Casella Waste Systems, Inc. (NASDAQ:CWST) Given Average Recommendation of “Moderate Buy” by Analysts

Casella Waste Systems, Inc. (NASDAQ:CWST) has received a consensus recommendation of “Moderate Buy” from the eleven research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $113.75.

Several equities analysts have weighed in on CWST shares. UBS Group lifted their price objective on Casella Waste Systems from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Barclays set a $95.00 price target on Casella Waste Systems and gave the company an “equal weight” rating in a research note on Monday, November 3rd. The Goldman Sachs Group reduced their price objective on shares of Casella Waste Systems from $125.00 to $111.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Weiss Ratings restated a “sell (d+)” rating on shares of Casella Waste Systems in a research report on Wednesday, October 8th. Finally, Loop Capital upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Friday, September 19th.

Casella Waste Systems Stock Down 0.2%

Casella Waste Systems stock opened at $96.72 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.70 and a quick ratio of 1.61. Casella Waste Systems has a fifty-two week low of $82.22 and a fifty-two week high of $121.24. The company’s 50-day moving average is $89.68 and its 200-day moving average is $101.45. The firm has a market capitalization of $6.14 billion, a PE ratio of 537.33 and a beta of 0.83.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. Casella Waste Systems had a return on equity of 4.97% and a net margin of 0.64%.The company had revenue of $485.35 million during the quarter, compared to analysts’ expectations of $477.24 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The business’s revenue was up 17.9% on a year-over-year basis. Casella Waste Systems has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Casella Waste Systems will post 1.16 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Moors & Cabot Inc. boosted its position in shares of Casella Waste Systems by 4.4% during the 1st quarter. Moors & Cabot Inc. now owns 2,469 shares of the industrial products company’s stock worth $275,000 after purchasing an additional 105 shares in the last quarter. Benjamin Edwards Inc. grew its stake in Casella Waste Systems by 1.0% in the 1st quarter. Benjamin Edwards Inc. now owns 10,998 shares of the industrial products company’s stock valued at $1,226,000 after purchasing an additional 110 shares during the period. Liberty One Investment Management LLC boosted its stake in Casella Waste Systems by 7.8% in the second quarter. Liberty One Investment Management LLC now owns 1,964 shares of the industrial products company’s stock valued at $227,000 after acquiring an additional 142 shares during the last quarter. Moran Wealth Management LLC raised its position in shares of Casella Waste Systems by 2.5% in the second quarter. Moran Wealth Management LLC now owns 5,894 shares of the industrial products company’s stock worth $680,000 after buying an additional 145 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in Casella Waste Systems by 3.9% in the 3rd quarter. Mackenzie Financial Corp now owns 3,975 shares of the industrial products company’s stock worth $377,000 after buying an additional 149 shares in the last quarter. Institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.