Casella Waste Systems, Inc. (NASDAQ:CWST) Receives $122.67 Consensus PT from Analysts

Casella Waste Systems, Inc. (NASDAQ:CWST - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $122.67.

Several analysts recently commented on the company. Raymond James Financial restated a "strong-buy" rating on shares of Casella Waste Systems in a research report on Wednesday, April 16th. TD Cowen initiated coverage on Casella Waste Systems in a research report on Wednesday, April 9th. They set a "buy" rating and a $130.00 price target on the stock. William Blair restated an "outperform" rating on shares of Casella Waste Systems in a report on Tuesday, July 15th. UBS Group lifted their target price on Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Finally, Cowen restated a "buy" rating on shares of Casella Waste Systems in a report on Friday, June 6th.

Insider Activity

In other news, President Edmond Coletta sold 5,562 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $119.18, for a total transaction of $662,879.16. Following the transaction, the president owned 150,093 shares of the company's stock, valued at approximately $17,888,083.74. This represents a 3.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.81% of the company's stock.

Institutional Trading of Casella Waste Systems

Institutional investors have recently bought and sold shares of the stock. Maseco LLP bought a new position in Casella Waste Systems in the second quarter valued at approximately $25,000. Argent Capital Management LLC bought a new position in Casella Waste Systems in the second quarter worth approximately $639,000. Park Avenue Securities LLC purchased a new stake in shares of Casella Waste Systems in the second quarter worth approximately $898,000. Assenagon Asset Management S.A. purchased a new stake in shares of Casella Waste Systems during the second quarter valued at approximately $246,000. Finally, Harbor Capital Advisors Inc. increased its position in shares of Casella Waste Systems by 6.2% during the second quarter. Harbor Capital Advisors Inc. now owns 67,800 shares of the industrial products company's stock valued at $7,823,000 after acquiring an additional 3,942 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company's stock.

Casella Waste Systems Stock Performance

NASDAQ:CWST traded down $1.62 during trading hours on Friday, reaching $107.94. 542,047 shares of the stock were exchanged, compared to its average volume of 393,592. The company has a quick ratio of 1.87, a current ratio of 1.96 and a debt-to-equity ratio of 0.72. The firm has a 50 day simple moving average of $114.76 and a 200-day simple moving average of $112.43. Casella Waste Systems has a 52 week low of $91.01 and a 52 week high of $121.24. The stock has a market capitalization of $6.85 billion, a P/E ratio of 490.66, a P/E/G ratio of 3.95 and a beta of 0.84.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.08. The business had revenue of $417.10 million for the quarter, compared to the consensus estimate of $403.64 million. Casella Waste Systems had a return on equity of 4.69% and a net margin of 0.79%. The business's revenue was up 22.3% on a year-over-year basis. During the same quarter last year, the business posted $0.15 EPS. As a group, sell-side analysts forecast that Casella Waste Systems will post 1.16 earnings per share for the current fiscal year.

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.