JPMorgan Chase & Co. Cuts Casella Waste Systems (NASDAQ:CWST) Price Target to $110.00

Casella Waste Systems (NASDAQ:CWST) had its target price cut by JPMorgan Chase & Co. from $112.00 to $110.00 in a research report released on Monday,Benzinga reports. They currently have a neutral rating on the industrial products company’s stock.

A number of other equities analysts have also recently issued reports on the stock. Barclays raised their price objective on shares of Casella Waste Systems from $95.00 to $101.00 and gave the company an “equal weight” rating in a research note on Monday. The Goldman Sachs Group cut their price target on Casella Waste Systems from $125.00 to $111.00 and set a “buy” rating on the stock 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 report on Monday, December 29th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $115.00 target price on shares of Casella Waste Systems in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Casella Waste Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.22.

Casella Waste Systems Trading Down 3.0%

CWST stock opened at $89.09 on Monday. The company has a quick ratio of 1.43, a current ratio of 1.26 and a debt-to-equity ratio of 0.72. Casella Waste Systems has a twelve month low of $82.22 and a twelve month high of $121.24. The company has a market cap of $5.66 billion, a P/E ratio of 742.48 and a beta of 0.79. The business has a fifty day moving average of $101.67 and a 200-day moving average of $96.03.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Thursday, February 19th. The industrial products company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.08. Casella Waste Systems had a return on equity of 5.17% and a net margin of 0.43%.The firm had revenue of $469.06 million during the quarter, compared to analyst estimates of $471.32 million. During the same period last year, the company earned $0.41 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. As a group, equities research analysts expect that Casella Waste Systems will post 1.16 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Campbell & CO Investment Adviser LLC acquired a new position in shares of Casella Waste Systems during the 3rd quarter worth about $2,707,000. UniSuper Management Pty Ltd grew its holdings in Casella Waste Systems by 40.9% during the third 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 period. Impax Asset Management Group plc increased its position in Casella Waste Systems by 33.3% during the third quarter. Impax Asset Management Group plc now owns 80,000 shares of the industrial products company’s stock worth $7,590,000 after buying an additional 20,000 shares during the last quarter. Voya Investment Management LLC increased its position in Casella Waste Systems by 72.1% during the third quarter. Voya Investment Management LLC now owns 536,376 shares of the industrial products company’s stock worth $50,891,000 after buying an additional 224,691 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Casella Waste Systems by 14.3% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 81,417 shares of the industrial products company’s stock valued at $7,725,000 after buying an additional 10,207 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 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.