Analysts Set Casella Waste Systems, Inc. (NASDAQ:CWST) PT at $114.33

Casella Waste Systems, Inc. (NASDAQ:CWST) has received a consensus rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $114.3333.

Several research firms have weighed in on CWST. UBS Group upped their price target on Casella Waste Systems from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Stifel Nicolaus initiated coverage on shares of Casella Waste Systems in a research report on Monday, September 29th. They set a “buy” rating and a $113.00 target price for the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Casella Waste Systems in a research note on Monday, December 29th. JPMorgan Chase & Co. started coverage on shares of Casella Waste Systems in a research note on Thursday, December 11th. They issued a “neutral” rating and a $112.00 price target on the stock. Finally, Loop Capital raised shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a report on Friday, September 19th.

Hedge Funds Weigh In On Casella Waste Systems

Several institutional investors have recently added to or reduced their stakes in CWST. Liberty One Investment Management LLC raised its holdings in shares of Casella Waste Systems by 7.8% during the 2nd quarter. Liberty One Investment Management LLC now owns 1,964 shares of the industrial products company’s stock worth $227,000 after acquiring an additional 142 shares in the last quarter. Moran Wealth Management LLC increased its position in Casella Waste Systems by 2.5% in the second quarter. Moran Wealth Management LLC now owns 5,894 shares of the industrial products company’s stock worth $680,000 after purchasing an additional 145 shares during the last quarter. Mackenzie Financial Corp raised its stake in Casella Waste Systems by 3.9% during the third quarter. Mackenzie Financial Corp now owns 3,975 shares of the industrial products company’s stock valued at $377,000 after purchasing an additional 149 shares in the last quarter. Cetera Trust Company N.A raised its stake in Casella Waste Systems by 4.9% during the second quarter. Cetera Trust Company N.A now owns 3,315 shares of the industrial products company’s stock valued at $382,000 after purchasing an additional 155 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in Casella Waste Systems by 5.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 3,115 shares of the industrial products company’s stock valued at $359,000 after purchasing an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Price Performance

NASDAQ:CWST opened at $99.96 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.51 and a debt-to-equity ratio of 0.72. The business’s 50-day simple moving average is $95.95 and its two-hundred day simple moving average is $97.49. The stock has a market cap of $6.35 billion, a PE ratio of 416.52 and a beta of 0.80. Casella Waste Systems has a 52 week low of $82.22 and a 52 week high of $121.24.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. Casella Waste Systems had a return on equity of 5.63% and a net margin of 0.85%.The firm had revenue of $485.35 million during the quarter, compared to analyst estimates of $477.24 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. As a group, analysts forecast that Casella Waste Systems will post 1.16 EPS for the current fiscal year.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc is a regional resource management company headquartered in Rutland, Vermont. Established in 1975, the company has grown from a single-truck operation into a multi-state provider of integrated waste management solutions. Casella offers a comprehensive range of services, including residential, commercial and industrial waste collection, transfer station operations, landfill disposal, recycling processing and organics management.

Through a network of solid waste transfer stations, recycling facilities and landfills, Casella serves communities primarily across the northeastern United States and parts of the mid-Atlantic region.