Casella Waste Systems, Inc. (NASDAQ:CWST – Get Free Report) has been given an average rating of “Moderate Buy” by the nine research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $109.00.
CWST has been the subject of several research reports. JPMorgan Chase & Co. decreased their target price on Casella Waste Systems from $105.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, October 8th. Weiss Ratings cut Casella Waste Systems from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, October 2nd. UBS Group dropped their price target on Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating on the stock in a research report on Friday, June 26th. Zacks Research raised Casella Waste Systems from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 8th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $106.00 price target on shares of Casella Waste Systems in a research note on Friday.
Check Out Our Latest Stock Report on Casella Waste Systems
Insider Buying and Selling at Casella Waste Systems
Hedge Funds Weigh In On Casella Waste Systems
Several large investors have recently made changes to their positions in CWST. Versant Capital Management Inc grew its holdings in Casella Waste Systems by 54.8% during the 3rd quarter. Versant Capital Management Inc now owns 449 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 159 shares in the last quarter. Hilton Head Capital Partners LLC raised its holdings in shares of Casella Waste Systems by 86.5% in the 1st quarter. Hilton Head Capital Partners LLC now owns 468 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 217 shares in the last quarter. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Casella Waste Systems in the 2nd quarter valued at about $29,000. KBC Group NV raised its holdings in shares of Casella Waste Systems by 21.0% in the 1st quarter. KBC Group NV now owns 2,019 shares of the industrial products company’s stock valued at $160,000 after purchasing an additional 351 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Casella Waste Systems in the 2nd quarter worth approximately $36,000. 99.51% of the stock is currently owned by hedge funds and other institutional investors.
Casella Waste Systems Trading Up 0.1%
Shares of CWST opened at $85.27 on Friday. Casella Waste Systems has a 1-year low of $74.05 and a 1-year high of $107.96. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 947.55 and a beta of 0.78. The firm’s 50-day moving average price is $88.76 and its 200-day moving average price is $87.91. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.84.
Casella Waste Systems (NASDAQ:CWST – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The industrial products company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.36 by $0.04. The business had revenue of $543.75 million during the quarter, compared to analyst estimates of $526.43 million. Casella Waste Systems had a net margin of 0.29% and a return on equity of 5.32%. Casella Waste Systems’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same period last year, the business posted $0.36 earnings per share. Sell-side analysts anticipate that Casella Waste Systems will post 1.23 EPS for the current year.
Casella Waste Systems Company Profile
Casella Waste Systems, Inc is a regional solid waste services company that provides collection, transfer, disposal, recycling and resource-management services. Its operations serve residential, commercial, industrial and municipal customers, including communities, businesses and institutions seeking to manage and recover value from solid waste.
The company’s activities include curbside and commercial waste collection, operation of transfer stations and landfills, recycling services, and the processing of organic materials.
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