, January 16th. Scotiabank set a $197.00 price target on Waste Connections and gave the company a “sector outperform” rating in a report on Friday, February 13th. BMO Capital Markets reissued an “outperform” rating and issued a $208.00 price target (up from $206.00) on shares of Waste Connections in a report on Friday. TD Cowen decreased their price target on Waste Connections from $210.00 to $200.00 and set a “buy” rating for the company in a report on Friday, February 13th. Finally, Wolfe Research initiated coverage on shares of Waste Connections in a research report on Friday, March 13th. They set an “outperform” rating and a $199.00 price target on the stock. Four research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Waste Connections currently has a consensus rating of “Buy” and a consensus target price of $203.15.

Waste Connections Stock Performance

Shares of NYSE WCN opened at $165.80 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 1.13. Waste Connections has a 12 month low of $154.90 and a 12 month high of $199.00. The company has a 50 day simple moving average of $164.15 and a two-hundred day simple moving average of $168.83. The stock has a market cap of $42.32 billion, a price-to-earnings ratio of 40.44, a PEG ratio of 2.99 and a beta of 0.61.

Waste Connections (NYSE:WCN) last announced its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.04. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.50 billion. Waste Connections had a return on equity of 16.49% and a net margin of 10.97%.The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $1.13 EPS. As a group, analysts predict that Waste Connections will post 5.48 earnings per share for the current year.

Waste Connections Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Stockholders of record on Wednesday, May 6th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, May 6th. Waste Connections’s dividend payout ratio is 33.57%.

Institutional Investors Weigh In On Waste Connections

A number of hedge funds have recently modified their holdings of WCN. Vanguard Group Inc. grew its position in shares of Waste Connections by 2.3% in the third quarter. Vanguard Group Inc. now owns 31,585,284 shares of the business services provider’s stock valued at $5,552,682,000 after purchasing an additional 717,440 shares in the last quarter. Capital International Investors boosted its stake in Waste Connections by 28.2% during the fourth quarter. Capital International Investors now owns 6,468,259 shares of the business services provider’s stock worth $1,134,781,000 after buying an additional 1,420,921 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Waste Connections by 17.6% during the third quarter. Mackenzie Financial Corp now owns 6,136,218 shares of the business services provider’s stock worth $1,078,536,000 after buying an additional 918,245 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Waste Connections by 37.1% during the fourth quarter. JPMorgan Chase & Co. now owns 4,763,742 shares of the business services provider’s stock worth $835,370,000 after buying an additional 1,289,042 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in Waste Connections by 5.0% during the fourth quarter. Wellington Management Group LLP now owns 4,675,737 shares of the business services provider’s stock worth $819,939,000 after buying an additional 220,575 shares during the last quarter. 86.09% of the stock is currently owned by institutional investors and hedge funds.

More Waste Connections News

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

• Positive Sentiment: JPMorgan raised its price target on WCN to $210 and moved to an “overweight” rating, implying substantial upside vs. current levels. Article Title
• Positive Sentiment: Management expects roughly $100M of M&A revenue to close by end of Q2 or early Q3 and reaffirmed 2026 free cash flow guidance of $1.4B–$1.45B — supports the company’s cash-generation story and buyout/investment optionality. Article Title
• Positive Sentiment: Q1 earnings: WCN reported EPS of $1.23, beating consensus (~$1.19), reinforcing underlying profitability per-share despite cost/mix headwinds. Article Title
• Neutral Sentiment: The company declared a quarterly dividend of $0.35 per share (record May 6, payable May 21); yield is modest (~0.8%) and unlikely to materially change investor stance. (Company announcement)
• Neutral Sentiment: Earnings-call and deep-dive coverage highlight pricing actions, AI initiatives and special-waste campaign results — strategic positives but with timing/scale uncertainty. Article Title Earnings Transcript
• Negative Sentiment: Net profit fell to US$219.3M in Q1 from US$241.5M a year ago and management discussed margin pressure — investors may be worried about near-term margin compression and revenue mix. Article Title

Waste Connections Company Profile

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.