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

Casella Waste Systems, Inc. (NASDAQ:CWST) has been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. Two equities research 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 1 year price target among brokers that have issued a report on the stock in the last year is $123.1667.

A number of research firms have weighed in on CWST. William Blair reissued an “outperform” rating on shares of Casella Waste Systems in a research report on Tuesday, July 15th. Cowen reissued a “buy” rating on shares of Casella Waste Systems in a research report on Friday, June 6th. Finally, 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.

Institutional Trading of Casella Waste Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its holdings in shares of Casella Waste Systems by 1.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 35,834 shares of the industrial products company’s stock worth $3,792,000 after buying an additional 513 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Casella Waste Systems during the 4th quarter worth approximately $278,000. Benjamin Edwards Inc. boosted its holdings in shares of Casella Waste Systems by 2.8% during the 4th quarter. Benjamin Edwards Inc. now owns 10,888 shares of the industrial products company’s stock worth $1,152,000 after buying an additional 300 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Casella Waste Systems by 1.3% during the 4th quarter. Captrust Financial Advisors now owns 12,267 shares of the industrial products company’s stock worth $1,298,000 after buying an additional 156 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of Casella Waste Systems by 44.0% during the 4th quarter. Deutsche Bank AG now owns 55,006 shares of the industrial products company’s stock worth $5,820,000 after buying an additional 16,820 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Stock Performance

Casella Waste Systems stock opened at $94.69 on Friday. The business has a 50 day moving average of $104.74 and a 200-day moving average of $110.77. Casella Waste Systems has a 1 year low of $93.63 and a 1 year high of $121.24. 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 company has a market capitalization of $6.01 billion, a P/E ratio of 526.06 and a beta of 0.84.

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

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.