Casella Waste Systems, Inc. (NASDAQ:CWST) Receives $108.20 Average Price Target from Brokerages

Shares of Casella Waste Systems, Inc. (NASDAQ:CWST) have earned an average recommendation of “Buy” from the five research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $108.20.

A number of research analysts have weighed in on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $117.00 price objective (up from $110.00) on shares of Casella Waste Systems in a research note on Monday, August 5th. Raymond James upped their price target on shares of Casella Waste Systems from $121.00 to $122.00 and gave the stock a “strong-buy” rating in a research report on Thursday, September 19th.

Casella Waste Systems Trading Up 0.1 %

CWST stock opened at $98.36 on Wednesday. The company has a quick ratio of 1.51, a current ratio of 1.58 and a debt-to-equity ratio of 0.94. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 317.29, a PEG ratio of 7.89 and a beta of 0.99. The business has a fifty day simple moving average of $104.14 and a 200-day simple moving average of $99.75. Casella Waste Systems has a 52 week low of $72.97 and a 52 week high of $109.08.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.06). Casella Waste Systems had a return on equity of 3.83% and a net margin of 1.35%. The firm had revenue of $377.20 million during the quarter, compared to analysts’ expectations of $373.87 million. During the same quarter last year, the business earned $0.36 earnings per share. The business’s revenue for the quarter was up 30.2% compared to the same quarter last year. On average, equities research analysts expect that Casella Waste Systems will post 0.62 EPS for the current year.

Hedge Funds Weigh In On Casella Waste Systems

A number of institutional investors have recently added to or reduced their stakes in the company. Wasatch Advisors LP purchased a new position in shares of Casella Waste Systems during the 1st quarter valued at approximately $91,317,000. Capital Research Global Investors increased its position in shares of Casella Waste Systems by 277.1% in the 1st quarter. Capital Research Global Investors now owns 723,405 shares of the industrial products company’s stock worth $71,523,000 after purchasing an additional 531,573 shares during the last quarter. Norges Bank acquired a new stake in shares of Casella Waste Systems in the 4th quarter valued at about $25,106,000. Conestoga Capital Advisors LLC lifted its position in shares of Casella Waste Systems by 7.7% during the first quarter. Conestoga Capital Advisors LLC now owns 3,284,975 shares of the industrial products company’s stock worth $324,785,000 after purchasing an additional 235,260 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in Casella Waste Systems by 17.8% in the fourth quarter. Wellington Management Group LLP now owns 983,826 shares of the industrial products company’s stock worth $84,078,000 after purchasing an additional 148,913 shares in the last quarter. 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.