Casella Waste Systems, Inc. (NASDAQ:CWST) Receives $114.33 Average Price Target from Analysts

Shares of Casella Waste Systems, Inc. (NASDAQ:CWST) have been given an average rating of “Moderate Buy” by the twelve research firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $114.3333.

Several analysts have recently issued reports on CWST shares. Raymond James Financial reiterated a “strong-buy” rating and issued a $120.00 target price on shares of Casella Waste Systems in a research report on Monday, November 3rd. Barclays set a $95.00 price objective on Casella Waste Systems and gave the stock an “equal weight” rating in a research note on Monday, November 3rd. Zacks Research upgraded Casella Waste Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Casella Waste Systems in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. initiated coverage on Casella Waste Systems in a research note on Thursday, December 11th. They issued a “neutral” rating and a $112.00 price objective for the company.

Casella Waste Systems Trading Up 0.9%

Shares of NASDAQ:CWST opened at $104.73 on Tuesday. The business’s 50 day moving average price is $100.83 and its 200-day moving average price is $96.58. Casella Waste Systems has a 1 year low of $82.22 and a 1 year high of $121.24. The firm has a market capitalization of $6.65 billion, a price-to-earnings ratio of 436.39 and a beta of 0.79. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.51 and a quick ratio of 1.43.

Hedge Funds Weigh In On Casella Waste Systems

Several hedge funds and other institutional investors have recently modified their holdings of the business. Campbell & CO Investment Adviser LLC acquired a new stake in Casella Waste Systems in the 3rd quarter valued at about $2,707,000. UniSuper Management Pty Ltd boosted its holdings in shares of Casella Waste Systems by 40.9% during the 3rd quarter. UniSuper Management Pty Ltd now owns 102,003 shares of the industrial products company’s stock worth $9,678,000 after purchasing an additional 29,605 shares during the last quarter. Voya Investment Management LLC grew its position in shares of Casella Waste Systems by 72.1% in the third quarter. Voya Investment Management LLC now owns 536,376 shares of the industrial products company’s stock valued at $50,891,000 after purchasing an additional 224,691 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Casella Waste Systems in the third quarter valued at approximately $5,519,000. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in shares of Casella Waste Systems by 8.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,835 shares of the industrial products company’s stock valued at $442,000 after purchasing an additional 289 shares during the last quarter. 99.51% of the stock is owned by hedge funds and other institutional investors.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc is a regional resource management company headquartered in Rutland, Vermont. Established in 1975, the company has grown from a single-truck operation into a multi-state provider of integrated waste management solutions. Casella offers a comprehensive range of services, including residential, commercial and industrial waste collection, transfer station operations, landfill disposal, recycling processing and organics management.

Through a network of solid waste transfer stations, recycling facilities and landfills, Casella serves communities primarily across the northeastern United States and parts of the mid-Atlantic region.