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

Casella Waste Systems (NASDAQ:CWST) had its target price cut by equities research analysts at Deutsche Bank Aktiengesellschaft from $114.00 to $107.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the industrial products company’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 7.71% from the stock’s current price.

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

Casella Waste Systems Stock Performance

Shares of CWST stock opened at $99.34 on Friday. Casella Waste Systems has a 1 year low of $74.00 and a 1 year high of $109.08. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.51 and a current ratio of 1.58. The firm has a market cap of $5.78 billion, a price-to-earnings ratio of 827.83, a PEG ratio of 8.07 and a beta of 0.99. The stock’s 50-day moving average is $102.61 and its two-hundred day moving average is $100.50.

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

Hedge Funds Weigh In On Casella Waste Systems

Large investors have recently modified their holdings of the business. New Covenant Trust Company N.A. acquired a new position in Casella Waste Systems during the first quarter worth $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Casella Waste Systems during the 2nd quarter worth $29,000. GAMMA Investing LLC increased its holdings in shares of Casella Waste Systems by 76.4% in the 2nd quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 139 shares in the last quarter. Whittier Trust Co. purchased a new position in shares of Casella Waste Systems in the 1st quarter valued at about $41,000. Finally, Mark Sheptoff Financial Planning LLC lifted its stake in shares of Casella Waste Systems by 100.0% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,000 shares of the industrial products company’s stock valued at $99,000 after purchasing an additional 500 shares during the period. 99.51% of the stock is owned by hedge funds and other 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.