Casella Waste Systems (NASDAQ:CWST) Coverage Initiated at Barclays

Equities research analysts at Barclays initiated coverage on shares of Casella Waste Systems (NASDAQ:CWST) in a research note issued to investors on Friday, Marketbeat.com reports. The brokerage set an “underweight” rating and a $88.00 price target on the industrial products company’s stock. Barclays‘s price objective would suggest a potential upside of 1.51% from the company’s previous close.

CWST has been the topic of several other research reports. William Blair restated an “outperform” rating on shares of Casella Waste Systems in a research report on Tuesday, July 15th. Raymond James Financial set a $125.00 target price on Casella Waste Systems and gave the stock a “strong-buy” rating in a research report on Monday, August 4th. Finally, Cowen restated a “buy” rating on shares of Casella Waste Systems in a research report on Friday, June 6th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $114.38.

Casella Waste Systems Price Performance

Casella Waste Systems stock opened at $86.69 on Friday. Casella Waste Systems has a 12 month low of $85.21 and a 12 month high of $121.24. The company has a current ratio of 1.70, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72. The business’s 50 day simple moving average is $100.19 and its 200 day simple moving average is $109.22. The company has a market cap of $5.50 billion, a price-to-earnings ratio of 481.61 and a beta of 0.84.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC grew its stake in shares of Casella Waste Systems by 51.0% during the second quarter. Orion Porfolio Solutions LLC now owns 3,884 shares of the industrial products company’s stock valued at $448,000 after buying an additional 1,312 shares during the last quarter. Silverlake Wealth Management LLC grew its stake in shares of Casella Waste Systems by 46.9% during the second quarter. Silverlake Wealth Management LLC now owns 2,740 shares of the industrial products company’s stock valued at $316,000 after buying an additional 875 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Casella Waste Systems during the second quarter valued at about $274,000. Tower Research Capital LLC TRC grew its stake in shares of Casella Waste Systems by 219.5% during the second quarter. Tower Research Capital LLC TRC now owns 8,966 shares of the industrial products company’s stock valued at $1,034,000 after buying an additional 6,160 shares during the last quarter. Finally, Vident Advisory LLC bought a new position in shares of Casella Waste Systems during the second quarter valued at about $238,000. 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.