Analysts Set Casella Waste Systems, Inc. (NASDAQ:CWST) Target Price at $108.20

Shares of Casella Waste Systems, Inc. (NASDAQ:CWST) have earned a consensus recommendation of “Buy” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $108.20.

Several equities analysts recently commented on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $117.00 price objective (up previously from $110.00) on shares of Casella Waste Systems in a research note on Monday, August 5th. Raymond James increased their price objective on shares of Casella Waste Systems from $121.00 to $122.00 and gave the stock a “strong-buy” rating in a research report on Thursday, September 19th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CWST. Wasatch Advisors LP bought a new position in shares of Casella Waste Systems in the first quarter valued at $91,317,000. Capital Research Global Investors lifted its position in shares of Casella Waste Systems by 277.1% during the first quarter. Capital Research Global Investors now owns 723,405 shares of the industrial products company’s stock valued at $71,523,000 after purchasing an additional 531,573 shares in the last quarter. Norges Bank bought a new position in shares of Casella Waste Systems during the fourth quarter valued at about $25,106,000. Conestoga Capital Advisors LLC lifted its position in shares of Casella Waste Systems by 7.7% during the first quarter. Conestoga Capital Advisors LLC now owns 3,284,975 shares of the industrial products company’s stock valued at $324,785,000 after purchasing an additional 235,260 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Casella Waste Systems by 17.8% during the fourth quarter. Wellington Management Group LLP now owns 983,826 shares of the industrial products company’s stock valued at $84,078,000 after purchasing an additional 148,913 shares in the last quarter. 99.51% of the stock is owned by institutional investors.

Casella Waste Systems Stock Performance

NASDAQ CWST opened at $98.36 on Wednesday. The company has a quick ratio of 1.51, a current ratio of 1.58 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $5.72 billion, a P/E ratio of 317.29, a P/E/G ratio of 7.89 and a beta of 0.99. Casella Waste Systems has a 12-month low of $72.97 and a 12-month high of $109.08. The firm has a 50-day moving average price of $104.14 and a two-hundred day moving average price of $99.67.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.06). Casella Waste Systems had a return on equity of 3.83% and a net margin of 1.35%. The firm had revenue of $377.20 million for the quarter, compared to the consensus estimate of $373.87 million. During the same period last year, the company posted $0.36 EPS. The business’s revenue was up 30.2% on a year-over-year basis. Analysts anticipate that Casella Waste Systems will post 0.62 earnings per share for the current year.

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.