Casella Waste Systems (NASDAQ:CWST) Stock Price Up 6.1% – Still a Buy?

by · The Cerbat Gem

Casella Waste Systems, Inc. (NASDAQ:CWST – Get Free Report) shares traded up 6.1% during trading on Monday . The company traded as high as $99.97 and last traded at $100.3440. 206,326 shares were traded during trading, a decline of 58% from the average session volume of 488,216 shares. The stock had previously closed at $94.57.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CWST shares. Barclays set a $95.00 target price on Casella Waste Systems and gave the company an “equal weight” rating in a research report on Monday, November 3rd. The Goldman Sachs Group reduced their price objective on shares of Casella Waste Systems from $125.00 to $111.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Stifel Nicolaus initiated coverage on Casella Waste Systems in a report on Monday, September 29th. They issued a “buy” rating and a $113.00 target price for the company. Raymond James Financial reiterated a “strong-buy” rating and issued a $120.00 price target on shares of Casella Waste Systems in a report on Monday, November 3rd. Finally, UBS Group boosted their price objective on shares of Casella Waste Systems from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.75.

Get Our Latest Stock Report on CWST

Casella Waste Systems Price Performance

The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.43 and a current ratio of 1.51. The company has a 50-day moving average of $90.64 and a 200-day moving average of $100.47. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 419.29 and a beta of 0.80.

Casella Waste Systems (NASDAQ:CWST – Get Free Report) last announced its earnings results on Thursday, October 30th. The industrial products company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. Casella Waste Systems had a return on equity of 5.63% and a net margin of 0.85%.The firm had revenue of $485.35 million for the quarter, compared to analysts’ expectations of $477.24 million. During the same quarter in the prior year, the firm earned $0.27 EPS. Casella Waste Systems’s quarterly revenue was up 17.9% on a year-over-year basis. As a group, equities research analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new stake in shares of Casella Waste Systems during the second quarter worth about $25,000. Maseco LLP purchased a new stake in Casella Waste Systems in the 2nd quarter worth approximately $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 valued at $25,000 after acquiring an additional 166 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in 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 acquiring an additional 184 shares during the last quarter. Finally, AlphaQuest LLC purchased a new position in shares of Casella Waste Systems during the 2nd quarter worth $33,000. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

About Casella Waste Systems

(Get Free Report)

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.

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