Casella Waste Systems Coverage Initiated at Macquarie (CWST)
Equities researchers at Macquarie started coverage on shares of Casella Waste Systems (NASDAQ:CWST) in a research report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Casella Waste Systems (NASDAQ:CWST) traded down 1.37% during mid-day trading on Tuesday, hitting $5.77. 64,957 shares of the company’s stock traded hands. Casella Waste Systems has a 52-week low of $3.81 and a 52-week high of $6.20. The stock has a 50-day moving average of $5.77 and a 200-day moving average of $5.37. The company’s market cap is $230.8 million.
Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Thursday, December 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The company had revenue of $132.30 million for the quarter, compared to the consensus estimate of $126.27 million. During the same quarter in the previous year, the company posted ($0.68) earnings per share. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. Analysts expect that Casella Waste Systems will post $-0.32 EPS for the current fiscal year.
Separately, analysts at Imperial Capital initiated coverage on shares of Casella Waste Systems in a research note to investors on Thursday, October 31st. They set an “outperform” rating and a $7.50 price target on the stock. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $6.67.
Casella Waste Systems, Inc is a vertically integrated solid waste, recycling, and resource management services company.
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