Casella Waste Systems Price Target Increased to $6.50 by Analysts at Wedbush (CWST)
Investment analysts at Wedbush increased their target price on shares of Casella Waste Systems (NASDAQ:CWST) from $6.00 to $6.50 in a note issued to investors on Tuesday, Analyst Ratings News reports. The firm currently has an “outperform” rating on the stock. Wedbush’s price objective would indicate a potential upside of 13.84% from the company’s current price.
Separately, analysts at TheStreet upgraded shares of Casella Waste Systems from a “sell” rating to a “hold” rating in a research note to investors on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Casella Waste Systems presently has a consensus rating of “Hold” and a consensus target price of $6.25.
Shares of Casella Waste Systems (NASDAQ:CWST) traded down 1.04% during mid-day trading on Tuesday, hitting $5.71. The stock had a trading volume of 154,003 shares. Casella Waste Systems has a 52 week low of $3.76 and a 52 week high of $5.85. The stock has a 50-day moving average of $5.47 and a 200-day moving average of $4.61. The company’s market cap is $228.0 million.
Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.00 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.07) by $0.07. The company had revenue of $128.60 million for the quarter, compared to the consensus estimate of $121.72 million. Casella Waste Systems’s revenue was up 9.4% compared to the same quarter last year. On average, analysts predict that Casella Waste Systems will post $-0.28 earnings per share for the current fiscal year.
Casella Waste Systems, Inc is a vertically integrated solid waste, recycling, and resource management services company.
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