TSE:WCN

Waste Connections (WCN.TO)

231.82
-0.24 (0.10%)
as of Aug 10, 2026, 8:00:00 pm Market Open.
285 watching
0
Investor Insights
star iconAug 10, 2026, 12:00 am

This summary was created by AI, based on 15 opinions in the last 12 months.

Waste Connections (WCN-T) has garnered significant attention from analysts, notably for its unique position in smaller, exclusive markets that offer reduced competition and enhanced pricing power. Many experts applaud the company for its steady revenue growth, with a recent increase of 6% and margins hovering around 33%. Despite experiencing a pullback and a downtrend since early 2025, some experts view this as a buying opportunity given the company's resilience and solid fundamentals. There is a consensus that while the stock may appear pricey with a forward P/E ratio of 27, its defensive nature and the reliable cash flows it generates make it a suitable candidate for long-term investment in an uncertain economic environment. Analysts also highlight the waste management industry's oligopoly structure as a long-term growth driver, despite some pressures on margins from recycling challenges.

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Consensus
Buy
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Valuation
Fair Value
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WM
TOP PICK
Garbage is a recession proof business. A very solid company. Company has maximized growth by doing tuck-in acquisitions and by looking for new platform acquisitions.
BUY
Just raised $400 million to acquire IESI and has come under pressure. Good price.
WAIT
A wonderful business. Has some organic growth. Price is dropping because of a large merger they are putting in place with IESI out of Texas and a purchase of Ridge Landfill in Ontario. Both of these moves are going to be very beneficial, however, they will have to sell a great deal of equity in the next month.
BUY
One of the top business trusts in Canada. Has been very good at making tuck-in acquisitions. Just made a big acquisition in the US which is accretive from day one. Needed a big footprint in the US to grow.
BUY ON WEAKNESS
Expensive. Expectations that there are a string of applications coming. Should continue to see distribution increases. Low payout ratio.
TRADE
Very strong speculation and reports that they are in the process of making some serious acquisitions which will take the company to a new level.
DON'T BUY
Had very strong second-quarter results. Increased its distribution by 10%. Should continue to grow and make accretive acquisitions. Fully priced.
TOP PICK
Good-quality management team. Relatively low debt. Relatively low payout ratio in. Can grow organically.
BUY
Stable business. Have done a good job of consolidating. Recently received a time/space extension on their Québec property.
TOP PICK
Good management team. Relatively low payout ratio. Relatively low debt. Just recently got approval from the Québec government to expand their landfill holdings.
BUY
Well run.
STRONG BUY
People will have to pay to have their garbage picked up.
DON'T BUY
There is still opportunity for growth. Fairly priced now.
TOP PICK
Landfill problems in Ontario will probably expand. Well run.
PAST TOP PICK
(Was a top pick on Aug 12. Up 7.3%.) Still likes. Hopes that they will eventually get a landfill site in Ontario.
Showing 286 to 300 of 302 entries