Shares of Casella Waste Systems, Inc. (NASDAQ:CWST – Get Free Report) have received an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $109.75.
Several research analysts have recently weighed in on the stock. TD Cowen reissued a “buy” rating on shares of Casella Waste Systems in a report on Friday, June 5th. JPMorgan Chase & Co. cut their target price on shares of Casella Waste Systems from $110.00 to $105.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. Barclays boosted their target price on shares of Casella Waste Systems from $102.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Zacks Research raised Casella Waste Systems from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 8th. Finally, Weiss Ratings upgraded Casella Waste Systems from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 14th.
Read Our Latest Analysis on CWST
Insider Transactions at Casella Waste Systems
Institutional Trading of Casella Waste Systems
Several large investors have recently added to or reduced their stakes in the business. Hilton Head Capital Partners LLC bought a new position in Casella Waste Systems in the fourth quarter worth approximately $25,000. Geneos Wealth Management Inc. grew its position in shares of Casella Waste Systems by 301.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 184 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Casella Waste Systems during the 4th quarter valued at $27,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Casella Waste Systems during the 2nd quarter valued at $29,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Casella Waste Systems by 41.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 337 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 98 shares in the last quarter. 99.51% of the stock is currently owned by institutional investors.
Casella Waste Systems Price Performance
NASDAQ CWST opened at $93.68 on Friday. Casella Waste Systems has a one year low of $74.05 and a one year high of $107.96. The stock has a 50-day moving average of $92.82 and a 200 day moving average of $89.22. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 1,041.00 and a beta of 0.74.
Casella Waste Systems (NASDAQ:CWST – Get Free Report) last posted its earnings results on Thursday, August 6th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. The business had revenue of $543.75 million for the quarter, compared to analysts’ expectations of $526.43 million. Casella Waste Systems had a net margin of 0.29% and a return on equity of 5.32%. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 EPS. On average, sell-side analysts forecast that Casella Waste Systems will post 1.24 EPS for the current 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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