Waste Connections, Inc. (WCN) - Stock Analysis

Last updated: Sep 6, 2026

Research Idea

Research content for general circulation. Not individualized advice. Methodology & Disclosures

Defensive growth name with a recent positive catalyst: the 2026-07-22 earnings update showed an EPS beat, revenue and adjusted EBITDA growth above 6%, 32.8% EBITDA margin, and a raised full-year 2026 outlook. Pricing power and margin expansion remain supportive.

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Idea window: 7/27/2026 – 8/3/2026Sector: Industrials

AI Analyst Overview

Last Price
$159.44
Market Cap
$40.19B
1D Return
-1.12%
YTD Return
-8.49%

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Valuation Metrics

P/E
38.5
P/B
5.1
P/S
4.1
EV/EBITDA
16.0
Div Yield
0.88%

Fundamental Analysis

6.0

Key Financial Insights: • Strong Cash Flow • Elevated Leverage • Weak Liquidity WCN delivers strong margins and cash flow, but elevated valuation, leverage, and weak liquidity warrant a cautious stance.

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Price Behavior

5.0

Key Price Behavior Insights: • Range-bound weakness • Support holding • Rebound faded Support Level: $163.89–$164.09 Resistance Level: $166.80–$167.20 WCN is mildly weakening and range-bound over the last month, with support at $163.89–$164.09 and a bearish bias unless it reclaims $166.80–$167.20.

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TechnicalAnalysis

Sentiment & News

6.0

Key News Insights: • Institutional Buying • Share Repurchases • Regulatory Pressures Waste Connections shows a positive growth outlook supported by acquisitions, buybacks, institutional buying, dividends, and cash generation despite regulatory and liquidity pressures.

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AI

AI Summary

6.0
Neutral

WCN remains a high-quality cash generator, but at ~28x forward earnings and rising leverage, investors should treat it as a premium execution story and require sustained margin gains and acquisitions that exceed its cost of capital before adding exposure.

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AI summary updated 4 days ago

Description

Waste Connections, Inc. provides non-hazardous waste collection, transfer, disposal and resource recovery services across the United States and Canada for residential, commercial, municipal, industrial and energy-sector clients. The company operates an integrated network of collection routes, transfer stations, landfills, recycling facilities, intermodal terminals and oil-and-gas waste treatment and injection assets to move, process and dispose of municipal and exploration-and-production wastes. As of year-end 2021, its asset base included several hundred collection operations, scores of transfer stations and landfills, and multiple recycling and E&P treatment facilities, supporting regional solid-waste and industrial waste flows.

Idea History

DateCloseTickerCompanySummaryStatusP/L
Jul 27Aug 3WCNWaste Connections, Inc.
Defensive growth name with a recent positive catalyst: the 2026-07-22 earnings update showed an EPS beat, revenue and adjusted EBITDA growth above 6%, 32.8% EBITDA margin, and a raised full-year 2026 outlook. Pricing power and margin expansion remain supportive.
Closed-0.9%
Research content for educational purposes only. Not investment advice. All decisions are your responsibility.