Casella Waste Systems’ (CWST) “Buy” Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus reaffirmed their buy rating on shares of Casella Waste Systems (NASDAQ:CWST) in a research note released on Monday morning, Benzinga reports. The firm currently has a $117.00 target price on the industrial products company’s stock, up from their previous target price of $110.00.

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Casella Waste Systems in a research note on Thursday, May 23rd. They issued a hold rating and a $106.00 price target on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Casella Waste Systems currently has a consensus rating of Moderate Buy and a consensus price target of $103.80.

Casella Waste Systems Price Performance

NASDAQ:CWST opened at $102.98 on Monday. The stock has a 50 day moving average of $100.57 and a two-hundred day moving average of $95.88. Casella Waste Systems has a 12 month low of $72.97 and a 12 month high of $108.59. The firm has a market cap of $5.97 billion, a P/E ratio of 332.19, a price-to-earnings-growth ratio of 6.47 and a beta of 0.98. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.96.

Casella Waste Systems (NASDAQ:CWST) last issued 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 return on equity of 3.84% and a net margin of 1.35%. The firm had revenue of $377.20 million for the quarter, compared to analysts’ expectations of $373.87 million. During the same quarter in the previous year, the firm posted $0.36 earnings per share. The firm’s revenue for the quarter was up 30.2% compared to the same quarter last year. On average, analysts expect that Casella Waste Systems will post 0.79 earnings per share for the current fiscal year.

Institutional Trading of Casella Waste Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. New Covenant Trust Company N.A. acquired a new stake in Casella Waste Systems during the first quarter worth about $26,000. Johnson Financial Group Inc. purchased a new stake in shares of Casella Waste Systems during the 4th quarter valued at approximately $28,000. Parallel Advisors LLC grew its position in Casella Waste Systems by 232.0% in the fourth quarter. Parallel Advisors LLC now owns 332 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 232 shares during the period. Opal Wealth Advisors LLC acquired a new stake in Casella Waste Systems during the second quarter worth $29,000. Finally, GAMMA Investing LLC raised its position in Casella Waste Systems by 76.4% in the second 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 during the period. 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.