Casella Waste Systems, Inc. (NASDAQ:CWST) Stock Has Average Target Price of $109.00 According to Analysts

Shares of Casella Waste Systems, Inc. (NASDAQ:CWST) have received an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $109.00.

A number of analysts have commented on CWST shares. Raymond James Financial restated a “strong-buy” rating and issued a $106.00 price target on shares of Casella Waste Systems in a research report on Friday, October 9th. JPMorgan Chase & Co. lowered their price objective on Casella Waste Systems from $105.00 to $91.00 and set a “neutral” rating on the stock in a research report on Thursday, October 8th. Zacks Research raised Casella Waste Systems from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 8th. Barclays boosted their price objective on Casella Waste Systems from $102.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Finally, Weiss Ratings raised shares of Casella Waste Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday.

Insider Activity at Casella Waste Systems

In other news, Director Douglas R. Casella sold 15,157 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $91.05, for a total value of $1,380,044.85. Following the completion of the sale, the director directly owned 91,484 shares of the company’s stock, valued at $8,329,618.20. This represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael K. Burke sold 1,100 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $95.26, for a total transaction of $104,786.00. Following the sale, the director owned 13,641 shares in the company, valued at $1,299,441.66. The trade was a 7.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,700 shares of company stock worth $1,709,494 in the last ninety days. Insiders own 3.78% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CWST. Counterpoint Mutual Funds LLC purchased a new stake in Casella Waste Systems during the 3rd quarter valued at approximately $524,000. ZWJ Investment Counsel Inc. raised its position in shares of Casella Waste Systems by 4.9% during the third quarter. ZWJ Investment Counsel Inc. now owns 4,006 shares of the industrial products company’s stock valued at $322,000 after buying an additional 188 shares during the last quarter. WoodTrust Financial Corp lifted its holdings in shares of Casella Waste Systems by 100.0% in the third quarter. WoodTrust Financial Corp now owns 4,500 shares of the industrial products company’s stock worth $362,000 after buying an additional 2,250 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Casella Waste Systems by 27.0% in the third quarter. GAMMA Investing LLC now owns 2,283 shares of the industrial products company’s stock worth $183,000 after buying an additional 485 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Casella Waste Systems by 54.8% in the third quarter. Versant Capital Management Inc now owns 449 shares of the industrial products company’s stock worth $36,000 after buying an additional 159 shares in the last quarter. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Trading Up 1.7%

NASDAQ:CWST opened at $88.00 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 977.89 and a beta of 0.78. Casella Waste Systems has a one year low of $74.05 and a one year high of $107.96. The business has a fifty day moving average price of $88.49 and a 200-day moving average price of $88.03.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Thursday, August 6th. The industrial products company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Casella Waste Systems had a return on equity of 5.32% and a net margin of 0.29%. The company had revenue of $543.75 million for the quarter, compared to analysts’ expectations of $526.43 million. During the same period last year, the firm earned $0.36 EPS. Casella Waste Systems’s revenue for the quarter was up 16.9% compared to the same quarter last year. Sell-side analysts forecast that Casella Waste Systems will post 1.22 EPS for the current year.

About Casella Waste Systems

Casella Waste Systems, Inc is a regional solid waste services company that provides collection, transfer, disposal, recycling and resource-management services. Its operations serve residential, commercial, industrial and municipal customers, including communities, businesses and institutions seeking to manage and recover value from solid waste.

The company’s activities include curbside and commercial waste collection, operation of transfer stations and landfills, recycling services, and the processing of organic materials.