Brokerages Set Casella Waste Systems Inc. (CWST) Target Price at $23.50

Shares of Casella Waste Systems Inc. (NASDAQ:CWST) have been assigned an average rating of “Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $24.00.

CWST has been the subject of several analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a $22.00 price objective on shares of Casella Waste Systems in a research note on Thursday, January 4th. Zacks Investment Research raised Casella Waste Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. BidaskClub raised Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 29th. TheStreet raised Casella Waste Systems from a “d” rating to a “c” rating in a research note on Thursday, March 1st. Finally, ValuEngine raised Casella Waste Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th.

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In other news, General Counsel David L. Schmitt sold 3,108 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $26.53, for a total value of $82,455.24. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Christopher Heald sold 2,883 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $26.51, for a total value of $76,428.33. The disclosure for this sale can be found here. Over the last quarter, insiders sold 125,325 shares of company stock worth $3,115,146. Company insiders own 11.47% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of CWST. Ramsey Quantitative Systems purchased a new stake in shares of Casella Waste Systems in the fourth quarter worth approximately $123,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Casella Waste Systems in the fourth quarter worth approximately $138,000. Aperio Group LLC purchased a new stake in shares of Casella Waste Systems in the fourth quarter worth approximately $231,000. Stone Ridge Asset Management LLC purchased a new stake in shares of Casella Waste Systems in the fourth quarter worth approximately $263,000. Finally, Voya Investment Management LLC purchased a new stake in shares of Casella Waste Systems in the second quarter worth approximately $274,000. Hedge funds and other institutional investors own 81.59% of the company’s stock.

Casella Waste Systems (NASDAQ CWST) traded up $0.21 during trading hours on Wednesday, hitting $23.46. The stock had a trading volume of 467,580 shares, compared to its average volume of 269,972. The company has a market cap of $983.06, a price-to-earnings ratio of -42.65 and a beta of 0.79. Casella Waste Systems has a 1-year low of $12.25 and a 1-year high of $27.38. The company has a debt-to-equity ratio of -12.61, a current ratio of 0.95 and a quick ratio of 0.88.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Thursday, March 1st. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). The company had revenue of $151.20 million during the quarter, compared to the consensus estimate of $145.30 million. Casella Waste Systems had a negative net margin of 3.64% and a negative return on equity of 58.61%. Casella Waste Systems’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.05 earnings per share. analysts expect that Casella Waste Systems will post 0.73 earnings per share for the current 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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