Casella Waste: Strong Performance and Strategic Growth Drive Buy Rating

William Blair analyst Trevor Romeo has reiterated their bullish stance on CWST stock, giving a Buy rating on April 16.

Trevor Romeo has given his Buy rating due to a combination of factors that highlight Casella Waste’s strong performance and potential for growth. The company has shown impressive results in the first quarter, surpassing expectations in revenue, adjusted EBITDA, and adjusted free cash flow, which indicates its robust financial health. This performance is particularly noteworthy given the current uncertain macroeconomic environment, showcasing Casella’s resilience and operational efficiency.
Additionally, Casella Waste’s strategic positioning as a 100% domestic and pure-play solid waste and recycling company makes it an attractive investment. The company’s ability to achieve double-digit free cash flow growth, despite challenges in waste volumes, and its successful acquisition strategy, as evidenced by the recent purchase of Seyrek Disposal, further support the Buy rating. These elements suggest that Casella Waste is well-positioned to continue its upward trajectory, making it a promising investment opportunity.

In another report released on April 16, Raymond James also maintained a Buy rating on the stock with a $135.00 price target.