TD Cowen Cuts Waste Connections (NYSE:WCN) Price Target to $200.00

Waste Connections (NYSE:WCN) had its target price lowered by TD Cowen from $210.00 to $200.00 in a report released on Friday morning,Benzinga reports. TD Cowen currently has a buy rating on the business services provider’s stock.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company began coverage on Waste Connections in a research note on Thursday, November 13th. They set an “overweight” rating and a $186.00 target price on the stock. Barclays set a $176.00 price objective on shares of Waste Connections and gave the stock an “equal weight” rating in a research report on Friday. Morgan Stanley reissued an “overweight” rating and set a $220.00 target price (up from $215.00) on shares of Waste Connections in a research report on Wednesday, December 17th. BNP Paribas Exane initiated coverage on shares of Waste Connections in a research note on Tuesday, January 6th. They set an “outperform” rating for the company. Finally, Stifel Nicolaus set a $213.00 price objective on Waste Connections and gave the company a “buy” rating in a research note on Friday. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Waste Connections presently has an average rating of “Buy” and an average price target of $204.20.

Waste Connections Price Performance

Shares of NYSE WCN opened at $160.41 on Friday. The company has a market capitalization of $41.01 billion, a PE ratio of 38.47, a PEG ratio of 2.84 and a beta of 0.62. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.07. The stock’s 50 day moving average price is $170.75 and its 200-day moving average price is $174.43. Waste Connections has a twelve month low of $155.65 and a twelve month high of $201.66.

Waste Connections (NYSE:WCN) last issued its quarterly earnings results on Wednesday, February 11th. The business services provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. Waste Connections had a return on equity of 16.25% and a net margin of 11.37%.The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same period last year, the company posted $1.16 earnings per share. Waste Connections’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities analysts anticipate that Waste Connections will post 5.28 EPS for the current year.

Waste Connections Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Wednesday, February 25th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $1.40 annualized dividend and a yield of 0.9%. Waste Connections’s dividend payout ratio (DPR) is 33.57%.

Institutional Investors Weigh In On Waste Connections

A number of hedge funds and other institutional investors have recently bought and sold shares of WCN. Lido Advisors LLC grew its position in shares of Waste Connections by 2.1% in the second quarter. Lido Advisors LLC now owns 2,949 shares of the business services provider’s stock valued at $551,000 after purchasing an additional 61 shares in the last quarter. Legacy Wealth Asset Management LLC boosted its stake in Waste Connections by 0.8% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 7,895 shares of the business services provider’s stock worth $1,388,000 after purchasing an additional 61 shares during the period. Valeo Financial Advisors LLC boosted its stake in Waste Connections by 1.6% in the 2nd quarter. Valeo Financial Advisors LLC now owns 4,052 shares of the business services provider’s stock worth $757,000 after purchasing an additional 63 shares during the period. Ritholtz Wealth Management grew its holdings in Waste Connections by 2.1% during the 4th quarter. Ritholtz Wealth Management now owns 3,042 shares of the business services provider’s stock valued at $533,000 after buying an additional 64 shares in the last quarter. Finally, Kestra Private Wealth Services LLC increased its position in shares of Waste Connections by 2.6% during the third quarter. Kestra Private Wealth Services LLC now owns 2,556 shares of the business services provider’s stock valued at $449,000 after buying an additional 64 shares during the period. Institutional investors own 86.09% of the company’s stock.

Key Waste Connections News

Here are the key news stories impacting Waste Connections this week:

• Positive Sentiment: Company raised FY‑2026 revenue guidance to roughly $9.9B–$9.95B and cited AI-driven efficiency plus acquisition synergies as drivers of margin improvement — a key fundamental reason investors are bullish on forward growth and margins. Waste Connections targets $9.9B–$9.95B 2026 revenue as AI and acquisition gains bolster margin outlook
• Positive Sentiment: Q4 EPS beat estimates ($1.29 vs $1.28) and EPS rose year‑over‑year; management highlighted margin expansion and efficiency initiatives on the earnings call — supports the stock’s upward move. Waste Connections Posts Strong Q4 Results, Raises 2026 Outlook
• Positive Sentiment: Board declared a quarterly cash dividend of $0.35 (ex‑dividend Feb 25), which supports income investors and adds to shareholder return credibility.
• Neutral Sentiment: Revenue was effectively in line/slightly below consensus ($2.35B reported vs. $2.37B expected) — mixed top‑line print offsets the small EPS beat and tempers the bullish case. Waste Connections (WCN) Q4 Earnings and Revenues Beat Estimates
• Neutral Sentiment: Analyses and deep dives highlight margin expansion and operational efficiency initiatives; useful context for modeling but largely qualitative until converted into sustained margin outperformance. WCN Q4 Deep Dive: Margin Expansion and Efficiency Initiatives Amid Market Pressures
• Neutral Sentiment: Valuation write‑ups are revisiting WCN after recent share‑price weakness — watch valuation multiples and how analysts adjust long‑term EPS assumptions. A Look At Waste Connections (WCN) Valuation After Recent Share Price Weakness
• Negative Sentiment: TD Cowen trimmed its price target from $210 to $200 (but kept a Buy rating) — a downward revision that signals some analyst caution on near‑term upside/valuation even as the team remains constructive. Benzinga

About Waste Connections

Waste Connections (NYSE: WCN) is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.

The company’s operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.