Waste Connections (WCN.TO) Buy, Sell or Hold

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Waste Connections (WCN.TO)

231.82

-0.24 (0.10%)

as of Aug 10, 2026, 8:00:00 pm Market Open.

285 watching

Investor Insights

Aug 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.

Consensus

Buy

Valuation

Fair Value

Similar

PAST TOP PICK

(A Top Pick Feb 03/21, Up 51%) Another good chart that will add to. Very good chart (trending upwards). Excellent business model.

SELL

Not cheap. In difficult economic environments, investors sometimes trade up to one best-in-class name in a sector. He sold WCN in favour of WM, which is bigger, more profitable, stronger credit rating. WN is a better quality business at a less demanding multiple. All waste management takes on debt to finance acquisitions.

TOP PICK

Management sees great opportunities ahead. Wants to make more renewable landfill gas sites. Benefits from higher oil prices. Defensive, safe. Excellent management, clean balance sheet. He expects double-digit revenue growth for many years. Also a reopening play. The dual listing is a gift to Canadian investors. (Analysts’ price target is $178.80)

PAST TOP PICK

(A Top Pick Feb 04/21, Up 27%) Best in class in the world from track record in M&A, pricing power, marketing, and growth profile. Resilient demand and pricing power in face of interest rate hikes and situation in Ukraine. Deserves its premium. He's buying on pullbacks.

DON'T BUY

Waste management is not a growth story. The industry tends to grow by consolidation. As economic activity picks up, so will the waste business.

DON'T BUY

Dividend growth? Hoping for growth in the dividend, but it hasn't grown the way he'd like. Fuel and labour costs are increasing. Stable, well run. High multiple and low yield, which is a caution signal, but money keeps flowing in. A basic need, but price is too high for the return. Yield is 0.6%.

DON'T BUY

WCN vs. WM Fell last year, and now is picking up steam. It's more of a utility industrial than a cyclical. If you want cyclical, look at CAT or other industrial names. 28x forward earnings for 11% growth, so a bit rich for him. Fundamentally, a great business. WM has a better valuation than WCN and growth is about the same. To choose, he'd pick the larger one, which is WM.

BUY

Allan Tong’s Discover Picks Of course, nobody knew that a once-in-a-century pandemic would trigger that recession, but WCN survived the pandemic to emerge with a 21.1% gain since my original pick. This figure excludes the dividend, which currently pays 0.67%, and it beats the TSX by 5%. Read Looking back after 100 weeks of Hot TSX Stocks: BAM, Rails, Garbage for our full analysis.

BUY

Likes it. Modelling earnings growth at 19%. Trades at 23.5x 2022 compared to peers at 31x. Price target is $160USD. A great position to have. Has more to go. A very well run business.

TOP PICK

Barbell approach to navigating economic uncertainty over the next 12-18 months. Defensible, resilient cashflows. On the other hand, if the economy takes off, there will be more waste from industry. Best in class management and EBITDA margins, free cashflow. In a good position to do some M&A. Yield is 0.84%. (Analysts’ price target is $145.35)

PAST TOP PICK

(A Top Pick Oct 24/19, Up 11%) They lowered guidance during the lockdown, then revised their guidance back up a few moths later because they saw robust recovery. Waste collection is resilient and will prosper regardless of who will be the US president or trade tensions. SO, WM is well-positioned in a highly fragmented industry that encourages accretive buys.

PAST TOP PICK

(A Top Pick Jul 30/19, Up 12%) Death, taxes and garbage are life's certainties. He's long owned this. WCN continues to do well, though there will be softness from commercial activity, though consider all the cardboard boxes from Amazon deliveries. Still a good company. Well-managed.

DON'T BUY

A tricky one. He's torn. It checks most of his boxes, but not one: they hold a lot of debt. Their growth has been spectacular, but fueled by debt. He doesn't know the debt repayment details offhand. He prefers a stock with less debt. That said, the garbage business will be stable during this pandemic.

BUY

This stock has performed well over the past few years. Now the market is saying this is still an essential business. The challenge is not getting caught in thinking you have missed the bottom. There is nothing wrong buying in here. He is just focusing on health care and tech at the moment.

PAST TOP PICK

(A Top Pick Mar 18/19, Down 1%) It is the most profitable waste collection company in North America. He thinks it is a stable business.

Showing 31 to 45 of 302 entries

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Waste Connections (WCN.TO)