Casella Waste Systems (NASDAQ:CWST) Given New $107.00 Price Target at Deutsche Bank Aktiengesellschaft

Casella Waste Systems (NASDAQ:CWST - Free Report) had its target price decreased by Deutsche Bank Aktiengesellschaft from $114.00 to $107.00 in a report released on Friday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the industrial products company's stock.

A number of other analysts also recently commented on CWST. William Blair started coverage on Casella Waste Systems in a research note on Thursday, October 3rd. They issued an "outperform" rating on the stock. Raymond James raised their price objective on shares of Casella Waste Systems from $121.00 to $122.00 and gave the stock a "strong-buy" rating in a research note on Thursday, September 19th. Finally, Stifel Nicolaus reiterated a "buy" rating and issued a $117.00 target price (up from $110.00) on shares of Casella Waste Systems in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Casella Waste Systems has a consensus rating of "Moderate Buy" and a consensus target price of $111.50.

Casella Waste Systems Stock Performance

NASDAQ CWST traded up $1.46 during trading hours on Friday, reaching $99.34. The stock had a trading volume of 303,382 shares, compared to its average volume of 314,764. Casella Waste Systems has a 52-week low of $74.00 and a 52-week high of $109.08. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.51 and a current ratio of 1.58. The stock has a market cap of $5.77 billion, a P/E ratio of 827.83, a price-to-earnings-growth ratio of 8.07 and a beta of 0.99. The stock has a fifty day moving average of $102.61 and a 200 day moving average of $100.50.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). The business had revenue of $411.63 million for the quarter, compared to analysts' expectations of $412.59 million. Casella Waste Systems had a return on equity of 3.42% and a net margin of 0.46%. The company's revenue for the quarter was up 16.7% on a year-over-year basis. During the same period last year, the business earned $0.35 EPS. Sell-side analysts predict that Casella Waste Systems will post 0.62 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CWST. New Covenant Trust Company N.A. purchased a new stake in Casella Waste Systems in the 1st quarter worth $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Casella Waste Systems during the 2nd quarter worth about $29,000. GAMMA Investing LLC lifted its stake in Casella Waste Systems by 76.4% in the 2nd quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company's stock valued at $32,000 after buying an additional 139 shares in the last quarter. Whittier Trust Co. acquired a new stake in Casella Waste Systems in the 1st quarter worth about $41,000. Finally, Mark Sheptoff Financial Planning LLC increased its stake in Casella Waste Systems by 100.0% during the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 1,000 shares of the industrial products company's stock worth $99,000 after buying an additional 500 shares in the last quarter. 99.51% of the stock is owned by institutional investors and hedge funds.

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.