Casella Waste Systems, Inc. (NASDAQ:CWST) Receives $123.17 Average Price Target from Analysts

Key Points

• Casella Waste Systems, Inc. has received a consensus rating of "Moderate Buy" from eight brokerages, with price target estimates averaging $123.17.
• Institutional investors own 99.51% of the company's stock, highlighting strong institutional interest and recent increases in stakes from major firms.
• Casella reported a quarterly earnings per share of $0.36, exceeding expectations and showcasing a 23.4% increase in revenue year over year.

Shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Get Free Report) have received an average rating of "Moderate Buy" from the eight analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $123.1667.

A number of equities research analysts have issued reports on CWST shares. Raymond James Financial set a $125.00 price target on shares of Casella Waste Systems and gave the company a "strong-buy" rating in a report on Monday, August 4th. Cowen restated a "buy" rating on shares of Casella Waste Systems in a report on Friday, June 6th. Finally, William Blair restated an "outperform" rating on shares of Casella Waste Systems in a report on Tuesday, July 15th.

Institutional Investors Weigh In On Casella Waste Systems

Several hedge funds have recently made changes to their positions in CWST. The Manufacturers Life Insurance Company lifted its stake in shares of Casella Waste Systems by 1.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 35,834 shares of the industrial products company's stock valued at $3,792,000 after buying an additional 513 shares during the period. Schonfeld Strategic Advisors LLC bought a new stake in shares of Casella Waste Systems in the fourth quarter valued at about $278,000. Benjamin Edwards Inc. lifted its stake in shares of Casella Waste Systems by 2.8% in the fourth quarter. Benjamin Edwards Inc. now owns 10,888 shares of the industrial products company's stock valued at $1,152,000 after buying an additional 300 shares during the period. Captrust Financial Advisors lifted its stake in shares of Casella Waste Systems by 1.3% in the fourth quarter. Captrust Financial Advisors now owns 12,267 shares of the industrial products company's stock valued at $1,298,000 after buying an additional 156 shares during the period. Finally, Deutsche Bank AG lifted its stake in shares of Casella Waste Systems by 44.0% in the fourth quarter. Deutsche Bank AG now owns 55,006 shares of the industrial products company's stock valued at $5,820,000 after buying an additional 16,820 shares during the period. Institutional investors own 99.51% of the company's stock.

Casella Waste Systems Stock Performance

CWST stock traded up $1.22 during mid-day trading on Friday, reaching $92.73. 537,515 shares of the stock traded hands, compared to its average volume of 468,834. The company has a quick ratio of 1.61, a current ratio of 1.70 and a debt-to-equity ratio of 0.72. Casella Waste Systems has a 52 week low of $90.74 and a 52 week high of $121.24. The business has a 50-day moving average of $103.02 and a two-hundred day moving average of $110.17. The firm has a market capitalization of $5.89 billion, a PE ratio of 515.17 and a beta of 0.84.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.05. Casella Waste Systems had a net margin of 0.64% and a return on equity of 4.97%. The company had revenue of $465.33 million during the quarter, compared to analysts' expectations of $454.01 million. During the same period in the prior year, the company earned $0.22 earnings per share. The business's quarterly revenue was up 23.4% compared to the same quarter last year. Casella Waste Systems has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Casella Waste Systems will post 1.16 EPS for the current fiscal year.

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.