Casella Waste Systems (NASDAQ:CWST - Get Free Report) had its price objective lifted by stock analysts at UBS Group from $130.00 to $135.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the industrial products company's stock. UBS Group's target price points to a potential upside of 15.10% from the stock's current price.
CWST has been the subject of several other reports. TD Cowen began coverage on Casella Waste Systems in a research note on Wednesday, April 9th. They set a "buy" rating and a $130.00 price target for the company. Jefferies Financial Group downgraded shares of Casella Waste Systems from a "buy" rating to a "hold" rating and dropped their target price for the stock from $115.00 to $113.00 in a research report on Thursday, January 23rd. Stifel Nicolaus lifted their price target on shares of 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 reissued an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $122.67.
Read Our Latest Stock Analysis on CWST
Casella Waste Systems Trading Down 0.6 %
CWST traded down $0.75 during midday trading on Friday, hitting $117.29. The company's stock had a trading volume of 649,676 shares, compared to its average volume of 349,838. The firm has a market cap of $7.43 billion, a P/E ratio of 509.96, a PEG ratio of 3.86 and a beta of 0.96. Casella Waste Systems has a 52-week low of $86.41 and a 52-week high of $120.61. The company has a current ratio of 2.00, a quick ratio of 2.48 and a debt-to-equity ratio of 0.70. The firm has a 50-day moving average price of $110.69 and a two-hundred day moving average price of $107.82.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.25. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. On average, research analysts anticipate that Casella Waste Systems will post 1.16 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in CWST. Wealth Enhancement Advisory Services LLC lifted its holdings in Casella Waste Systems by 87.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 78,549 shares of the industrial products company's stock worth $7,815,000 after buying an additional 36,573 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Casella Waste Systems by 8.3% in the third quarter. Geode Capital Management LLC now owns 1,430,958 shares of the industrial products company's stock worth $142,393,000 after acquiring an additional 109,288 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Casella Waste Systems by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 607,954 shares of the industrial products company's stock valued at $64,328,000 after purchasing an additional 14,369 shares during the last quarter. Stifel Financial Corp boosted its holdings in Casella Waste Systems by 22.9% in the third quarter. Stifel Financial Corp now owns 31,563 shares of the industrial products company's stock valued at $3,140,000 after purchasing an additional 5,888 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in Casella Waste Systems during the 4th quarter valued at approximately $201,000. 99.51% of the stock is currently owned by hedge funds and other institutional investors.
About Casella Waste Systems
(
Get Free Report)
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.
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