Casella Waste Systems (NASDAQ:CWST) Price Target Cut to $107.00 by Analysts at Deutsche Bank Aktiengesellschaft

Casella Waste Systems (NASDAQ:CWST) had its price objective cut by Deutsche Bank Aktiengesellschaft from $114.00 to $107.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have a hold rating on the industrial products company’s stock.

Other research analysts have also recently issued reports about the company. William Blair began coverage on Casella Waste Systems in a report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Raymond James upped their price objective on Casella Waste Systems from $121.00 to $122.00 and gave the company a “strong-buy” rating in a report on Thursday, September 19th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $117.00 price objective (up from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $111.50.

Casella Waste Systems Price Performance

Shares of Casella Waste Systems stock traded up $1.46 on Friday, hitting $99.34. 303,382 shares of the company were exchanged, compared to its average volume of 314,764. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of 827.83, a price-to-earnings-growth ratio of 8.07 and a beta of 0.99. The company has a 50-day moving average price of $102.61 and a 200 day moving average price of $100.50. Casella Waste Systems has a 1-year low of $74.00 and a 1-year high of $109.08. The company has a quick ratio of 1.51, a current ratio of 1.58 and a debt-to-equity ratio of 0.94.

Casella Waste Systems (NASDAQ:CWST) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). The company had revenue of $411.63 million for the quarter, compared to analyst estimates of $412.59 million. Casella Waste Systems had a return on equity of 3.42% and a net margin of 0.46%. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 earnings per share. As a group, sell-side analysts predict that Casella Waste Systems will post 0.62 earnings per share for the current fiscal year.

Institutional Trading of Casella Waste Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. purchased a new stake in Casella Waste Systems in the first quarter valued at approximately $26,000. Opal Wealth Advisors LLC purchased a new stake in shares of Casella Waste Systems during the second quarter worth $29,000. GAMMA Investing LLC increased its position in shares of Casella Waste Systems by 76.4% during the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 139 shares during the period. Whittier Trust Co. purchased a new stake in shares of Casella Waste Systems during the first quarter worth $41,000. Finally, Mark Sheptoff Financial Planning LLC increased its position in shares of Casella Waste Systems by 100.0% during the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,000 shares of the industrial products company’s stock worth $99,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 99.51% of the company’s stock.

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.