TSE:WCN

Waste Connections (WCN.TO)

237.78
+1.82 (0.77%)
as of Jun 26, 2026, 8:00:00 pm Market Open.
283 watching
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Investor Insights
star iconJun 26, 2026, 12:00 am

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

Waste Connections (WCN) operates in a stable and reliable industry, often viewed as a defensive play due to its predictable earnings and cash flows. Despite fundamental strengths and a manageable growth outlook, the company's stock has recently been on a downward trend, leading to concerns about timing for entry. Analysts commend its disciplined management and potential for long-term growth, albeit cautioning that the current price may be on the higher side, especially noted with a forward PE ratio at 27x. Acquisitions in smaller markets and a focus on employee safety contribute to its strong operational framework. Nevertheless, the market seems to prefer more dynamic growth stories over steady performers like WCN, which may impact buying decisions in the short term.

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Consensus
Neutral
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Valuation
Fair Value
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PAST TOP PICK
(A Top Pick May 18/18, Up 34%) Garbage is a growing business. He owns it personally as well. Seems to be a lot of acquisitions in the space and he sees opportunity going forward.
BUY
It is not fabulous value and its fair market value is much lower, yet it has shown a technical breakout and is giving a technical buy.
DON'T BUY
A good stock with a steady rise since 2016, accelerating this year. However, this may make it a pullback candidate, though not in bearish territory.
BUY
Has long owned it. The business is becoming less cyclical and seeing more acquisitions within the sector. Not a cheap stock, but its recent quarter saw earnings rise. Well-covered dividend, so safe. This year, their ROE is 11%. They could use their extra cash for acqusitions. He likes it.
TOP PICK
15 years in a row of positive shareholder returns. They have the secret sauce to acquisitions. For instance, they bought Progressive Waste Solutions in 2016 and has doubled that division's profits. Amazing. (Analysts’ price target is $116.58)
PAST TOP PICK
(A Top Pick May 18/18, Up 17%) The industry continues to consolidate. It looks good going forward. They own dumps and needing dumps is a barrier to entry by new comers.
BUY
Well-run. Best-in-class cash flow. Waste collection is still a fragmented space which will continue to consolidate. This space correlates to gas prices, to some degree. Likes WCN.
BUY ON WEAKNESS
A little over priced. He has a target price of less than $90, so he is cautious. He would prefer a pullback to $80 to add to any holding.
BUY
This selloff in the fall was a correction and not a transition. The US economy is in good shape. This one is in a good industry. It is trading at a new relative high. If you believe we have a soft landing this year, you want to own things focused on the US domestic economy.
HOLD
One of his favourites. Not cheap. Had a great year. Defensible business model. Tremendous moat, so they can trade at a higher multiple, which they will continue to execute on. Will continue to justify the multiple. There will be new competitors, but doesn't think this will impair its margins or growth profile.
BUY ON WEAKNESS
He's long owned this. A commodity (garbage) business, but they know how to run a business and they also own their landfills. Generates a lot of fresh cash flow; dividend increases; and share buybacks. A U.S. company on the TSX, so you don't worry about exchange rate. A little pricey now, but buy on a pullback.
BUY ON WEAKNESS
Is garbage or not garbage? Great stock chart. An anomaly at this moment. Looks great.
BUY
The third largest waste company in North America. They have great franchises in the western US. They also have an oil service company. They have a good history of dividend increases.
PARTIAL SELL

Owned it for a long time and it's done very well for him. People are still producing a lot of waste despite recycling. WCN is run well. Buy the dip. It's at 41x earnings, pricey. Hold or take some profits.

PAST TOP PICK

(A Top Pick July 18/17 - Up 26%) Garbage. As the economy improves more garbage being produce. Optically not cheap. Trading at 30 times earnings. But they continuously beat expectations. There are profit to be made here.

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