Casella Waste Systems Inc. (CWST) Receives Consensus Rating of “Buy” from Analysts
Casella Waste Systems Inc. (NASDAQ:CWST) has received a consensus recommendation of “Buy” from the six brokerages that are currently covering the company. Four investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $10.50.
A number of equities analysts recently commented on the company. First Analysis lifted their price objective on Casella Waste Systems from $8.00 to $9.00 and gave the stock an “overweight” rating in a research note on Friday, June 17th. Zacks Investment Research raised Casella Waste Systems from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a research note on Wednesday, June 29th. KeyCorp reaffirmed a “buy” rating on shares of Casella Waste Systems in a research note on Thursday, July 14th. Stifel Nicolaus set a $10.00 price objective on Casella Waste Systems and gave the stock a “buy” rating in a research note on Wednesday, July 27th. Finally, Imperial Capital cut their price objective on Casella Waste Systems from $12.00 to $8.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 3rd.
A number of institutional investors have recently modified their holdings of CWST. GSA Capital Partners LLP raised its position in shares of Casella Waste Systems by 392.1% in the second quarter. GSA Capital Partners LLP now owns 93,974 shares of the company’s stock valued at $738,000 after buying an additional 74,876 shares during the period. Emerald Acquisition Ltd. acquired a new position in shares of Casella Waste Systems during the second quarter valued at about $724,000. RMB Capital Management LLC raised its position in shares of Casella Waste Systems by 0.9% in the second quarter. RMB Capital Management LLC now owns 3,271,597 shares of the company’s stock valued at $25,682,000 after buying an additional 29,597 shares during the period. Bank of New York Mellon Corp raised its position in shares of Casella Waste Systems by 6.0% in the second quarter. Bank of New York Mellon Corp now owns 160,008 shares of the company’s stock valued at $1,256,000 after buying an additional 9,107 shares during the period. Finally, Monarch Partners Asset Management LLC raised its position in shares of Casella Waste Systems by 7.5% in the second quarter. Monarch Partners Asset Management LLC now owns 80,780 shares of the company’s stock valued at $634,000 after buying an additional 5,660 shares during the period. 65.65% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Casella Waste Systems (NASDAQ:CWST) traded down 0.37% during trading on Wednesday, hitting $10.71. 137,787 shares of the stock traded hands. Casella Waste Systems has a 52 week low of $4.97 and a 52 week high of $10.89. The company has a 50-day moving average of $9.52 and a 200-day moving average of $8.22. The firm’s market cap is $444.34 million.
Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.07. The firm had revenue of $144.67 million for the quarter, compared to analyst estimates of $145.37 million. During the same period in the previous year, the business posted $0.03 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. On average, analysts forecast that Casella Waste Systems will post $0.04 EPS for the current fiscal year.
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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