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) has been assigned a $125.00 price target by analysts at Raymond James Financial in a report issued on Monday, MarketBeat Ratings reports. The firm currently has a "strong-buy" rating on the industrial products company's stock. Raymond James Financial's price target suggests a potential upside of 27.03% from the company's previous close.

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

Casella Waste Systems Stock Down 0.8%

Casella Waste Systems stock traded down $0.80 during midday trading on Monday, hitting $98.41. 136,188 shares of the stock were exchanged, compared to its average volume of 443,579. Casella Waste Systems has a 1 year low of $97.05 and a 1 year high of $121.24. The firm has a market cap of $6.24 billion, a P/E ratio of 546.89, a P/E/G ratio of 4.21 and a beta of 0.83. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.70 and a quick ratio of 1.87. The company has a 50 day moving average price of $112.92 and a two-hundred day moving average price of $112.33.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.36 earnings per share (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 4.97%. The firm had revenue of $465.33 million for the quarter, compared to the consensus estimate of $454.01 million. During the same quarter in the previous year, the firm posted $0.22 EPS. The firm's quarterly revenue was up 23.4% on a year-over-year basis. On average, sell-side analysts predict that Casella Waste Systems will post 1.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Ameritas Advisory Services LLC acquired a new position in shares of Casella Waste Systems in the 2nd quarter valued at about $25,000. Maseco LLP acquired a new position in shares of Casella Waste Systems in the 2nd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of 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 valued at $25,000 after buying an additional 166 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Casella Waste Systems by 301.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company's stock valued at $27,000 after buying an additional 184 shares during the period. Finally, Covestor Ltd boosted its holdings in shares of Casella Waste Systems by 124.4% in the 4th quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock valued at $29,000 after buying an additional 153 shares during the period. 99.51% of the stock is 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.