CWST
The Street still likes the trash business
Casella Waste Systems is getting the classic analyst treatment: a little bit of love, a little bit of side-eye, and somehow a bullish average anyway. MarketBeat says 12 analysts now split into 1 sell, 2 holds, 7 buys, and 2 strong buys, which shakes out to a “Moderate Buy” consensus and an average 1-year target of $111.
Translation: not a parade, but not a problem either
For investors, the takeaway is pretty simple. Analysts still think CWST has room to run from here, even after a few recent calls went the other way — including Weiss Ratings cutting the stock to sell and UBS trimming its price target from $140 to $130. That kind of mixed messaging usually means the market hasn’t made up its mind, which is basically Wall Street’s version of saying, “We like the company, but don’t make us commit emotionally.”
The not-so-fun footnote
There’s also an insider-selling wrinkle here. CEO John W. Casella sold 6,726 shares at about $93.10, and insiders sold roughly $1.45 million worth over the quarter. That doesn’t automatically mean trouble — executives sell for all kinds of reasons — but when you pair it with a stock that’s already under the microscope, investors tend to notice.
Big picture: analysts still see upside, but CWST isn’t getting a unanimous standing ovation. It’s more like a cautious golf clap with a few people checking the exits.