Casella Waste Systems, Inc. (NASDAQ:CWST) Receives $120.20 Consensus Price Target from Analysts

Casella Waste Systems, Inc. (NASDAQ:CWST) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $122.67.

CWST has been the topic of a number of recent research reports. UBS Group raised their price objective on shares of Casella Waste Systems from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Friday. TD Cowen assumed coverage on shares of Casella Waste Systems in a research note on Wednesday, April 9th. They issued a “buy” rating and a $130.00 target price for the company. Stifel Nicolaus lifted their price target on shares of Casella Waste Systems from $127.00 to $129.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Jefferies Financial Group cut shares of Casella Waste Systems from a “buy” rating to a “hold” rating and lowered their price objective for the company from $115.00 to $113.00 in a research report on Thursday, January 23rd. Finally, William Blair reiterated an “outperform” rating on shares of Casella Waste Systems in a report on Friday, February 14th.

Institutional Trading of Casella Waste Systems

Several hedge funds and other institutional investors have recently modified their holdings of CWST. Mather Group LLC. grew its holdings in shares of Casella Waste Systems by 1,606.7% during the fourth quarter. Mather Group LLC. now owns 256 shares of the industrial products company’s stock worth $27,000 after buying an additional 241 shares in the last quarter. Covestor Ltd boosted its position in Casella Waste Systems by 124.4% during the 4th quarter. Covestor Ltd now owns 276 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 153 shares during the last quarter. Quarry LP acquired a new position in Casella Waste Systems during the 4th quarter worth approximately $30,000. NBC Securities Inc. bought a new position in shares of Casella Waste Systems during the 1st quarter worth approximately $31,000. Finally, Jones Financial Companies Lllp increased its stake in Casella Waste Systems by 156.5% in the 4th quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company’s stock valued at $34,000 after buying an additional 194 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Trading Up 0.9 %

CWST stock opened at $115.08 on Wednesday. The company has a quick ratio of 2.48, a current ratio of 2.00 and a debt-to-equity ratio of 0.70. Casella Waste Systems has a twelve month low of $86.41 and a twelve month high of $116.31. The company has a market cap of $7.29 billion, a P/E ratio of 500.35, a PEG ratio of 3.86 and a beta of 0.96. The business has a fifty day moving average of $110.35 and a 200-day moving average of $107.62.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.25. Casella Waste Systems had a return on equity of 4.15% and a net margin of 0.87%. As a group, equities research analysts expect that Casella Waste Systems will post 1.16 EPS for the current year.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.