UBS Raises Waste Connections (WCN) Price Target to $215

On October 27, 2026, UBS raised its price target on Waste Connections, Inc. (WCN) to $215 from $200 while maintaining a Buy rating. This update reflects UBS's confidence in the company's performance based on its recent results.

WCN Waste Connections, Inc.

$183.66 ▲ +6.16% year to date

1M 3M YTD

Daily close · Oct 27, 2026

UBS's Call on Waste Connections

UBS increased its price target for Waste Connections to $215, up from $200. This move indicates a positive outlook for the company's stock, aiming for a higher valuation in the future. The new target suggests that analysts believe there is significant room for the stock to grow from its recent price of $183.29.

Other Institutional Activity in Waste Connections

In recent activity, Royal Bank of Canada increased its holdings by 978,069 shares, bringing its total to about 13.2 million shares worth approximately $2.4 billion. Bank of Montreal added 529,653 shares, resulting in a total of around 8.7 million shares valued at about $1.6 billion. 1832 Asset Management also grew its stake by 342,885 shares, ending with about 7.5 million shares worth roughly $1.4 billion.

Waste Connections, Inc. Stock Down 1.8%

Waste Connections closed at $181.97 on October 27, 2026, and recently traded around $183.29. This price is about 0.7% higher than the closing level, suggesting a slight upward trend. The stock is currently about 2.2% below its 52-week high of $187.36, but it remains above its 50-day and 200-day moving averages.

Recent Earnings

Waste Connections reported trailing twelve-month revenue of approximately $9.94 billion and earnings per share of $4.46. The next earnings report is scheduled for February 10, 2027. The company has demonstrated solid financial health with a return on equity of 14.2% and a net margin of 11.4%.

Dividend

Waste Connections pays an annual dividend of $1.54 per share, which translates to a yield of about 0.82%. The payout ratio stands at 31.4%, indicating a balanced approach to returning capital to shareholders while reinvesting in the business.

Insider Buying and Selling at Waste Connections, Inc.

Since July, several insiders have sold shares of Waste Connections. Robert Nielsen III sold 300 shares at an average price of $173.10 on July 29, 2026, totaling about $51,930. Susan Rhea Netherton sold 1,750 shares for $290,500 on August 13, 2026. Philip Rivard sold 2,500 shares at an average price of $166.57, totaling $416,425 on August 18, 2026. Lastly, Nielsen sold another 700 shares at $170.00, amounting to $119,000 on August 19, 2026.

Analysts Set New Price Targets

On October 23, 2026, several firms maintained their ratings on Waste Connections. CIBC kept its Outperformer rating with a target of $207, while Citigroup maintained a Neutral rating with a target of $192. Morgan Stanley and Oppenheimer also maintained their ratings, setting targets of $200. The consensus target among analysts is around $206.32, indicating a generally positive outlook.

About Waste Connections

Waste Connections, Inc. provides waste management services across the U.S. and Canada. It offers collection, transfer, and disposal services for non-hazardous waste, catering to various customers, including residential and commercial sectors. The recent price target increase from UBS reflects confidence in the company's ongoing growth and profitability.

Bottom Line

Investors should keep an eye on Waste Connections as it approaches its next earnings report on February 10, 2027. With UBS's new price target and other positive analyst ratings, the company appears well-positioned for continued growth.