Shares of Casella Waste Systems, Inc. (NASDAQ:CWST – Get Free Report) have earned an average recommendation of “Buy” from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $111.25.
CWST has been the topic of a number of research reports. Raymond James raised 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. Stifel Nicolaus restated 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. Finally, William Blair began coverage on shares of Casella Waste Systems in a report on Thursday, October 3rd. They set an “outperform” rating on the stock.
Read Our Latest Research Report on Casella Waste Systems
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Casella Waste Systems Price Performance
CWST stock opened at $104.07 on Friday. The firm has a 50 day simple moving average of $103.31 and a two-hundred day simple moving average of $100.12. The stock has a market cap of $6.04 billion, a PE ratio of 335.71, a P/E/G ratio of 7.90 and a beta of 0.99. Casella Waste Systems has a one year low of $72.97 and a one year high of $109.08. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.58 and a quick ratio of 1.51.
Casella Waste Systems (NASDAQ:CWST – Get Free Report) last announced its earnings results on Thursday, August 1st. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.06). Casella Waste Systems had a return on equity of 3.83% and a net margin of 1.35%. The company had revenue of $377.20 million during the quarter, compared to analysts’ expectations of $373.87 million. During the same quarter last year, the firm posted $0.36 earnings per share. The firm’s revenue was up 30.2% on a year-over-year basis. On average, analysts predict that Casella Waste Systems will post 0.62 EPS for the current fiscal year.
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.
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