William Blair analyst Trevor Romeo has maintained their bullish stance on WCN stock, giving a Buy rating today.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Trevor Romeo has given his Buy rating due to a combination of factors that highlight Waste Connections’ strong financial performance and strategic positioning. The company reported robust third-quarter results, with revenue, adjusted EBITDA, and adjusted EPS surpassing consensus expectations. This performance was largely driven by the exceptional results in the E&P waste sector, particularly in the Canadian market, and higher-than-expected disposal and transfer revenue.
Additionally, Waste Connections demonstrated solid internal growth and maintained a strong adjusted EBITDA margin, despite some challenges from recycled commodity prices. The company’s effective capital allocation strategy, including significant share buybacks and successful M&A activities, further supports its growth prospects. Looking ahead, the company’s guidance for 2025 remains unchanged, with expectations of continued solid waste price/cost trends and a positive contribution from M&A activities, although current commodity prices may impact margins.
In another report released today, TR | OpenAI – 4o also upgraded the stock to a Buy with a C$270.00 price target.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WCN in relation to earlier this year.