Casella Waste Systems (NASDAQ: CWST) has recently received a number of price target changes and ratings updates:

  • 8/4/2017 – Casella Waste Systems was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Casella Waste Systems, Inc. is a regional, integrated solid waste services company that provides collection, transfer, disposal and recycling services, generates steam and manufactures finished products utilizing recyclable materials primarily throughout the eastern portion of the United States and parts of Canada. The Company also markets recyclable metals, aluminum, plastics, paper and corrugated cardboard all processed at its facilities and recyclables purchased from third parties. “
  • 7/28/2017 – Casella Waste Systems had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $19.00 price target on the stock.
  • 7/19/2017 – Casella Waste Systems was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/19/2017 – Casella Waste Systems was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Casella Waste Systems, Inc. is a regional, integrated solid waste services company that provides collection, transfer, disposal and recycling services, generates steam and manufactures finished products utilizing recyclable materials primarily throughout the eastern portion of the United States and parts of Canada. The Company also markets recyclable metals, aluminum, plastics, paper and corrugated cardboard all processed at its facilities and recyclables purchased from third parties. “
  • 7/19/2017 – Casella Waste Systems had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $16.00 price target on the stock.
  • 7/13/2017 – Casella Waste Systems was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/11/2017 – Casella Waste Systems was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Casella Waste Systems, Inc. is a regional, integrated solid waste services company that provides collection, transfer, disposal and recycling services, generates steam and manufactures finished products utilizing recyclable materials primarily throughout the eastern portion of the United States and parts of Canada. The Company also markets recyclable metals, aluminum, plastics, paper and corrugated cardboard all processed at its facilities and recyclables purchased from third parties. “
  • 7/7/2017 – Casella Waste Systems was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $19.00 price target on the stock. According to Zacks, “Casella Waste Systems, Inc. is a regional, integrated solid waste services company that provides collection, transfer, disposal and recycling services, generates steam and manufactures finished products utilizing recyclable materials primarily throughout the eastern portion of the United States and parts of Canada. The Company also markets recyclable metals, aluminum, plastics, paper and corrugated cardboard all processed at its facilities and recyclables purchased from third parties. “
  • 7/6/2017 – Casella Waste Systems was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/23/2017 – Casella Waste Systems is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $19.00 price target on the stock.

Casella Waste Systems, Inc. (NASDAQ:CWST) traded down 0.19% on Monday, reaching $16.03. The company had a trading volume of 146,418 shares. The stock’s 50-day moving average is $16.60 and its 200-day moving average is $14.17. Casella Waste Systems, Inc. has a 52 week low of $8.75 and a 52 week high of $17.73. The company’s market capitalization is $670.23 million.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $154.02 million during the quarter, compared to the consensus estimate of $149.88 million. Casella Waste Systems had a negative net margin of 10.01% and a negative return on equity of 60.26%. Casella Waste Systems’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 earnings per share. Equities research analysts forecast that Casella Waste Systems, Inc. will post $0.59 EPS for the current fiscal year.

In related news, CEO John W. Casella sold 7,817 shares of the business’s 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 $131,481.94. Following the completion of the transaction, the chief executive officer now owns 507,912 shares of the company’s stock, valued at $8,543,079.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Edwin D. Johnson sold 3,591 shares of the business’s 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 approximately $4,532,990. The disclosure for this sale can be found here. Insiders sold 16,102 shares of company stock valued at $268,106 in the last three months. 11.50% of the stock is currently owned by insiders.

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.

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