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

Casella Waste Systems (NASDAQ:CWST) had its price target decreased by Deutsche Bank Aktiengesellschaft from $114.00 to $107.00 in a research note published on Friday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the industrial products company’s stock.

A number of other research firms have also recently commented on CWST. Raymond James lifted 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. William Blair assumed coverage on Casella Waste Systems in a report on Thursday, October 3rd. They set an “outperform” rating for the company. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $117.00 price target (up previously from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $111.50.

Casella Waste Systems Price Performance

Shares of NASDAQ CWST opened at $99.45 on Friday. The stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of 828.75, a PEG ratio of 7.80 and a beta of 0.99. The business has a 50-day moving average of $102.61 and a 200-day moving average of $100.60. 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 has a fifty-two week low of $76.67 and a fifty-two week high of $109.08.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.42%. The company had revenue of $411.63 million during the quarter, compared to the consensus estimate of $412.59 million. During the same quarter in the previous year, the business earned $0.35 EPS. Casella Waste Systems’s revenue was up 16.7% on a year-over-year basis. As a group, sell-side analysts predict that Casella Waste Systems will post 0.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Casella Waste Systems

Hedge funds have recently bought and sold shares of the stock. New Covenant Trust Company N.A. acquired a new stake in Casella Waste Systems during the first quarter worth approximately $26,000. Opal Wealth Advisors LLC acquired a new stake in shares of Casella Waste Systems in the second quarter valued at approximately $29,000. GAMMA Investing LLC raised its position in shares of 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 buying an additional 139 shares in the last quarter. Whittier Trust Co. acquired a new stake in shares of Casella Waste Systems in the first quarter valued at approximately $41,000. Finally, Mark Sheptoff Financial Planning LLC raised its position 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 buying an additional 500 shares in the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.

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.