UBS Group Raises Casella Waste Systems (NASDAQ:CWST) Price Target to $135.00

Casella Waste Systems (NASDAQ:CWST) had its price objective increased by equities researchers at UBS Group from $130.00 to $135.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. UBS Group’s price target points to a potential upside of 17.31% from the company’s previous close.

Several other equities research analysts have also weighed in on the company. William Blair reaffirmed an “outperform” rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Jefferies Financial Group cut shares of Casella Waste Systems from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $115.00 to $113.00 in a report on Thursday, January 23rd. Stifel Nicolaus boosted their target price on shares of Casella Waste Systems from $127.00 to $129.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, TD Cowen began coverage on shares of Casella Waste Systems in a research note on Wednesday. They issued a “buy” rating and a $130.00 price target on the stock. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $122.67.

Casella Waste Systems Trading Up 0.9 %

NASDAQ CWST opened at $115.08 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.48 and a current ratio of 2.00. Casella Waste Systems has a one year low of $86.41 and a one year high of $116.31. The company has a 50-day simple moving average of $110.35 and a 200-day simple moving average of $107.55. The firm has a market capitalization 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 (NASDAQ:CWST) last issued its earnings results on Wednesday, February 12th. The industrial products company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.25. Casella Waste Systems had a return on equity of 4.15% and a net margin of 0.87%. On average, equities analysts forecast that Casella Waste Systems will post 1.16 earnings per share for the current year.

Hedge Funds Weigh In On Casella Waste Systems

Several large investors have recently bought and sold shares of the stock. Mather Group LLC. boosted its holdings in shares of Casella Waste Systems by 1,606.7% in the fourth quarter. Mather Group LLC. now owns 256 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 241 shares in the last quarter. Covestor Ltd lifted its position in Casella Waste Systems by 124.4% in the fourth quarter. Covestor Ltd now owns 276 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 153 shares during the period. Quarry LP bought a new position in Casella Waste Systems during the 4th quarter valued at $30,000. NBC Securities Inc. bought a new position in Casella Waste Systems during the 1st quarter valued at $31,000. Finally, Jones Financial Companies Lllp increased its position in shares of Casella Waste Systems by 156.5% during the 4th 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.

About Casella Waste Systems

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.