TSE:WCN

Waste Connections (WCN.TO)

216.40
+2.33 (1.09%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
282 watching
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Investor Insights
star iconJun 5, 2026, 12:00 am

This summary was created by AI, based on 14 opinions in the last 12 months.

Waste Connections (WCN) is regarded as a fundamentally solid company within the waste management sector, characterized by steady earnings and growth potential. Despite its strong operational track record and disciplined management, the stock is seen as expensive, trading at a forward PE of 27x, which has made some investors cautious. Analysts agree that while WCN has avenues for growth through acquisitions and a solid market position, the current market sentiments lean towards finding more exciting investment opportunities. The potential for double-digit earnings growth and the company’s commitment to employee safety and solid cash flows provides a robust long-term investment case, yet, the stock has been facing downward pressure partly due to challenges like environmental concerns and rising fuel costs. Overall, while potentially offering good long-term returns through stability, there's a consensus that it may be best to seek a pullback before entering a position.

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Consensus
Hold
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Valuation
Overvalued
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WM
PAST TOP PICK

(Top Pick Oct 07/11, Down 13.26%) Pretty recession proof business but operations are where this company got challenged here. 3% yield is safe and should have supported the stock better.

TOP PICK

Pays a bit of a dividend and fundamentals are positive although not fully developed. If it holds here it is a support level. He put a tight stop on it. It has come off to near this support level.

PAST TOP PICK

(Top Pick Oct 31/11, Down 2.51%)

BUY

Involved in consolidation in the solid waste management. Did a huge US acquisition so has more volume in the US than it has in Canada. Stock hasn’t done much. He views the opportunity here as building a large-scale company in a very fragmented industry, in both Canada and US, growing revenue and earnings over time. 2.8% dividend.

PAST TOP PICK

(A Top Pick Aug 23/11. Down 4.78%.) Well managed company. Unlike some of their larger competitors, they are still able to acquire similar companies without running into antitrust etc. Could see it around $25 in 12 months.

PAST TOP PICK

(A Top Pick Aug 9/11. Up 4.71%.) Likes the attributes of this business. Big free cash flow generator.

PAST TOP PICK
(A Top Pick July 22/11. Down 9.18%.)
TOP PICK
Stock is undervalued. Thinks lately the stock has been overwhelmed by some of the problems they have had in the north east US. Investors have not been looking at their more steady Canadian operations. Also, materials that they resell have had lower prices. Have always been very smart on their acquisitions and strategic on getting acquisitions close to their existing operations. Expecting the ROE to increase over the next few years. $26 is very doable.
DON'T BUY
Fundamentally it does not look good. There was some fairly good support at $19. Beginning of June it dropped below $18 but is now back up to about the $19 level but it is not strong. Low volume.
COMMENT
A great business. He had recommended a Sell recently because, even though garbage is one of the more recession resistant businesses, they have been having problems in the Northeast, where some of the municipalities are strapped for cash and are not able to give any increases in fees. Also, builders waste has been a big part of their operation and housing has not been great.
PAST TOP PICK
(Top Pick Jul 22/11, Down 13.77%) View was that there was going to be consolidation. Instead margin shave come under pressure. Due to slow recovery in US there has not been growth in US.
BUY
Has made a lot of acquisitions, but tended to be strategic. In the not too distant past he had it as a Top Pick. It has been an extremely well managed company. They have had a lot of competition in the North East US. Over the next year or two we should see their earnings back up. It is at a reasonable multiple. Thinks it has real underlying value. In the last quarter they were hit by higher fuel prices and lower prices for recycling products.
HOLD
Very well-managed company. Just missed on their earnings today but that was on weakness in the northeast sector of their markets. Have been making very good strategic acquisitions. Expecting an improvement in their profitability over the next few years.
PAST TOP PICK
(A Top Pick Apr 8/11. Down 11.12%.) Had an unexpected change in their CEO. As the market gets to know him, they will like him which will be positive.
PAST TOP PICK
(Top Pick Mar 22/11, Down 4.02%) Not concerned about the decline and is keen on it still. Industry was consolidating.
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