Zacks Investment Research upgraded shares of Casella Waste Systems Inc. (NASDAQ:CWST) from a hold rating to a strong-buy rating in a report issued on Tuesday. Zacks Investment Research currently has $12.00 target price on the stock.
According to Zacks, “Casella Waste Systems, Inc. is a regional, integrated solid waste services company that provides collection, transfer, disposal and recycling services, generates steam and manufactures finished products utilizing recyclable materials primarily throughout the eastern portion of the United States and parts of Canada. The Company also markets recyclable metals, aluminum, plastics, paper and corrugated cardboard all processed at its facilities and recyclables purchased from third parties. “
A number of other research analysts have also recently commented on CWST. First Analysis raised their price target on shares of Casella Waste Systems from $8.00 to $9.00 and gave the stock an overweight rating in a research note on Friday, June 17th. KeyCorp restated a buy rating on shares of Casella Waste Systems in a research note on Thursday, July 14th. Stifel Nicolaus set a $10.00 price target on shares of Casella Waste Systems and gave the stock a buy rating in a research note on Wednesday, July 27th. Finally, Imperial Capital cut their price target on shares of Casella Waste Systems from $12.00 to $8.50 and set an outperform rating for the company in a research note on Wednesday, August 3rd. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $10.50.
Casella Waste Systems (NASDAQ:CWST) opened at 10.45 on Tuesday. The company’s market capitalization is $433.55 million. Casella Waste Systems has a 52 week low of $4.97 and a 52 week high of $10.71. The firm’s 50-day moving average price is $9.44 and its 200-day moving average price is $8.16.
Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.07. The business had revenue of $144.67 million for the quarter, compared to the consensus estimate of $145.37 million. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.03 EPS. On average, equities analysts expect that Casella Waste Systems will post $0.04 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Aristotle Capital Boston LLC boosted its position in Casella Waste Systems by 1.1% in the second quarter. Aristotle Capital Boston LLC now owns 360,509 shares of the company’s stock worth $2,830,000 after buying an additional 3,751 shares during the period. Royal Bank of Canada boosted its position in Casella Waste Systems by 954,600.0% in the second quarter. Royal Bank of Canada now owns 381,880 shares of the company’s stock worth $2,997,000 after buying an additional 381,840 shares during the period. Toronto Dominion Bank boosted its position in Casella Waste Systems by 17.1% in the second quarter. Toronto Dominion Bank now owns 75,677 shares of the company’s stock worth $594,000 after buying an additional 11,038 shares during the period. A.R.T. Advisors LLC purchased a new position in Casella Waste Systems during the second quarter worth about $298,000. Finally, State Street Corp boosted its position in Casella Waste Systems by 3.1% in the second quarter. State Street Corp now owns 597,014 shares of the company’s stock worth $4,687,000 after buying an additional 17,762 shares during the period. Institutional investors own 65.65% of the company’s stock.
Casella Waste Systems Company Profile
Casella Waste Systems, Inc is a solid waste services company. The Company provides resource management services to residential, commercial, municipal and industrial customers, in the areas of solid waste collection and disposal, transfer, recycling and organics services. Its segments include its two regional segments, Eastern and Western regions, which provide a range of solid waste services; Recycling, which offers recycling operations and its commodity brokerage operations, and Other, including organic services, ancillary operations and industrial services.
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