Raymond James has raised its price target for Casella Waste Systems (CWST, Financial) from $123 to $135, maintaining a Strong Buy rating on the stock. This adjustment comes ahead of the company's first-quarter results, which the firm predicts will align with market expectations.
The recent assessment suggests that the waste and industrial services sector is maintaining steady performance, with core business trends proceeding as anticipated. Specifically, core pricing has increased in the mid-single digits on a year-over-year basis, while volume has seen a slight decline across the industry. Despite these dynamics, Raymond James anticipates the company's performance to meet the previously established guidance set approximately six weeks prior.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Casella Waste Systems Inc (CWST, Financial) is $117.29 with a high estimate of $135.00 and a low estimate of $96.64. The average target implies an downside of 0.63% from the current price of $118.04. More detailed estimate data can be found on the Casella Waste Systems Inc (CWST) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, Casella Waste Systems Inc's (CWST, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Casella Waste Systems Inc (CWST, Financial) in one year is $118.05, suggesting a upside of 0.01% from the current price of $118.04. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Casella Waste Systems Inc (CWST) Summary page.
