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

Casella Waste Systems (NASDAQ:CWST) had its target price cut by research analysts at The Goldman Sachs Group from $125.00 to $111.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. The Goldman Sachs Group’s target price indicates a potential upside of 23.90% from the company’s previous close.

Several other brokerages have also recently commented on CWST. Barclays set a $95.00 target price on shares of Casella Waste Systems and gave the company an “equal weight” rating in a research report on Monday. William Blair reiterated an “outperform” rating on shares of Casella Waste Systems in a research report on Tuesday, July 15th. Stifel Nicolaus assumed coverage on shares of Casella Waste Systems in a research report on Monday, September 29th. They set a “buy” rating and a $113.00 target price for the company. UBS Group reiterated a “buy” rating and set a $140.00 target price on shares of Casella Waste Systems in a research report on Monday. Finally, Loop Capital upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $113.75.

Casella Waste Systems Price Performance

CWST traded up $1.02 during midday trading on Monday, reaching $89.59. 166,849 shares of the company’s stock were exchanged, compared to its average volume of 478,951. The firm has a market capitalization of $5.69 billion, a price-to-earnings ratio of 498.36 and a beta of 0.84. The company has a quick ratio of 1.61, a current ratio of 1.70 and a debt-to-equity ratio of 0.72. Casella Waste Systems has a one year low of $82.22 and a one year high of $121.24. The business has a 50-day simple moving average of $91.09 and a two-hundred day simple moving average of $104.66.

Casella Waste Systems (NASDAQ:CWST) last posted its earnings results on Thursday, October 30th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. Casella Waste Systems had a net margin of 0.64% and a return on equity of 4.97%. The company had revenue of $485.35 million during the quarter, compared to analysts’ expectations of $477.24 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. Casella Waste Systems’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. As a group, research analysts predict that Casella Waste Systems will post 1.16 EPS for the current year.

Institutional Investors Weigh In On Casella Waste Systems

Large investors have recently modified their holdings of the business. Teacher Retirement System of Texas bought a new position in shares of Casella Waste Systems during the first quarter worth approximately $1,480,000. Intech Investment Management LLC lifted its holdings in shares of Casella Waste Systems by 12.9% during the first quarter. Intech Investment Management LLC now owns 25,994 shares of the industrial products company’s stock worth $2,899,000 after purchasing an additional 2,979 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Casella Waste Systems by 8.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,835 shares of the industrial products company’s stock worth $442,000 after purchasing an additional 289 shares during the period. Mutual of America Capital Management LLC lifted its holdings in shares of Casella Waste Systems by 0.4% during the first quarter. Mutual of America Capital Management LLC now owns 42,187 shares of the industrial products company’s stock worth $4,704,000 after purchasing an additional 174 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Casella Waste Systems during the second quarter worth $246,000. 99.51% of the stock is currently owned by 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.