Casella Waste Systems, Inc. (CWST) Receives Consensus Rating of “Hold” from Analysts
Casella Waste Systems, Inc. (NASDAQ:CWST) has earned a consensus rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $17.60.
Several research analysts have recently issued reports on CWST shares. BidaskClub raised shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research raised shares of Casella Waste Systems from a “sell” rating to a “hold” rating and set a $22.00 target price on the stock in a research note on Tuesday, November 7th. KeyCorp reaffirmed a “buy” rating on shares of Casella Waste Systems in a research note on Friday, November 3rd. Finally, Stifel Nicolaus lowered shares of Casella Waste Systems from a “buy” rating to a “hold” rating and set a $19.00 target price on the stock. in a research note on Wednesday, October 4th.
In related news, CEO John W. Casella sold 62,433 shares of Casella Waste Systems stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $19.31, for a total transaction of $1,205,581.23. Following the transaction, the chief executive officer now owns 472,112 shares of the company’s stock, valued at approximately $9,116,482.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher Heald sold 1,500 shares of Casella Waste Systems stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $20.25, for a total transaction of $30,375.00. Following the transaction, the vice president now directly owns 71,451 shares in the company, valued at approximately $1,446,882.75. The disclosure for this sale can be found here. Insiders have sold a total of 117,933 shares of company stock worth $2,245,196 in the last three months. 11.47% of the stock is owned by insiders.
Casella Waste Systems (NASDAQ CWST) opened at $21.08 on Monday. The stock has a market cap of $886.28, a PE ratio of 34.56 and a beta of 0.73. The company has a debt-to-equity ratio of -7.91, a current ratio of 0.98 and a quick ratio of 0.91. Casella Waste Systems has a one year low of $11.15 and a one year high of $21.62.
Casella Waste Systems (NASDAQ:CWST) last issued its earnings results on Wednesday, November 1st. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. The company had revenue of $160.27 million for the quarter, compared to analyst estimates of $154.61 million. Casella Waste Systems had a negative net margin of 9.09% and a negative return on equity of 56.99%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 EPS. sell-side analysts expect that Casella Waste Systems will post 0.64 earnings per share for the current fiscal year.
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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.
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