Shares of Casella Waste Systems, Inc. (NASDAQ:CWST – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $111.1250.
A number of brokerages recently issued reports on CWST. UBS Group dropped their price target on shares of Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. JPMorgan Chase & Co. dropped their price target on shares of Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating for the company in a research note on Monday, February 23rd. TD Cowen restated a “buy” rating on shares of Casella Waste Systems in a research note on Friday, June 5th. Weiss Ratings restated a “sell (d)” rating on shares of Casella Waste Systems in a research note on Friday, May 22nd. Finally, Barclays upgraded shares of Casella Waste Systems from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $101.00 to $102.00 in a research note on Monday, May 4th.
Read Our Latest Stock Report on Casella Waste Systems
Insider Buying and Selling at Casella Waste Systems
Institutional Trading of Casella Waste Systems
Several institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its stake in Casella Waste Systems by 41.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 337 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 98 shares during the last quarter. Mackenzie Financial Corp increased its stake in Casella Waste Systems by 3.9% during the third quarter. Mackenzie Financial Corp now owns 3,975 shares of the industrial products company’s stock valued at $377,000 after purchasing an additional 149 shares during the last quarter. First Horizon Corp increased its stake in Casella Waste Systems by 48.6% during the fourth quarter. First Horizon Corp now owns 489 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 160 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Casella Waste Systems by 301.6% during the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 184 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Casella Waste Systems by 180.2% during the third quarter. Smartleaf Asset Management LLC now owns 297 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 191 shares during the last quarter. Institutional investors own 99.51% of the company’s stock.
Casella Waste Systems Stock Down 0.4%
Shares of NASDAQ:CWST opened at $89.37 on Monday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.72. The company has a fifty day simple moving average of $84.57 and a 200 day simple moving average of $92.40. The firm has a market cap of $5.68 billion, a PE ratio of 812.53 and a beta of 0.77. Casella Waste Systems has a 12-month low of $74.05 and a 12-month high of $118.91.
Casella Waste Systems (NASDAQ:CWST – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.10. The business had revenue of $457.33 million during the quarter, compared to analyst estimates of $454.49 million. Casella Waste Systems had a net margin of 0.38% and a return on equity of 5.19%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.19 earnings per share. On average, equities research analysts anticipate that Casella Waste Systems will post 1.12 EPS for the current fiscal year.
Casella Waste Systems Company Profile
Casella Waste Systems, Inc is a regional resource management company headquartered in Rutland, Vermont. Established in 1975, the company has grown from a single-truck operation into a multi-state provider of integrated waste management solutions. Casella offers a comprehensive range of services, including residential, commercial and industrial waste collection, transfer station operations, landfill disposal, recycling processing and organics management.
Through a network of solid waste transfer stations, recycling facilities and landfills, Casella serves communities primarily across the northeastern United States and parts of the mid-Atlantic region.
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