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

Casella Waste Systems (NASDAQ:CWST) had its price objective boosted by Raymond James from $121.00 to $122.00 in a research note published on Thursday morning, Benzinga reports. They currently have a strong-buy rating on the industrial products company’s stock.

CWST has been the topic of a number of other reports. Stifel Nicolaus reaffirmed a buy rating and issued a $117.00 target price (up from $110.00) on shares of Casella Waste Systems in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft initiated coverage on Casella Waste Systems in a report on Thursday, May 23rd. They set a hold rating and a $106.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Casella Waste Systems currently has a consensus rating of Moderate Buy and an average price target of $108.20.

Casella Waste Systems Stock Down 1.4 %

Casella Waste Systems stock opened at $99.83 on Thursday. The stock’s fifty day moving average is $104.80 and its two-hundred day moving average is $99.56. The stock has a market cap of $5.79 billion, a PE ratio of 322.03, a P/E/G ratio of 9.08 and a beta of 0.99. Casella Waste Systems has a 1-year low of $72.97 and a 1-year high of $109.08. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.58 and a quick ratio of 1.51.

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

Institutional Investors Weigh In On Casella Waste Systems

Several hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC acquired a new position in shares of Casella Waste Systems in the second quarter valued at approximately $331,000. Teachers Retirement System of The State of Kentucky grew its position in Casella Waste Systems by 4.2% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 29,339 shares of the industrial products company’s stock valued at $2,911,000 after acquiring an additional 1,196 shares in the last quarter. Creative Planning grew its position in shares of Casella Waste Systems by 25.7% during the second quarter. Creative Planning now owns 15,530 shares of the industrial products company’s stock worth $1,541,000 after buying an additional 3,175 shares in the last quarter. Algert Global LLC acquired a new stake in Casella Waste Systems in the second quarter valued at $570,000. Finally, Driehaus Capital Management LLC boosted its stake in Casella Waste Systems by 4.5% during the 2nd quarter. Driehaus Capital Management LLC now owns 46,795 shares of the industrial products company’s stock valued at $4,643,000 after acquiring an additional 1,997 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Company Profile

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.