In a report released today, James Schumm from TD Cowen maintained a Buy rating on Waste Connections, with a price target of $210.00.
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James Schumm’s rating is based on Waste Connections’ solid performance in the third quarter and its conservative yet promising guidance for 2026. Despite challenges such as lower commodity prices and delays in renewable natural gas projects, the company managed to outperform expectations, showcasing resilience and effective management.
The company’s modest revenue growth projections for 2026, along with anticipated improvements in EBITDA margins, suggest a stable financial outlook. Additionally, Waste Connections’ strategic mergers and acquisitions are expected to contribute to revenue growth, potentially exceeding initial estimates. The company’s pricing strategy, which maintains a favorable spread over cost inflation, further supports the positive outlook, indicating potential upside to margin guidance.
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.