Casella Waste Systems (NASDAQ:CWST) Given New $122.00 Price Target at Raymond James

Casella Waste Systems (NASDAQ:CWST) had its price objective boosted by Raymond James from $121.00 to $122.00 in a research note published on Thursday, Benzinga reports. The firm currently has a strong-buy rating on the industrial products company’s stock.

A number of other research analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Casella Waste Systems in a report on Thursday, May 23rd. They issued a hold rating and a $106.00 price objective for the company. Stifel Nicolaus restated a buy rating and issued a $117.00 price target (up from $110.00) on shares of Casella Waste Systems in a research report on Monday, August 5th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Casella Waste Systems presently has a consensus rating of Moderate Buy and a consensus price target of $108.20.

Casella Waste Systems Stock Performance

NASDAQ CWST opened at $101.23 on Thursday. The firm’s fifty day moving average price is $104.87 and its two-hundred day moving average price is $99.40. The stock has a market cap of $5.87 billion, a PE ratio of 326.55, a PEG ratio of 9.08 and a beta of 0.99. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.51 and a current ratio of 1.58. Casella Waste Systems has a fifty-two week low of $72.97 and a fifty-two week high of $109.08.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.06). Casella Waste Systems had a net margin of 1.35% and a return on equity of 3.83%. The firm had revenue of $377.20 million for the quarter, compared to analyst estimates of $373.87 million. During the same period last year, the business earned $0.36 EPS. The company’s revenue was up 30.2% compared to the same quarter last year. On average, equities analysts expect that Casella Waste Systems will post 0.57 EPS for the current fiscal year.

Institutional Trading of Casella Waste Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. bought a new stake in shares of Casella Waste Systems in the 1st quarter valued at $26,000. Johnson Financial Group Inc. acquired a new position in Casella Waste Systems in the fourth quarter valued at $28,000. Parallel Advisors LLC boosted its position in Casella Waste Systems by 232.0% during the fourth quarter. Parallel Advisors LLC now owns 332 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 232 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in Casella Waste Systems during the 2nd quarter worth about $29,000. Finally, GAMMA Investing LLC raised its position in shares of Casella Waste Systems by 76.4% in the 2nd quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 139 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Company Profile

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.