Casella Waste Systems (NASDAQ:CWST) Given a $125.00 Price Target by Raymond James Financial Analysts

Key Points

• Casella Waste Systems' stock has been given a "strong-buy" rating by Raymond James Financial, with a target price of $125.00, indicating a potential upside of 21.29% from its current price.
• The company reported earnings of $0.36 per share for the last quarter, exceeding analyst expectations and showing a 23.4% year-over-year revenue increase.
• Various brokerages have positive ratings on the stock, with an average rating of "Moderate Buy" and an average target price of $123.17.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) received a $125.00 price objective from stock analysts at Raymond James Financial in a report released on Monday, Marketbeat Ratings reports. The brokerage currently has a "strong-buy" rating on the industrial products company's stock. Raymond James Financial's target price would suggest a potential upside of 26.16% from the company's current price.

Several other equities research analysts have also issued reports on the company. TD Cowen assumed 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. UBS Group raised their price target on Casella Waste Systems from $130.00 to $135.00 and gave the company a "buy" rating in a report on Friday, April 11th. William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a research note on Tuesday, July 15th. Finally, Cowen reaffirmed a "buy" rating on shares of Casella Waste Systems in a research note on Friday, June 6th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $123.17.

Casella Waste Systems Price Performance

Casella Waste Systems stock traded down $0.27 during midday trading on Monday, reaching $99.08. 587,244 shares of the company were exchanged, compared to its average volume of 556,608. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.87 and a current ratio of 1.70. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 550.44, a P/E/G ratio of 4.08 and a beta of 0.83. The firm's 50-day simple moving average is $111.89 and its 200-day simple moving average is $112.07. Casella Waste Systems has a 1 year low of $97.05 and a 1 year high of $121.24.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.05. The business had revenue of $465.33 million for the quarter, compared to analyst estimates of $454.01 million. Casella Waste Systems had a return on equity of 4.97% and a net margin of 0.64%. The company's revenue was up 23.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 EPS. On average, analysts anticipate that Casella Waste Systems will post 1.16 EPS for the current year.

Institutional Investors Weigh In On Casella Waste Systems

Institutional investors have recently bought and sold shares of the business. Maseco LLP acquired a new stake in Casella Waste Systems during the 2nd quarter worth about $25,000. Ameritas Advisory Services LLC acquired a new stake in Casella Waste Systems during the 2nd quarter worth about $25,000. Caitong International Asset Management Co. Ltd boosted its position in Casella Waste Systems by 325.5% during 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. boosted 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 period. Finally, Covestor Ltd boosted its position in Casella Waste Systems by 124.4% during the 4th quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock worth $29,000 after acquiring an additional 153 shares during the period. 99.51% of the stock is currently 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.