Casella Waste Systems, Inc. (NASDAQ:CWST) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Casella Waste Systems, Inc. (NASDAQ:CWST) have earned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $113.5556.

Several equities analysts have recently issued reports on CWST shares. Raymond James Financial reaffirmed a “strong-buy” rating and set a $120.00 price target on shares of Casella Waste Systems in a research note on Monday, November 3rd. UBS Group increased their price objective on Casella Waste Systems from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Barclays set a $95.00 target price on Casella Waste Systems and gave the stock an “equal weight” rating in a report on Monday, November 3rd. The Goldman Sachs Group reduced their price target on Casella Waste Systems from $125.00 to $111.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Finally, Weiss Ratings raised Casella Waste Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, December 8th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CWST. Maseco LLP bought a new stake in shares of Casella Waste Systems in the 2nd quarter valued at $25,000. Ameritas Advisory Services LLC acquired a new position in Casella Waste Systems in the second quarter valued at $25,000. Caitong International Asset Management Co. Ltd boosted its position in Casella Waste Systems by 325.5% during the second quarter. Caitong International Asset Management Co. Ltd now owns 217 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 166 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Casella Waste Systems by 180.2% during the third quarter. Smartleaf Asset Management LLC now owns 297 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 191 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in Casella Waste Systems by 301.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 184 shares during the period. Institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Stock Performance

Shares of CWST stock opened at $99.05 on Monday. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 412.73 and a beta of 0.80. The company has a current ratio of 1.51, a quick ratio of 1.43 and a debt-to-equity ratio of 0.72. The business’s 50-day moving average price is $91.29 and its 200-day moving average price is $99.83. Casella Waste Systems has a 12 month low of $82.22 and a 12 month high of $121.24.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. Casella Waste Systems had a net margin of 0.85% and a return on equity of 5.63%. The business had revenue of $485.35 million during the quarter, compared to analyst estimates of $477.24 million. During the same quarter last year, the business earned $0.27 EPS. The firm’s quarterly revenue was up 17.9% on a year-over-year basis. Equities research analysts forecast that Casella Waste Systems will post 1.16 EPS for the current year.

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.