Casella Waste Systems, Inc. (NASDAQ:CWST) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Get Free Report) have received an average recommendation of "Moderate Buy" from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $122.67.

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

Casella Waste Systems Price Performance

CWST traded up $2.15 during trading on Wednesday, reaching $117.23. The stock had a trading volume of 432,227 shares, compared to its average volume of 347,604. The stock has a 50 day moving average of $110.35 and a two-hundred day moving average of $107.62. 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 firm has a market capitalization of $7.43 billion, a price-to-earnings ratio of 509.70, a price-to-earnings-growth ratio of 3.86 and a beta of 0.96. Casella Waste Systems has a 1-year low of $86.41 and a 1-year high of $118.62.

Remove Ads

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share for the quarter, beating the consensus estimate 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, equities analysts anticipate that Casella Waste Systems will post 1.16 EPS for the current fiscal year.

Institutional Trading of Casella Waste Systems

Institutional investors have recently modified their holdings of the company. Mather Group LLC. boosted its stake 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 buying an additional 241 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Casella Waste Systems by 124.4% during the 4th quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock worth $29,000 after acquiring an additional 153 shares during the period. Quarry LP acquired a new stake in shares of Casella Waste Systems during the 4th quarter valued at about $30,000. NBC Securities Inc. bought a new stake in Casella Waste Systems in the first quarter valued at about $31,000. Finally, Jones Financial Companies Lllp raised 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 purchasing an additional 194 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company's stock.

About Casella Waste Systems

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.