Casella Waste Systems (NASDAQ:CWST) Price Target Raised to $129.00

Casella Waste Systems (NASDAQ:CWST) had its price target upped by Stifel Nicolaus from $127.00 to $129.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 15.84% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating for the company in a report on Friday, November 1st. William Blair reiterated an “outperform” rating on shares of Casella Waste Systems in a research note on Friday. Finally, Jefferies Financial Group downgraded Casella Waste Systems from a “buy” rating to a “hold” rating and reduced their target price for the stock from $115.00 to $113.00 in a report on Thursday, January 23rd. Two research 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.com, the company presently has an average rating of “Moderate Buy” and an average target price of $114.20.

Casella Waste Systems Trading Up 4.3 %

CWST stock opened at $111.36 on Tuesday. Casella Waste Systems has a 1-year low of $84.45 and a 1-year high of $114.88. The company has a current ratio of 2.55, a quick ratio of 2.48 and a debt-to-equity ratio of 0.68. The business’s 50 day moving average is $107.64 and its 200-day moving average is $105.81. The firm has a market cap of $7.05 billion, a P/E ratio of 928.00, a P/E/G ratio of 3.89 and a beta of 1.04.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.25. Casella Waste Systems had a return on equity of 3.04% and a net margin of 0.46%. Equities analysts anticipate that Casella Waste Systems will post 0.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Casella Waste Systems

A number of institutional investors have recently modified their holdings of CWST. Mather Group LLC. increased its holdings in shares of Casella Waste Systems by 1,606.7% in the fourth quarter. Mather Group LLC. now owns 256 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 241 shares in the last quarter. Covestor Ltd boosted its position in Casella Waste Systems by 124.4% in the 4th quarter. Covestor Ltd now owns 276 shares of the industrial products company’s stock valued at $29,000 after buying an additional 153 shares during the last quarter. Quarry LP acquired a new stake in shares of Casella Waste Systems in the 4th quarter valued at $30,000. Jones Financial Companies Lllp raised its position in shares of Casella Waste Systems by 156.5% during the fourth quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 194 shares during the last quarter. Finally, Huntington National Bank lifted its stake in shares of Casella Waste Systems by 171.6% during the fourth quarter. Huntington National Bank now owns 364 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 230 shares during the period. 99.51% of the stock is owned by institutional investors.

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.