Casella Waste Systems, Inc. (NASDAQ:CWST) Receives $120.20 Consensus Price Target from Analysts

Casella Waste Systems, Inc. (NASDAQ:CWST) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $122.67.

Several equities analysts have recently issued reports on CWST shares. TD Cowen assumed coverage on shares of Casella Waste Systems in a report on Wednesday, April 9th. They set a “buy” rating and a $130.00 price target for the company. Stifel Nicolaus upped their target price on shares of Casella Waste Systems from $127.00 to $129.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. UBS Group raised their price target on shares of Casella Waste Systems from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, April 11th. Jefferies Financial Group lowered Casella Waste Systems from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $115.00 to $113.00 in a report on Thursday, January 23rd. Finally, William Blair reaffirmed an “outperform” rating on shares of Casella Waste Systems in a research note on Friday, February 14th.

Casella Waste Systems Price Performance

CWST opened at $118.04 on Wednesday. The company has a quick ratio of 2.48, a current ratio of 2.00 and a debt-to-equity ratio of 0.70. The company’s 50-day moving average price is $110.69 and its 200 day moving average price is $107.82. Casella Waste Systems has a fifty-two week low of $86.41 and a fifty-two week high of $118.19. The firm has a market cap of $7.48 billion, a price-to-earnings ratio of 513.22, a price-to-earnings-growth ratio of 3.86 and a beta of 0.96.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.25. Casella Waste Systems had a return on equity of 4.15% and a net margin of 0.87%. As a group, sell-side analysts expect that Casella Waste Systems will post 1.16 earnings per share for the current year.

Institutional Trading of Casella Waste Systems

Hedge funds and other institutional investors have recently modified their holdings of the company. Mather Group LLC. grew its holdings in Casella Waste Systems by 1,606.7% during the fourth quarter. Mather Group LLC. now owns 256 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 241 shares during the period. Covestor Ltd raised its holdings in shares of Casella Waste Systems by 124.4% in the 4th quarter. Covestor Ltd now owns 276 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 153 shares in the last quarter. Quarry LP acquired a new stake in Casella Waste Systems during the fourth quarter valued at approximately $30,000. NBC Securities Inc. bought a new stake in Casella Waste Systems during the first quarter worth approximately $31,000. Finally, Jones Financial Companies Lllp grew its position in Casella Waste Systems by 156.5% in the fourth quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company’s stock worth $34,000 after buying an additional 194 shares during the last quarter. Institutional investors 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.