On May 15, 2023, Stifel analyst Michael Hoffman announced that he maintains a Buy rating on Casella Waste Systems (CWST) and has raised the price target from $94 to $103. The stock analysis on TipRanks shows that the average rating for CWST stock is “Strong Buy,” and the 12-month stock price forecast is $95.5, indicating a 1.03% increase from the latest price.

Casella Waste Systems, Inc. is a reputable company offering resource management and services to residential, commercial, municipal, and industrial customers. The company specializes in solid waste collection, transfer, disposal, recycling, and organics services. Recently, Casella Waste Systems acquired GFL’s assets, a strategic move that expands its TAM and brings a desirable business mix.

CWST Stock: May 15, 2023 Market Performance and Earnings Projections

On May 15, 2023, CWST stock opened at 94.56, a slight increase from the previous close of 94.53. Throughout the day, the stock’s range fluctuated between 94.09 and 94.56. The volume was low at only 190, compared to the average volume of 201,717 over the past three months. CWST’s market cap remained at $4.9B. The company has shown impressive earnings growth over the past year, with a 28.36% increase. This year, earnings growth has slowed down but still remains positive at 11.34%. Over the next five years, CWST is projected to have a 14.93% earnings growth. The P/E ratio is high at 92.7, indicating that the stock may be overvalued. On May 15, 2023, CWST’s sector was Industrial Services, and its industry was Environmental Services. CWST’s next reporting date is on July 27, 2023, with an EPS forecast of $0.38. The company’s annual revenue from the previous year was $1.1B, with an annual profit of $53.1M.

Casella Waste Systems Inc (CWST) Receives Positive Outlook from Analysts with Median Target Price of $103.00

On May 15th, Casella Waste Systems Inc (CWST) had a median target price of $103.00, with a high estimate of $105.00 and a low estimate of $89.00, according to data from CNN Money. This represented a +8.94% increase from the last price of $94.55. The 5 analysts offering 12-month price forecasts for CWST had a median target of $103.00, indicating a positive outlook for the company. The current consensus among 7 polled investment analysts is to buy stock in CWST. This rating has held steady since April, when it was unchanged from a buy rating. CWST had earnings per share of $0.38 and sales of $304.3M in the current quarter, with a reporting date of July 27th, 2023. These figures suggest that the company is generating healthy revenue and earnings, which is likely contributing to the positive outlook from analysts. Investors may want to consider adding CWST to their portfolio, but should conduct thorough research and analysis before making any decisions.

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