10 Best Canadian Stocks to Buy According to Billionaires

7. Waste Connections, Inc. (NYSE:WCN)

Number of Billionaires: 13

Leading integrated solid waste services company, Waste Connections, Inc. (NYSE:WCN) operates across 46 U.S. states and six Canadian provinces. The company offers non-hazardous waste collection, transfer, disposal services, and resource recovery through recycling and renewable fuels generation. Serving approximately nine million residential, commercial, and industrial customers, Waste Connections focuses on secondary and exclusive markets, distinguishing itself from competitors by targeting areas with less competition and stable revenue streams.

Strategic acquisitions have been a cornerstone of Waste Connections, Inc. (NYSE:WCN)’s growth strategy. In 2024, the company completed acquisitions contributing over $700 million in annualized revenue. Notably, the purchase of Royal Waste Services, Inc. for $39 million expanded the company’s footprint in New York City, allowing it to manage up to 15 waste collection zones, the maximum permitted per company, due to overlapping service areas.

Waste Connections, Inc. (NYSE:WCN) generated $8.92 billion in total revenue over the last fiscal year, representing an 11.19% increase compared to the previous year, and reported gains at 11%.

Analysts have shown optimism toward Waste Connections, Inc. (NYSE:WCN). The company’s Relative Strength (RS) Rating was upgraded from 66 to 71, reflecting improved stock performance, although it remains below the preferred benchmark of 80. The company is currently developing a cup-with-handle pattern with an entry point of $191.57, indicating potential for future gains. The average price target represents a forecasted upside of 6.47% from the current price of $190.12.