Casella Waste Systems (NASDAQ:CWST) Given New $129.00 Price Target at Stifel Nicolaus

Casella Waste Systems (NASDAQ:CWST) had its price objective upped by Stifel Nicolaus from $127.00 to $129.00 in a research report report published on Tuesday,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

Several other analysts have also weighed in on CWST. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating for the company in a report on Friday, November 1st. William Blair reaffirmed an “outperform” rating on shares of Casella Waste Systems in a report on Friday, February 14th. Finally, Jefferies Financial Group lowered shares of Casella Waste Systems from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $115.00 to $113.00 in a report on Thursday, January 23rd. Two research 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. Based on data from MarketBeat.com, Casella Waste Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.20.

Casella Waste Systems Stock Performance

NASDAQ CWST opened at $115.01 on Tuesday. The stock has a market cap of $7.28 billion, a P/E ratio of 958.42, a PEG ratio of 3.89 and a beta of 1.04. The company’s 50-day simple moving average is $107.76 and its 200 day simple moving average is $105.88. Casella Waste Systems has a twelve month low of $86.41 and a twelve month high of $115.12. The company has a quick ratio of 2.48, a current ratio of 2.55 and a debt-to-equity ratio of 0.68.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.25. Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. As a group, research analysts forecast that Casella Waste Systems will post 0.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Casella Waste Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wasatch Advisors LP boosted its position in shares of Casella Waste Systems by 48.2% during the fourth quarter. Wasatch Advisors LP now owns 2,577,308 shares of the industrial products company’s stock worth $272,705,000 after purchasing an additional 838,086 shares in the last quarter. Zimmer Partners LP bought a new position in shares of Casella Waste Systems during the third quarter worth $50,854,000. Wellington Management Group LLP boosted its position in shares of Casella Waste Systems by 50.4% during the third quarter. Wellington Management Group LLP now owns 1,454,453 shares of the industrial products company’s stock worth $144,704,000 after purchasing an additional 487,661 shares in the last quarter. Norges Bank bought a new position in shares of Casella Waste Systems during the fourth quarter worth $43,785,000. Finally, Raymond James Financial Inc. bought a new position in shares of Casella Waste Systems during the fourth quarter worth $31,326,000. 99.51% of the stock is owned by institutional investors.

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.