$WCN.TO

Waste Connections Price Target Raised at RBC, CIBC

Analysts at RBC Capital Markets and CIBC Capital Markets raised their price targets on Waste Connections Inc. (WCN.TO, WCN) to US$218 from US$210, and to US$198 from US$197, respectively.RBC analyst Sabahat Khan maintained an Outperform rating on shares of the dual-listed integrated waste services company following its quarterly results on Thursday.The stock rose $17.65, or approximately 8%, to $231.36 on the Toronto Stock Exchange."WCN reported Q1 Adj. EBITDA/EPS ahead of Street forecasts, while 2026 guidance was reiterated," Khan said in a note to clients."Overall, we believe WCN remains well-positioned for 2026, with guidance remaining a conservative starting point given the strong start to the year, with upside potential from higher commodity prices (supportive of the E&P business, Recycling prices beginning to move in the right direction), a more supportive macro backdrop (SW volumes up for the 6th consecutive quarter, potentially indicating some pent-up demand), and M&A (pipeline robust)," the analyst said.CIBC analyst Kevin Chiang maintained an outperformer rating on the stock."WCN's shares are up sharply after reporting strong Q1 results, highlighting the resiliency in its business model despite the current geopolitical landscape," Chiang said in a note to clients."Underlying fundamentals remain strong and there is upside potential to WCN's 2026 guidance," the analyst said."In addition, we see a re-acceleration in WCN's EPS growth trends moving past H1/26," Chiang said. "We view Q1 results as an inflection point for WCN's shares and the sentiment around the name."

Waste Connections Price Target Raised By US$8 To US$218, Keeps Outperform at RBC Capital Markets Which Says It "Remains Well-positioned For 2026"

RBC Keeps Waste Connections' Outperform Rating, US$210 Price Target

RBC Capital Markets on Wednesday maintained its outperform rating on the shares of Waste Connections (WCN.TO, WCN) and its US$210 price target following the waste-management company's first-quarter results.Waste Connections' first-quarter adjusted EBITDA of $769.5 million and adjusted earnings per share beat RBC's estimates, while its revenue of $2.37 billion was in line with RBC's forecast.RBC believes there is upside to the company's 2026 guidance from M&A, an improvement in the macro backdrop, and more supportive commodity pricing."Q1 results continued to reflect similar trends we have been observing in recent quarters, namely softer volumes and commodity prices being offset by underlying margin expansion," RBC said.Price: $229.57, Change: $+15.86, Percent Change: +7.42%

Waste Connections Up 2.9% After Hours as It Posts Higher Adjusted Earnings and Revenue for the First Quarter

Waste Connections (WCN.TO, WCN) was up 2.9% in after-hours Nasdaq trading Wednesday as it reported higher first-quarter adjusted earnings and revenue.The waste-management company's adjusted net income, which excludes most one-time expenses, rose to US$314.9 million, or US$1.23 per share, from US$293.1 million, or US$1.13, a year ago. FactSet projected US$1.19 per share.Revenue increased to US$2.37 billion from US$2.23 billion in the year-ago quarter. FactSet expected US$2.35 billion."We're extremely pleased by the strong start to 2026 and remain well-positioned for the full year, with upside potential from commodity-related impacts, solid waste organic growth and additional acquisitions," Chief Executive Ronald Mittelstaedt said."In spite of geopolitical instability, our results reflect consistency of execution as we continue to benefit from operating momentum from improved employee engagement, with safety performance at record levels and voluntary turnover now below 10%," he added.The company's shares were last seen up US$4.49 to US$161.00 after hours. They closed down $2.12 to $213.71 on the Toronto Stock Exchange.

Waste Connections Q1 Net Income and Adjusted Net Income Per Share of US$0.86 and $1.23

Waste Connections Q1 Revenue of US$2.371B