Casella Waste Systems, Inc. (NASDAQ:CWST) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Casella Waste Systems, Inc. received a consensus recommendation of "Moderate Buy" from analysts, with two sell ratings, two hold ratings, six buy ratings, and one strong buy rating.
• The average target price for Casella Waste Systems over the next year is $112.38, despite the stock trading down 2.6% recently, with its current price at $88.49.
• Casella Waste Systems reported better-than-expected earnings, with $0.36 earnings per share for the last quarter, exceeding consensus estimates of $0.31, and a revenue increase of 23.4% compared to the previous year.

Shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $112.3750.

CWST has been the subject of several research analyst reports. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Casella Waste Systems in a research note on Monday, October 6th. UBS Group lowered their price objective on shares of Casella Waste Systems from $140.00 to $135.00 and set a "buy" rating for the company in a research note on Thursday, October 16th. William Blair reissued an "outperform" rating on shares of Casella Waste Systems in a research note on Tuesday, July 15th. Barclays initiated coverage on shares of Casella Waste Systems in a research note on Friday, September 19th. They issued an "underweight" rating and a $88.00 price objective for the company. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Casella Waste Systems in a research note on Friday.

Casella Waste Systems Trading Down 2.6%

Shares of CWST stock opened at $88.49 on Friday. 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 firm has a market cap of $5.62 billion, a PE ratio of 491.61 and a beta of 0.84. The company has a 50-day moving average of $92.49 and a two-hundred day moving average of $105.80. Casella Waste Systems has a 1-year low of $84.50 and a 1-year high of $121.24.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its earnings results on Thursday, July 31st. The industrial products company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.05. The company had revenue of $465.33 million during the quarter, compared to analyst estimates of $454.01 million. Casella Waste Systems had a net margin of 0.64% and a return on equity of 4.97%. Casella Waste Systems's revenue was up 23.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.22 earnings per share. Casella Waste Systems has set its FY 2025 guidance at EPS. On average, analysts predict that Casella Waste Systems will post 1.16 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Moors & Cabot Inc. raised its holdings in Casella Waste Systems by 4.4% during the first 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. increased its holdings in shares of 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 acquiring an additional 110 shares during the period. Signaturefd LLC increased its holdings in shares of Casella Waste Systems by 17.3% in the 1st quarter. Signaturefd LLC now owns 941 shares of the industrial products company's stock valued at $105,000 after acquiring an additional 139 shares during the period. Liberty One Investment Management LLC increased its holdings in shares of Casella Waste Systems by 7.8% in the 2nd 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 period. Finally, Moran Wealth Management LLC increased its holdings in shares of Casella Waste Systems by 2.5% in the 2nd quarter. Moran Wealth Management LLC now owns 5,894 shares of the industrial products company's stock valued at $680,000 after acquiring an additional 145 shares during the period. Hedge funds and other institutional investors own 99.51% of the company's stock.

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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