Casella Waste Systems (NASDAQ:CWST) Price Target Cut to $107.00 by Analysts at Deutsche Bank Aktiengesellschaft

Casella Waste Systems (NASDAQ:CWST) had its price target reduced by research analysts at Deutsche Bank Aktiengesellschaft from $114.00 to $107.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “hold” rating on the industrial products company’s stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 7.91% from the stock’s previous close.

A number of other analysts also recently weighed in on the company. Stifel Nicolaus restated a “buy” rating and issued a $117.00 price objective (up from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. William Blair initiated coverage on Casella Waste Systems in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. Finally, Raymond James upped their target price on Casella Waste Systems from $121.00 to $122.00 and gave the company a “strong-buy” rating in a report on Thursday, September 19th. Two equities 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $111.50.

Casella Waste Systems Trading Up 1.3 %

Casella Waste Systems stock traded up $1.28 during trading hours on Friday, hitting $99.16. The stock had a trading volume of 126,076 shares, compared to its average volume of 313,927. The business’s 50 day simple moving average is $102.76 and its 200-day simple moving average is $100.47. Casella Waste Systems has a one year low of $74.00 and a one year high of $109.08. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 823.58, a P/E/G ratio of 8.07 and a beta of 0.99. The company has a quick ratio of 1.51, a current ratio of 1.58 and a debt-to-equity ratio of 0.94.

Casella Waste Systems (NASDAQ:CWST) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.01). Casella Waste Systems had a return on equity of 3.42% and a net margin of 0.46%. The business had revenue of $411.63 million for the quarter, compared to analyst estimates of $412.59 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. On average, equities analysts predict that Casella Waste Systems will post 0.62 EPS for the current fiscal year.

Hedge Funds Weigh In On Casella Waste Systems

Institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its position in shares of Casella Waste Systems by 16.3% during the 1st quarter. Principal Financial Group Inc. now owns 7,595 shares of the industrial products company’s stock valued at $751,000 after acquiring an additional 1,062 shares during the period. Van ECK Associates Corp boosted its position in shares of Casella Waste Systems by 12.1% during the 1st quarter. Van ECK Associates Corp now owns 38,321 shares of the industrial products company’s stock worth $3,789,000 after purchasing an additional 4,132 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Casella Waste Systems by 4.8% in the 1st quarter. BNP Paribas Financial Markets now owns 50,145 shares of the industrial products company’s stock valued at $4,958,000 after buying an additional 2,296 shares during the period. Hardy Reed LLC increased its position in Casella Waste Systems by 9.9% in the 1st quarter. Hardy Reed LLC now owns 2,930 shares of the industrial products company’s stock valued at $290,000 after buying an additional 265 shares in the last quarter. Finally, Whittier Trust Co. acquired a new position in Casella Waste Systems during the 1st quarter worth approximately $41,000. 99.51% of the stock is owned by institutional investors and hedge funds.

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.