The Goldman Sachs Group Cuts Casella Waste Systems (NASDAQ:CWST) Price Target to $111.00

Casella Waste Systems (NASDAQ:CWST) had its price target reduced by The Goldman Sachs Group from $125.00 to $111.00 in a report issued on Monday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the industrial products company’s stock.

Several other research firms have also issued reports on CWST. Stifel Nicolaus assumed coverage on shares of Casella Waste Systems in a research note on Monday, September 29th. They set a “buy” rating and a $113.00 target price on the stock. UBS Group lifted their price objective on shares of Casella Waste Systems from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday. Raymond James Financial restated a “strong-buy” rating and issued a $120.00 price objective on shares of Casella Waste Systems in a research note on Monday. Loop Capital upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Friday, September 19th. Finally, Barclays set a $95.00 price target on shares of Casella Waste Systems and gave the company an “equal weight” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $113.75.

Casella Waste Systems Stock Up 0.1%

Shares of NASDAQ CWST opened at $90.00 on Monday. 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 cap of $5.71 billion, a P/E ratio of 500.00 and a beta of 0.84. Casella Waste Systems has a 1 year low of $82.22 and a 1 year high of $121.24. The firm has a 50-day simple moving average of $90.49 and a two-hundred day simple moving average of $104.16.

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

Institutional Investors Weigh In On Casella Waste Systems

Several hedge funds have recently bought and sold shares of CWST. Maseco LLP purchased a new position in Casella Waste Systems during the second quarter valued at approximately $25,000. Ameritas Advisory Services LLC acquired a new stake in Casella Waste Systems in the second quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd lifted its stake in 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 valued at $25,000 after acquiring an additional 166 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Casella Waste Systems by 180.2% in the third quarter. Smartleaf Asset Management LLC now owns 297 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 191 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in 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 valued at $27,000 after acquiring an additional 184 shares during the last quarter. 99.51% of the stock is owned by hedge funds and other institutional investors.

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.