Raymond James Raises Casella Waste Systems (NASDAQ:CWST) Price Target to $122.00

Casella Waste Systems (NASDAQ:CWST) had its price target increased by Raymond James from $121.00 to $122.00 in a research note issued to investors on Thursday, Benzinga reports. They currently have a strong-buy rating on the industrial products company’s stock.

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

Casella Waste Systems Stock Performance

Shares of CWST stock opened at $99.83 on Thursday. 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 business has a 50 day moving average of $104.80 and a two-hundred day moving average of $99.51. Casella Waste Systems has a 52 week low of $72.97 and a 52 week high of $109.08. The company has a market cap of $5.79 billion, a P/E ratio of 322.03, a PEG ratio of 9.08 and a beta of 0.99.

Casella Waste Systems (NASDAQ:CWST) last issued its earnings results on Thursday, August 1st. The industrial products company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.06). The company had revenue of $377.20 million during the quarter, compared to analyst estimates of $373.87 million. Casella Waste Systems had a net margin of 1.35% and a return on equity of 3.83%. The business’s revenue was up 30.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.36 earnings per share. As a group, analysts anticipate that Casella Waste Systems will post 0.57 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CWST. Private Advisor Group LLC bought a new position in shares of Casella Waste Systems in the fourth quarter valued at $232,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of Casella Waste Systems in the fourth quarter valued at $267,000. Principal Financial Group Inc. increased its holdings in shares of Casella Waste Systems by 10.7% in the fourth quarter. Principal Financial Group Inc. now owns 6,533 shares of the industrial products company’s stock valued at $558,000 after buying an additional 632 shares in the last quarter. Norges Bank acquired a new stake in Casella Waste Systems during the 4th quarter valued at $25,106,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Casella Waste Systems during the 4th quarter valued at $771,000. Institutional investors own 99.51% of the company’s stock.

About Casella Waste Systems

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.