Casella Waste Systems Rating Lowered to Neutral at Wedbush (CWST)
Casella Waste Systems (NASDAQ:CWST) was downgraded by analysts at Wedbush from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus initiated coverage on shares of Casella Waste Systems in a research note on Thursday, July 31st. They set a “hold” rating on the stock. Separately, analysts at Imperial Capital cut their price target on shares of Casella Waste Systems from $7.50 to $6.50 in a research note on Friday, June 27th. They now have an “outperform” rating on the stock. Finally, analysts at Wunderlich cut their price target on shares of Casella Waste Systems from $6.00 to $5.50 in a research note on Friday, June 27th. They now have a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $6.50.
Shares of Casella Waste Systems (NASDAQ:CWST) opened at 4.50 on Friday. Casella Waste Systems has a 52-week low of $4.50 and a 52-week high of $6.20. The stock’s 50-day moving average is $4.86 and its 200-day moving average is $5.15. The company’s market cap is $180.5 million.
Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Wednesday, August 27th. The company reported ($0.01) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.01). The company had revenue of $141.40 million for the quarter, compared to the consensus estimate of $132.93 million. Analysts expect that Casella Waste Systems will post $-0.22 EPS for the current fiscal year.
Casella Waste Systems, Inc is a vertically integrated solid waste, recycling, and resource management services company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.