Casella Waste Systems (NASDAQ:CWST) Research Coverage Started at TD Cowen

TD Cowen started coverage on shares of Casella Waste Systems (NASDAQ:CWST) in a research report sent to investors on Wednesday, Marketbeat Ratings reports. The firm issued a buy rating and a $130.00 price target on the industrial products company’s stock.

Several other equities analysts also recently weighed in on CWST. William Blair reiterated an “outperform” rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Stifel Nicolaus raised their target price 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. Finally, Jefferies Financial Group lowered shares of Casella Waste Systems from a “buy” rating to a “hold” rating and dropped their price target for the stock from $115.00 to $113.00 in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $122.67.

Casella Waste Systems Stock Performance

Shares of NASDAQ CWST opened at $115.08 on Wednesday. The company has a 50-day simple moving average of $110.35 and a 200-day simple moving average of $107.55. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.00 and a quick ratio of 2.48. The company has a market cap of $7.29 billion, a PE ratio of 500.35, a price-to-earnings-growth ratio of 3.86 and a beta of 0.96. Casella Waste Systems has a 12 month low of $86.41 and a 12 month high of $116.31.

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

Institutional Trading of Casella Waste Systems

Institutional investors and hedge funds have recently bought and sold shares of the business. Mather Group LLC. grew its stake in 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 during the period. Covestor Ltd lifted its holdings in shares of Casella Waste Systems by 124.4% during the 4th quarter. Covestor Ltd now owns 276 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 153 shares in the last quarter. Quarry LP purchased a new stake in Casella Waste Systems during the 4th quarter worth $30,000. NBC Securities Inc. acquired a new stake in Casella Waste Systems in the 1st quarter valued at $31,000. Finally, Jones Financial Companies Lllp raised its position in Casella Waste Systems by 156.5% in the fourth quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 194 shares during the period. Institutional investors and hedge funds own 99.51% of the company’s stock.

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.