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

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 morning, Benzinga reports. They currently have a strong-buy rating on the industrial products company’s stock.

Several other equities analysts have also recently commented on CWST. Stifel Nicolaus restated a buy rating and set a $117.00 price target (up from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft started coverage on shares of Casella Waste Systems in a research report on Thursday, May 23rd. They set a hold rating and a $106.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $108.20.

Casella Waste Systems Trading Down 1.4 %

Casella Waste Systems stock opened at $99.83 on Thursday. The company’s fifty day simple moving average is $104.80 and its 200-day simple moving average is $99.51. 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 12 month low of $72.97 and a 12 month high of $109.08. The stock has a market cap of $5.79 billion, a P/E ratio of 322.03, a P/E/G ratio of 9.08 and a beta of 0.99.

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

Hedge Funds Weigh In On Casella Waste Systems

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Casella Waste Systems by 1.1% in the first 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. Conestoga Capital Advisors LLC grew its position in shares of Casella Waste Systems by 3.1% in the second quarter. Conestoga Capital Advisors LLC now owns 3,386,970 shares of the industrial products company’s stock valued at $336,055,000 after purchasing an additional 101,995 shares during the last quarter. Earnest Partners LLC grew its position in shares of Casella Waste Systems by 3.2% in the second quarter. Earnest Partners LLC now owns 1,680,358 shares of the industrial products company’s stock valued at $166,725,000 after purchasing an additional 51,516 shares during the last quarter. Geneva Capital Management LLC grew its position in shares of Casella Waste Systems by 9.3% in the first quarter. Geneva Capital Management LLC now owns 1,062,203 shares of the industrial products company’s stock valued at $105,020,000 after purchasing an additional 90,161 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Casella Waste Systems by 17.8% in 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 during the last quarter. 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.