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Casella Waste Sys stock soars to all-time high of $116.4

Published 14/04/2025, 18:04
Casella Waste Sys stock soars to all-time high of $116.4
CWST
1.56%

Casella Waste Systems, Inc. (NASDAQ:CWST) stock has reached an environmental pinnacle, hitting an all-time high of $116.4, with an impressive 10.62% gain just in the past week according to InvestingPro data. This peak reflects a robust ascent in the company’s market valuation to $7.33 billion, resonating with investors’ growing confidence in the waste management firm’s performance and strategic direction. Over the past year, Casella Waste Systems has seen its stock price swell by an impressive 20.83%, supported by strong revenue growth of 23.15% and a healthy current ratio of 2.0. InvestingPro analysis indicates the stock is currently trading above its Fair Value, with 12 additional ProTips available for subscribers. This significant milestone underscores the company’s success in navigating the complexities of the waste management industry and capitalizing on opportunities for growth and innovation, earning an overall "GOOD" Financial Health rating from InvestingPro’s comprehensive analysis framework.

In other recent news, Casella Waste Systems reported its fourth-quarter financial results for 2024, showing a mixed performance. The company achieved a revenue of $427.5 million, surpassing the forecast of $418.58 million and marking an 18.9% increase year-over-year. However, the earnings per share (EPS) fell short of expectations, coming in at $0.08 compared to the projected $0.16. Stifel analysts responded by raising Casella Waste’s stock target to $129, maintaining a Buy rating due to the company’s significant growth in key financial metrics. Casella Waste Systems also reported over 20% growth in revenue, adjusted EBITDA, and adjusted free cash flow for the fiscal year 2024. The company continues to focus on strategic mergers and acquisitions, having invested over $1.6 billion, which has contributed to an AEBITDA compound annual growth rate of 18.2% over the last five years. Looking forward to 2025, Casella projects a 15% revenue growth, with anticipated revenues between $1.775 and $1.805 billion, supported by strategic initiatives and market expansion.

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