Casella Waste Systems, Inc. (NASDAQ:CWST) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Casella Waste Systems, Inc. has received an average rating of "Moderate Buy" from ten analysts, with one sell rating, two holds, six buys, and one strong buy.
• The company reported earnings of $0.36 per share for the last quarter, exceeding analysts' expectations of $0.31, and its revenue of $465.33 million was also above the predicted $454.01 million.
• Casella Waste Systems' current stock price is approximately $94.74, with a market capitalization of $6.01 billion and a P/E ratio of 526.31.

Casella Waste Systems, Inc. (NASDAQ:CWST - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the ten analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $112.3750.

CWST has been the subject of several analyst reports. Stifel Nicolaus initiated coverage on shares of Casella Waste Systems in a research report on Monday. They set a "buy" rating and a $113.00 price target for the company. Raymond James Financial set a $125.00 target price on shares of Casella Waste Systems and gave the company a "strong-buy" rating in a research report on Monday, August 4th. Cowen reiterated a "buy" rating on shares of Casella Waste Systems in a report on Friday, June 6th. Loop Capital upgraded Casella Waste Systems from a "hold" rating to a "buy" rating and set a $88.00 price objective for the company in a report on Friday, September 19th. Finally, Barclays assumed coverage on Casella Waste Systems in a research note on Friday, September 19th. They issued an "underweight" rating and a $88.00 price target for the company.

Casella Waste Systems Trading Up 4.1%

Shares of NASDAQ CWST opened at $94.74 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.70 and a quick ratio of 1.61. The stock has a market capitalization of $6.01 billion, a P/E ratio of 526.31 and a beta of 0.84. Casella Waste Systems has a 1-year low of $85.21 and a 1-year high of $121.24. The business has a fifty day moving average price of $97.54 and a 200 day moving average price of $108.36.

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

Hedge Funds Weigh In On Casella Waste Systems

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ameritas Advisory Services LLC purchased a new position in shares of Casella Waste Systems in the 2nd quarter valued at approximately $25,000. Maseco LLP purchased a new position in shares of Casella Waste Systems in the second quarter worth $25,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Casella Waste Systems by 325.5% in the second quarter. Caitong International Asset Management Co. Ltd now owns 217 shares of the industrial products company's stock worth $25,000 after buying an additional 166 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Casella Waste Systems by 301.6% in the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company's stock worth $27,000 after buying an additional 184 shares during the last quarter. Finally, NBC Securities Inc. purchased a new position in Casella Waste Systems in the 1st quarter worth $31,000. 99.51% of the stock is owned by hedge funds and other institutional investors.

About Casella Waste Systems

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.

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