Casella Waste Systems (NASDAQ:CWST) Receives “Strong-Buy” Rating from Raymond James Financial

Raymond James Financial reiterated their strong-buy rating on shares of Casella Waste Systems (NASDAQ:CWST) in a report published on Monday,Benzinga reports. They currently have a $125.00 target price on the industrial products company’s stock, down from their prior target price of $129.00.

Other equities analysts have also recently issued reports about the stock. TD Cowen assumed coverage on shares of Casella Waste Systems in a report on Wednesday, April 9th. They set a “buy” rating and a $130.00 price target on the stock. William Blair reaffirmed an “outperform” rating on shares of Casella Waste Systems in a research report on Tuesday, July 15th. Cowen reiterated a “buy” rating on shares of Casella Waste Systems in a report on Friday, June 6th. Finally, UBS Group boosted their price target on Casella Waste Systems from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, April 11th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $123.17.

Casella Waste Systems Trading Down 0.4%

Shares of NASDAQ CWST opened at $102.54 on Monday. The company has a current ratio of 1.96, a quick ratio of 1.87 and a debt-to-equity ratio of 0.72. Casella Waste Systems has a one year low of $97.05 and a one year high of $121.24. The business has a 50-day moving average price of $113.28 and a two-hundred day moving average price of $112.42. The firm has a market capitalization of $6.51 billion, a PE ratio of 569.67, a PEG ratio of 4.04 and a beta of 0.83.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.31 by $0.05. Casella Waste Systems had a net margin of 0.64% and a return on equity of 4.98%. The business had revenue of $465.33 million during the quarter, compared to analysts’ expectations of $454.01 million. During the same period last year, the company posted $0.22 earnings per share. The firm’s quarterly revenue was up 23.4% compared to the same quarter last year. As a group, analysts predict that Casella Waste Systems will post 1.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Ameritas Advisory Services LLC acquired a new position in Casella Waste Systems during the second quarter valued at approximately $25,000. Maseco LLP acquired a new position in Casella Waste Systems in the 2nd quarter valued at $25,000. Caitong International Asset Management Co. Ltd raised its holdings in Casella Waste Systems by 325.5% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 217 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 166 shares during the period. Geneos Wealth Management Inc. lifted its position 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 last quarter. Finally, Covestor Ltd boosted its holdings in Casella Waste Systems by 124.4% during the fourth quarter. Covestor Ltd now owns 276 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 153 shares during the period. 99.51% of the stock is owned by institutional investors.

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.