On Oct 25, major Wall Street analysts update their ratings for $Waste Connections (WCN.US)$, with price targets ranging from $192 to $205.
BMO Capital analyst Devin Dodge maintains with a buy rating, and adjusts the target price from $198 to $196.
Oppenheimer analyst Noah Kaye maintains with a buy rating, and adjusts the target price from $194 to $192.
Stifel analyst Brian Butler maintains with a buy rating, and adjusts the target price from $200 to $205.
RBC Capital analyst Sabahat Khan maintains with a buy rating, and adjusts the target price from $199 to $201.
Truist Financial analyst Tobey Sommer maintains with a buy rating.
Furthermore, according to the comprehensive report, the opinions of $Waste Connections (WCN.US)$'s main analysts recently are as follows:
Following Q3 results, it's noted that while commodity support was less than anticipated, contributing to a near-term growth outlook that fell short of expectations, the core value drivers for the business are expected to remain favorable into 2025. This includes robust pricing, enhancements in cost and productivity, as well as mergers and acquisitions.
Waste Connections surpassed third-quarter top and bottom-line consensus forecasts and increased full-year guidance for 2024, aligning its preliminary framework for that year with current market expectations. Despite facing multiple challenges, the company's strong execution facilitated the third-quarter outperformance. The company is poised for sustained growth in core solid waste operations and margin enhancement, bolstered by potential mergers and acquisitions, as well as productivity improvements that could lead to favorable future earnings projections.
Waste Connections' Q3 results slightly exceeded expectations, and the outlook for 2024 has been modestly improved, with the preliminary commentary for 2025 suggesting potential for further upsides. This optimism is based on the company's ongoing execution of its mergers and acquisitions strategy.
Here are the latest investment ratings and price targets for $Waste Connections (WCN.US)$ from 6 analysts:
Note:
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