Casella Waste Systems, Inc. (NASDAQ:CWST) Given Consensus Recommendation of “Buy” by Brokerages

Casella Waste Systems, Inc. (NASDAQ:CWST) has received an average rating of “Buy” from the five analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $108.20.

Several analysts have recently commented on the stock. Raymond James increased their price target on shares of Casella Waste Systems from $121.00 to $122.00 and gave the company a “strong-buy” rating in a research note on Thursday, September 19th. Stifel Nicolaus reissued a “buy” rating and issued a $117.00 target price (up from $110.00) on shares of Casella Waste Systems in a research note on Monday, August 5th.

Casella Waste Systems Stock Up 0.0 %

Shares of CWST opened at $100.13 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.58 and a quick ratio of 1.51. The company has a market capitalization of $5.81 billion, a P/E ratio of 323.00, a PEG ratio of 9.08 and a beta of 0.99. The business’s 50 day simple moving average is $104.59 and its 200-day simple moving average is $99.65. Casella Waste Systems has a one year low of $72.97 and a one year high of $109.08.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $377.20 million for the quarter, compared to analyst estimates of $373.87 million. During the same quarter last year, the company earned $0.36 EPS. The firm’s quarterly revenue was up 30.2% on a year-over-year basis. As a group, sell-side analysts predict that Casella Waste Systems will post 0.57 EPS for the current fiscal year.

Institutional Investors Weigh In On Casella Waste Systems

Institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its holdings in Casella Waste Systems by 10.7% during the fourth quarter. Principal Financial Group Inc. now owns 6,533 shares of the industrial products company’s stock worth $558,000 after buying an additional 632 shares during the last quarter. Norges Bank bought a new position in Casella Waste Systems during the 4th quarter worth approximately $25,106,000. Corient Private Wealth LLC grew its holdings in Casella Waste Systems by 91.3% during the fourth quarter. Corient Private Wealth LLC now owns 16,904 shares of the industrial products company’s stock valued at $1,445,000 after purchasing an additional 8,066 shares during the period. Johnson Financial Group Inc. bought a new stake in Casella Waste Systems in the fourth quarter valued at approximately $28,000. Finally, Parallel Advisors LLC raised its holdings in Casella Waste Systems by 232.0% in the fourth quarter. Parallel Advisors LLC now owns 332 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 232 shares during the period. 99.51% of the stock is 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.