Casella Waste Systems (NASDAQ:CWST - Free Report) had its price objective raised by Stifel Nicolaus from $127.00 to $129.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the industrial products company's stock.
Several other research analysts have also recently weighed in on the company. William Blair restated an "outperform" rating on shares of Casella Waste Systems in a report on Friday, February 14th. Jefferies Financial Group lowered shares of Casella Waste Systems from a "buy" rating to a "hold" rating and reduced their price target for the company from $115.00 to $113.00 in a research report on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Casella Waste Systems from $114.00 to $107.00 and set a "hold" rating on the stock in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Casella Waste Systems presently has an average rating of "Moderate Buy" and an average price target of $117.75.
Read Our Latest Stock Report on CWST
Casella Waste Systems Price Performance
Shares of Casella Waste Systems stock traded down $1.71 on Tuesday, hitting $113.99. 312,703 shares of the company were exchanged, compared to its average volume of 326,650. The stock has a market capitalization of $7.22 billion, a price-to-earnings ratio of 495.61, a price-to-earnings-growth ratio of 3.87 and a beta of 1.04. The company has a 50-day moving average price of $108.18 and a 200 day moving average price of $106.10. Casella Waste Systems has a 1-year low of $86.41 and a 1-year high of $116.31. The company has a quick ratio of 2.48, a current ratio of 2.00 and a debt-to-equity ratio of 0.70.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last issued its earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share for the quarter, topping 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, sell-side analysts predict that Casella Waste Systems will post 1.16 earnings per share for the current fiscal year.
Institutional Trading of Casella Waste Systems
Several institutional investors have recently made changes to their positions in CWST. Vanguard Group Inc. raised its position in Casella Waste Systems by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 6,110,529 shares of the industrial products company's stock valued at $646,555,000 after purchasing an additional 123,001 shares during the period. Wasatch Advisors LP raised its position in Casella Waste Systems by 48.2% in the fourth quarter. Wasatch Advisors LP now owns 2,577,308 shares of the industrial products company's stock valued at $272,705,000 after purchasing an additional 838,086 shares during the period. Invesco Ltd. raised its position in Casella Waste Systems by 0.8% in the fourth quarter. Invesco Ltd. now owns 1,830,220 shares of the industrial products company's stock valued at $193,656,000 after purchasing an additional 13,678 shares during the period. Wellington Management Group LLP raised its position in Casella Waste Systems by 13.1% in the fourth quarter. Wellington Management Group LLP now owns 1,644,476 shares of the industrial products company's stock valued at $174,002,000 after purchasing an additional 190,023 shares during the period. Finally, Geode Capital Management LLC raised its position in Casella Waste Systems by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 1,446,875 shares of the industrial products company's stock valued at $153,129,000 after purchasing an additional 15,917 shares during the period. Hedge funds and other institutional investors own 99.51% of the company's stock.
About Casella Waste Systems
(
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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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