Casella Waste Systems, Inc. (NASDAQ:CWST) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Casella Waste Systems, Inc. (NASDAQ:CWST) have earned an average recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $114.3333.

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group set a $120.00 target price on shares of Casella Waste Systems and gave the stock a “buy” rating in a report on Tuesday, January 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Casella Waste Systems in a research note on Monday, December 29th. The Goldman Sachs Group dropped their target price on 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. Raymond James Financial reaffirmed a “strong-buy” rating and set a $120.00 target price on shares of Casella Waste Systems in a research note on Monday, November 3rd. Finally, JPMorgan Chase & Co. began coverage on Casella Waste Systems in a research note on Thursday, December 11th. They set a “neutral” rating and a $112.00 price target for the company.

Institutional Trading of Casella Waste Systems

A number of large investors have recently made changes to their positions in CWST. Liberty One Investment Management LLC grew its holdings in shares of Casella Waste Systems by 7.8% in the second quarter. Liberty One Investment Management LLC now owns 1,964 shares of the industrial products company’s stock worth $227,000 after purchasing an additional 142 shares during the last quarter. Moran Wealth Management LLC boosted its position in Casella Waste Systems by 2.5% in the 2nd quarter. Moran Wealth Management LLC now owns 5,894 shares of the industrial products company’s stock valued at $680,000 after buying an additional 145 shares during the period. Mackenzie Financial Corp grew its stake in Casella Waste Systems by 3.9% in the 3rd quarter. Mackenzie Financial Corp now owns 3,975 shares of the industrial products company’s stock worth $377,000 after acquiring an additional 149 shares in the last quarter. Cetera Trust Company N.A increased its position in shares of Casella Waste Systems by 4.9% during the second quarter. Cetera Trust Company N.A now owns 3,315 shares of the industrial products company’s stock worth $382,000 after acquiring an additional 155 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Casella Waste Systems by 5.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 3,115 shares of the industrial products company’s stock worth $359,000 after acquiring an additional 158 shares during the period. 99.51% of the stock is owned by hedge funds and other institutional investors.

Casella Waste Systems Stock Up 1.5%

NASDAQ CWST opened at $102.39 on Tuesday. The company has a quick ratio of 1.43, a current ratio of 1.51 and a debt-to-equity ratio of 0.72. The company has a fifty day moving average of $100.40 and a two-hundred day moving average of $96.50. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 426.64 and a beta of 0.80. Casella Waste Systems has a 52 week low of $82.22 and a 52 week high of $121.24.

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.