Casella Waste Systems, Inc. (NASDAQ:CWST) Receives $111.50 Average Price Target from Brokerages

Casella Waste Systems, Inc. (NASDAQ:CWST) has been assigned an average rating of “Buy” from the five brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $114.00.

A number of brokerages have recently issued reports on CWST. Stifel Nicolaus raised their price objective on Casella Waste Systems from $117.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday. William Blair started coverage on Casella Waste Systems in a research note on Thursday, October 3rd. They issued an “outperform” rating on the stock. Raymond James increased their price objective on Casella Waste Systems from $121.00 to $122.00 and gave the company a “strong-buy” rating in a research note on Thursday, September 19th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a research note on Friday, November 1st.

Insider Buying and Selling at Casella Waste Systems

In other news, SVP Paul Ligon sold 1,730 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $106.81, for a total value of $184,781.30. Following the completion of the sale, the senior vice president now directly owns 21,085 shares of the company’s stock, valued at approximately $2,252,088.85. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.24% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Casella Waste Systems

Institutional investors have recently bought and sold shares of the stock. Amalgamated Bank raised its holdings in Casella Waste Systems by 6.4% in the third quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company’s stock worth $210,000 after purchasing an additional 126 shares in the last quarter. Principal Financial Group Inc. lifted its position in Casella Waste Systems by 1.8% during the 2nd quarter. Principal Financial Group Inc. now owns 7,730 shares of the industrial products company’s stock valued at $767,000 after acquiring an additional 135 shares during the period. GAMMA Investing LLC boosted its stake in Casella Waste Systems by 76.4% during the second 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. Benjamin F. Edwards & Company Inc. boosted its stake in Casella Waste Systems by 1.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 10,436 shares of the industrial products company’s stock worth $1,035,000 after acquiring an additional 183 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in Casella Waste Systems by 3.6% in the second quarter. Crossmark Global Holdings Inc. now owns 5,607 shares of the industrial products company’s stock worth $556,000 after purchasing an additional 195 shares during the period. 99.51% of the stock is owned by institutional investors.

Casella Waste Systems Stock Up 0.9 %

Shares of CWST opened at $110.11 on Monday. The firm has a market cap of $6.97 billion, a P/E ratio of 917.58, a P/E/G ratio of 6.59 and a beta of 1.02. Casella Waste Systems has a 1 year low of $80.04 and a 1 year high of $114.88. The stock has a 50 day simple moving average of $105.86 and a two-hundred day simple moving average of $103.33. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.55 and a quick ratio of 2.48.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The business had revenue of $411.63 million during the quarter, compared to analysts’ expectations of $412.59 million. Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. Casella Waste Systems’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period last year, the company posted $0.35 EPS. On average, analysts forecast that Casella Waste Systems will post 0.65 earnings per share for the current fiscal 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.