BMO Capital analyst Devin Dodge has maintained their bullish stance on WCN stock, giving a Buy rating yesterday.
Devin Dodge has given his Buy rating due to a combination of factors that highlight Waste Connections’ resilience and growth potential. The company’s stock has significantly outperformed major indices like the S&P 500 and S&P/TSX Composite, indicating strong investor confidence despite broader economic uncertainties. This performance is supported by better-than-expected pricing trends, with management successfully implementing over 75% of planned price increases for 2025, providing a clear path to achieving their pricing growth targets.
Furthermore, Waste Connections is poised for another robust year of acquisition activity, having already completed deals generating substantial revenue. The company benefits from a strategic M&A pipeline focused on small, privately held businesses, which minimizes regulatory hurdles. Additionally, Waste Connections is expected to see margin expansion driven by strong pricing, moderating cost inflation, and contributions from its landfill RNG development pipeline. These factors, combined with a favorable valuation relative to peers, underpin Dodge’s optimistic outlook for the stock.
Based on the recent corporate insider activity of 58 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.