Casella Waste Systems Rating Increased to Buy at KeyCorp (CWST)
Casella Waste Systems (NASDAQ:CWST) was upgraded by stock analysts at KeyCorp from a “hold” rating to a “buy” rating in a report issued on Monday, TheFlyOnTheWall.com reports.
Shares of Casella Waste Systems (NASDAQ:CWST) traded up 5.18% on Monday, hitting $5.48. The stock had a trading volume of 78,061 shares. Casella Waste Systems has a 52 week low of $3.81 and a 52 week high of $6.20. The stock’s 50-day moving average is $5.4 and its 200-day moving average is $5.50. The company’s market cap is $219.2 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 Macquarie initiated coverage on shares of Casella Waste Systems in a research note to investors on Tuesday, January 7th. They set a “neutral” rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average 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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