Casella Waste Systems (NASDAQ:CWST) Price Target Raised to $52.00 at Raymond James

Casella Waste Systems (NASDAQ:CWST) had its price target hoisted by Raymond James from $43.00 to $52.00 in a research report sent to investors on Monday morning, BenzingaRatingsTable reports. The firm currently has a strong-buy rating on the industrial products company’s stock.

CWST has been the subject of a number of other research reports. Zacks Investment Research lowered Casella Waste Systems from a buy rating to a hold rating in a report on Friday, June 21st. UBS Group increased their target price on Casella Waste Systems from $36.00 to $39.00 and gave the company a neutral rating in a report on Thursday, May 2nd. ValuEngine lowered Casella Waste Systems from a strong-buy rating to a buy rating in a report on Thursday, August 1st. BidaskClub lowered Casella Waste Systems from a buy rating to a hold rating in a report on Friday, July 26th. Finally, Stifel Nicolaus upgraded Casella Waste Systems from a hold rating to a buy rating and increased their target price for the company from $35.00 to $40.00 in a report on Wednesday, May 1st. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $44.25.

CWST opened at $44.48 on Monday. The firm has a fifty day simple moving average of $41.58. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 72.92 and a beta of 0.80. Casella Waste Systems has a 12-month low of $24.61 and a 12-month high of $46.85. The company has a debt-to-equity ratio of 6.53, a current ratio of 1.02 and a quick ratio of 0.96.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Thursday, August 1st. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.02. The company had revenue of $187.46 million during the quarter, compared to analyst estimates of $184.08 million. Casella Waste Systems had a return on equity of 146.52% and a net margin of 2.69%. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 earnings per share. On average, equities analysts expect that Casella Waste Systems will post 0.81 earnings per share for the current year.

In related news, Director James F. Callahan, Jr. sold 5,000 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $38.53, for a total transaction of $192,650.00. Following the completion of the sale, the director now directly owns 65,736 shares in the company, valued at $2,532,808.08. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Christopher Heald sold 17,851 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $38.88, for a total value of $694,046.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 125,740 shares of company stock valued at $4,805,760. 9.65% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in CWST. Dorsey Wright & Associates raised its holdings in shares of Casella Waste Systems by 33.3% during the second quarter. Dorsey Wright & Associates now owns 1,028 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 257 shares in the last quarter. FMR LLC increased its position in Casella Waste Systems by 3,567.0% during the fourth quarter. FMR LLC now owns 6,894 shares of the industrial products company’s stock worth $196,000 after buying an additional 6,706 shares during the last quarter. NEXT Financial Group Inc acquired a new position in Casella Waste Systems during the second quarter worth $201,000. Legal & General Group Plc increased its position in Casella Waste Systems by 9.2% during the fourth quarter. Legal & General Group Plc now owns 7,288 shares of the industrial products company’s stock worth $207,000 after buying an additional 615 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC acquired a new position in Casella Waste Systems during the first quarter worth $207,000. Institutional investors and hedge funds own 90.08% 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 northeastern United States. The company operates through Eastern, Western, Recycling, and Other segments. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, and industrial customers.

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