Barclays Upgrades Casella Waste Systems (NASDAQ:CWST) to “Equal Weight”

Casella Waste Systems (NASDAQ:CWST) was upgraded by research analysts at Barclays from an “underweight” rating to an “equal weight” rating in a report released on Monday, Marketbeat.com reports. The firm currently has a $95.00 price objective on the industrial products company’s stock, up from their previous price objective of $88.00. Barclays‘s target price points to a potential upside of 5.61% from the company’s previous close.

Several other research analysts have also recently commented on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Casella Waste Systems in a research report on Wednesday, October 8th. Raymond James Financial reissued a “strong-buy” rating and set a $120.00 price target on shares of Casella Waste Systems in a research report on Monday. Stifel Nicolaus initiated coverage on Casella Waste Systems in a research report on Monday, September 29th. They set a “buy” rating and a $113.00 price target for the company. The Goldman Sachs Group reduced their price target on Casella Waste Systems from $125.00 to $111.00 and set a “buy” rating for the company in a research report on Monday. Finally, William Blair reissued an “outperform” rating on shares of Casella Waste Systems in a research report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Casella Waste Systems has a consensus rating of “Moderate Buy” and a consensus target price of $113.75.

Casella Waste Systems Stock Up 1.4%

NASDAQ:CWST opened at $89.95 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.61 and a current ratio of 1.70. The company has a market cap of $5.71 billion, a PE ratio of 499.72 and a beta of 0.84. Casella Waste Systems has a 52-week low of $82.22 and a 52-week high of $121.24. The stock has a 50-day simple moving average of $90.70 and a 200 day simple moving average of $104.26.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Thursday, October 30th. The industrial products company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.33 by $0.09. Casella Waste Systems had a return on equity of 4.97% and a net margin of 0.64%.The firm had revenue of $485.35 million during the quarter, compared to analysts’ expectations of $477.24 million. During the same period in the prior year, the firm posted $0.27 earnings per share. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. Casella Waste Systems has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Casella Waste Systems will post 1.16 EPS for the current fiscal year.

Institutional Trading of Casella Waste Systems

Several hedge funds have recently added to or reduced their stakes in CWST. Teacher Retirement System of Texas acquired a new stake in Casella Waste Systems during the 1st quarter worth approximately $1,480,000. Capital Investment Advisory Services LLC acquired a new stake in Casella Waste Systems during the 1st quarter worth approximately $235,000. Bank of New York Mellon Corp lifted its holdings in Casella Waste Systems by 157.6% during the 1st quarter. Bank of New York Mellon Corp now owns 740,000 shares of the industrial products company’s stock worth $82,517,000 after purchasing an additional 452,776 shares during the last quarter. Liberty One Investment Management LLC lifted its holdings in Casella Waste Systems by 12.2% during the 1st quarter. Liberty One Investment Management LLC now owns 1,822 shares of the industrial products company’s stock worth $203,000 after purchasing an additional 198 shares during the last quarter. Finally, Cerity Partners LLC lifted its holdings in Casella Waste Systems by 11.9% during the 1st quarter. Cerity Partners LLC now owns 9,169 shares of the industrial products company’s stock worth $1,022,000 after purchasing an additional 976 shares during the last quarter. 99.51% of the stock is owned by institutional investors and hedge funds.

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.