Casella Waste Systems, Inc. (NASDAQ:CWST) Receives $114.00 Average Target Price from Brokerages

Shares of Casella Waste Systems, Inc. (NASDAQ:CWST) have received a consensus rating of “Buy” from the five ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $114.00.

CWST has been the subject of a number of research analyst reports. William Blair began coverage on shares of Casella Waste Systems in a research note on Thursday, October 3rd. They issued an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft cut their target price on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Raymond James lifted their price target on Casella Waste Systems from $121.00 to $122.00 and gave the company a “strong-buy” rating in a research report on Thursday, September 19th. Finally, Stifel Nicolaus upped their price objective on Casella Waste Systems from $117.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, December 11th.

Casella Waste Systems Stock Performance

Shares of NASDAQ CWST opened at $105.20 on Friday. Casella Waste Systems has a 12-month low of $80.04 and a 12-month high of $114.88. The company has a current ratio of 2.55, a quick ratio of 2.48 and a debt-to-equity ratio of 0.68. The company has a market cap of $6.66 billion, a PE ratio of 876.67, a P/E/G ratio of 6.53 and a beta of 1.02. The stock has a 50 day simple moving average of $107.34 and a 200-day simple moving average of $104.33.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The business had revenue of $411.63 million for the quarter, compared to analyst estimates of $412.59 million. Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. Casella Waste Systems’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period last year, the business posted $0.35 earnings per share. On average, equities research analysts forecast that Casella Waste Systems will post 0.65 EPS for the current year.

Insider Buying and Selling at Casella Waste Systems

In related news, SVP Paul Ligon sold 1,730 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $106.81, for a total value of $184,781.30. Following the completion of the sale, the senior vice president now owns 21,085 shares of the company’s stock, valued at approximately $2,252,088.85. The trade was a 7.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 4.24% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in Casella Waste Systems by 64.5% in the third quarter. GAMMA Investing LLC now owns 528 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 207 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Casella Waste Systems by 6.4% during the 3rd quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company’s stock worth $210,000 after acquiring an additional 126 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Casella Waste Systems by 12.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,743 shares of the industrial products company’s stock valued at $272,000 after acquiring an additional 311 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in shares of Casella Waste Systems by 9.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,932 shares of the industrial products company’s stock valued at $292,000 after acquiring an additional 265 shares in the last quarter. Finally, OneAscent Financial Services LLC acquired a new stake in Casella Waste Systems in the 3rd quarter worth approximately $301,000. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Company Profile

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.