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

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

Several other research analysts have also weighed in on the stock. William Blair started coverage on shares of Casella Waste Systems in a research note on Thursday, October 3rd. They set an “outperform” rating on the stock. Raymond James upped 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, Stifel Nicolaus reiterated a “buy” rating and set a $117.00 target price (up from $110.00) on shares of Casella Waste Systems in a research note on Monday, August 5th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $111.50.

Casella Waste Systems Stock Up 1.3 %

CWST traded up $1.28 during trading hours on Friday, hitting $99.16. 126,076 shares of the company’s stock were exchanged, compared to its average volume of 313,927. 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 has a 1-year low of $74.00 and a 1-year high of $109.08. The stock’s 50-day moving average is $102.76 and its two-hundred day moving average is $100.47. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 823.58, a PEG ratio of 8.07 and a beta of 0.99.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results 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 company had revenue of $411.63 million during the quarter, compared to analyst estimates of $412.59 million. Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.42%. Casella Waste Systems’s revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 EPS. Sell-side analysts predict that Casella Waste Systems will post 0.62 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Casella Waste Systems

Institutional investors and hedge funds have recently modified their holdings of the business. Global Alpha Capital Management Ltd. lifted its position in Casella Waste Systems by 28.9% during the first quarter. Global Alpha Capital Management Ltd. now owns 270,300 shares of the industrial products company’s stock worth $26,725,000 after purchasing an additional 60,600 shares during the period. Williams Financial LLC bought a new stake in Casella Waste Systems during the second quarter worth $2,427,000. Vanguard Group Inc. increased its stake in shares of Casella Waste Systems by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 5,536,410 shares of the industrial products company’s stock valued at $547,385,000 after purchasing an additional 57,540 shares during the last quarter. Comerica Bank raised its holdings in shares of Casella Waste Systems by 7.7% during the 1st quarter. Comerica Bank now owns 311,433 shares of the industrial products company’s stock worth $30,791,000 after buying an additional 22,384 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Casella Waste Systems by 667.9% in the second quarter. Millennium Management LLC now owns 48,231 shares of the industrial products company’s stock valued at $4,785,000 after buying an additional 41,950 shares in the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.

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.