Casella Waste Systems (NASDAQ:CWST) Price Target Increased to $122.00 by Analysts at Raymond James

Casella Waste Systems (NASDAQ:CWST) had its price objective raised by Raymond James from $121.00 to $122.00 in a report issued on Thursday morning, Benzinga reports. They currently have a strong-buy rating on the industrial products company’s stock.

Other analysts have also recently issued reports about the company. Stifel Nicolaus reiterated a buy rating and set a $117.00 price target (up from $110.00) on shares of Casella Waste Systems in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft initiated coverage on Casella Waste Systems in a research note on Thursday, May 23rd. They set a hold rating and a $106.00 price objective for the company. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Casella Waste Systems has a consensus rating of Moderate Buy and a consensus target price of $108.20.

Casella Waste Systems Stock Performance

Shares of CWST opened at $99.83 on Thursday. The stock has a market capitalization of $5.79 billion, a PE ratio of 322.03, a price-to-earnings-growth ratio of 9.08 and a beta of 0.99. The business’s fifty day moving average price is $104.80 and its 200 day moving average price is $99.56. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.58 and a quick ratio of 1.51. Casella Waste Systems has a 12-month low of $72.97 and a 12-month high of $109.08.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.06). Casella Waste Systems had a net margin of 1.35% and a return on equity of 3.83%. The business had revenue of $377.20 million during the quarter, compared to analyst estimates of $373.87 million. During the same period last year, the firm posted $0.36 earnings per share. The company’s quarterly revenue was up 30.2% on a year-over-year basis. Equities research analysts forecast that Casella Waste Systems will post 0.57 EPS for the current year.

Institutional Trading of Casella Waste Systems

Several large investors have recently added to or reduced their stakes in CWST. Private Advisor Group LLC acquired a new position in Casella Waste Systems during the 4th quarter worth $232,000. Envestnet Portfolio Solutions Inc. bought a new position in Casella Waste Systems in the 4th quarter valued at about $267,000. Principal Financial Group Inc. increased its stake in Casella Waste Systems by 10.7% during the 4th quarter. Principal Financial Group Inc. now owns 6,533 shares of the industrial products company’s stock valued at $558,000 after buying an additional 632 shares during the period. Norges Bank bought a new stake in shares of Casella Waste Systems during the 4th quarter worth about $25,106,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Casella Waste Systems in the 4th quarter worth approximately $771,000. 99.51% of the stock is currently owned by institutional investors and hedge funds.

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.