Casella Waste Systems, Inc. (NASDAQ:CWST) has received an average recommendation of “Buy” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $15.33.

Several analysts recently issued reports on CWST shares. KeyCorp increased their target price on Casella Waste Systems from $14.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, May 11th. Barclays PLC began coverage on Casella Waste Systems in a research report on Friday, June 23rd. They set an “overweight” rating and a $19.00 target price for the company. BidaskClub lowered Casella Waste Systems from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Zacks Investment Research lowered Casella Waste Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 10th.

Shares of Casella Waste Systems (CWST) opened at 16.28 on Friday. The stock’s 50 day moving average price is $14.98 and its 200-day moving average price is $13.46. Casella Waste Systems has a 12 month low of $7.76 and a 12 month high of $16.95. The company has a market cap of $681.81 million, a P/E ratio of 1252.31 and a beta of 0.56.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Thursday, May 4th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.10. Casella Waste Systems had a negative return on equity of 73.05% and a net margin of 0.09%. The firm had revenue of $133.80 million during the quarter, compared to analysts’ expectations of $128.33 million. During the same quarter last year, the business posted ($0.19) earnings per share. The firm’s revenue was up 6.7% on a year-over-year basis. Equities research analysts expect that Casella Waste Systems will post $0.54 earnings per share for the current year.

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In related news, COO Edwin D. Johnson sold 3,591 shares of the stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $16.82, for a total transaction of $60,400.62. Following the completion of the transaction, the chief operating officer now directly owns 269,500 shares of the company’s stock, valued at $4,532,990. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman Douglas R. Casella sold 2,166 shares of the stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $16.82, for a total value of $36,432.12. Following the transaction, the insider now directly owns 739,613 shares of the company’s stock, valued at $12,440,290.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,102 shares of company stock valued at $268,106. 11.50% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in CWST. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Casella Waste Systems during the first quarter worth approximately $144,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Casella Waste Systems during the fourth quarter worth approximately $156,000. Teza Capital Management LLC purchased a new position in shares of Casella Waste Systems during the first quarter worth approximately $157,000. Karp Capital Management Corp purchased a new position in shares of Casella Waste Systems during the first quarter worth approximately $163,000. Finally, Alliancebernstein L.P. purchased a new position in shares of Casella Waste Systems during the first quarter worth approximately $164,000. 75.71% of the stock is owned by institutional investors.

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, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. It manages its solid waste operations on a geographic basis through two regional operating segments: Eastern and Western regions, each of which provides a range of solid waste services, and its recycling and commodity brokerage operations through its Recycling segment.

Analyst Recommendations for Casella Waste Systems (NASDAQ:CWST)

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