TD Cowen initiated coverage on shares of Casella Waste Systems (NASDAQ:CWST - Free Report) in a research note published on Wednesday, MarketBeat reports. The brokerage issued a buy rating and a $130.00 target price on the industrial products company's stock.
Other equities analysts also recently issued research reports about the stock. William Blair reissued an "outperform" rating on shares of Casella Waste Systems in a report on Friday, February 14th. Stifel Nicolaus lifted their price target on shares of Casella Waste Systems from $127.00 to $129.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group lowered Casella Waste Systems from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $115.00 to $113.00 in a research note on Thursday, January 23rd. Two equities research 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 company's stock. According to MarketBeat.com, Casella Waste Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.67.
Check Out Our Latest Stock Analysis on CWST
Casella Waste Systems Stock Performance
NASDAQ:CWST traded up $2.15 during trading hours on Wednesday, reaching $117.23. The company had a trading volume of 432,227 shares, compared to its average volume of 347,604. The firm has a market cap of $7.43 billion, a price-to-earnings ratio of 509.70, a PEG ratio of 3.86 and a beta of 0.96. 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's 50 day moving average price is $110.35 and its 200-day moving average price is $107.62. Casella Waste Systems has a 52 week low of $86.41 and a 52 week high of $118.62.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.41 EPS 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%. On average, analysts forecast that Casella Waste Systems will post 1.16 EPS for the current year.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Mather Group LLC. raised its position in shares of 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 valued at $27,000 after buying an additional 241 shares during the last quarter. Covestor Ltd grew its stake in Casella Waste Systems by 124.4% during the fourth quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 153 shares in the last quarter. NBC Securities Inc. purchased a new position in Casella Waste Systems during the first quarter valued at $31,000. Quarry LP bought a new stake in Casella Waste Systems in the 4th quarter valued at $30,000. Finally, Jones Financial Companies Lllp lifted its stake in Casella Waste Systems by 156.5% in the 4th 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. 99.51% of the stock is owned by hedge funds and other institutional investors.
Casella Waste Systems Company Profile
(
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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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