Casella Waste Systems, Inc. (NASDAQ:CWST) Receives Average Recommendation of “Buy” from Analysts

Shares of Casella Waste Systems, Inc. (NASDAQ:CWST) have earned an average rating of “Buy” from the five analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $100.40.

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft began coverage on Casella Waste Systems in a research report on Thursday, May 23rd. They issued a “hold” rating and a $106.00 target price on the stock. Wells Fargo & Company increased their price objective on Casella Waste Systems from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th.

Hedge Funds Weigh In On Casella Waste Systems

Several institutional investors have recently added to or reduced their stakes in the stock. Genesee Capital Advisors LLC boosted its stake in shares of Casella Waste Systems by 1.5% in the first quarter. Genesee Capital Advisors LLC now owns 7,384 shares of the industrial products company’s stock valued at $730,000 after buying an additional 111 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Casella Waste Systems by 9.9% during the 4th quarter. Allworth Financial LP now owns 1,663 shares of the industrial products company’s stock worth $142,000 after purchasing an additional 150 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Casella Waste Systems by 1.6% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 10,013 shares of the industrial products company’s stock worth $856,000 after buying an additional 160 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Casella Waste Systems by 1.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 16,286 shares of the industrial products company’s stock valued at $1,610,000 after buying an additional 160 shares during the last quarter. Finally, Harbor Investment Advisory LLC lifted its stake in shares of Casella Waste Systems by 38.1% during the first quarter. Harbor Investment Advisory LLC now owns 613 shares of the industrial products company’s stock valued at $61,000 after buying an additional 169 shares during the period. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Stock Down 0.6 %

CWST opened at $96.38 on Monday. The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of 310.90, a PEG ratio of 6.10 and a beta of 0.97. Casella Waste Systems has a fifty-two week low of $72.97 and a fifty-two week high of $101.99. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.50 and a current ratio of 1.58. The company has a fifty day moving average of $96.02 and a two-hundred day moving average of $91.38.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Friday, April 26th. The industrial products company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. Casella Waste Systems had a return on equity of 4.47% and a net margin of 1.32%. The firm had revenue of $341.00 million during the quarter, compared to analysts’ expectations of $340.70 million. During the same period in the previous year, the business earned $0.10 earnings per share. The firm’s revenue for the quarter was up 29.9% on a year-over-year basis. On average, research analysts expect that Casella Waste Systems will post 0.79 earnings per share for the current year.

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.