Analysts Set Casella Waste Systems Inc. (CWST) PT at $35.33
Casella Waste Systems Inc. (NASDAQ:CWST) has been given a consensus rating of “Hold” by the seven brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $35.33.
Several analysts recently issued reports on the stock. BidaskClub upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a research report on Thursday, February 14th. Zacks Investment Research lowered shares of Casella Waste Systems from a “hold” rating to a “strong sell” rating in a research report on Monday, April 15th. Stifel Nicolaus lowered shares of Casella Waste Systems from a “buy” rating to a “hold” rating and set a $35.00 price target on the stock. in a research report on Friday, February 22nd. KeyCorp assumed coverage on shares of Casella Waste Systems in a research report on Monday, February 4th. They set a “sector weight” rating on the stock. Finally, ValuEngine upgraded shares of Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 28th.
In other news, VP Christopher Heald sold 6,925 shares of the firm’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $34.60, for a total transaction of $239,605.00. Following the completion of the transaction, the vice president now owns 107,090 shares of the company’s stock, valued at $3,705,314. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John W. Casella sold 60,733 shares of the firm’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $34.60, for a total transaction of $2,101,361.80. Following the transaction, the chief executive officer now directly owns 548,108 shares of the company’s stock, valued at approximately $18,964,536.80. The disclosure for this sale can be found here. Insiders sold 424,422 shares of company stock worth $14,797,659 in the last 90 days. Company insiders own 10.64% of the company’s stock.
Shares of NASDAQ CWST traded up $0.37 during trading hours on Thursday, hitting $35.23. 145,409 shares of the stock were exchanged, compared to its average volume of 259,776. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 57.75 and a beta of 0.95. Casella Waste Systems has a 1-year low of $23.38 and a 1-year high of $36.95.
Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Thursday, February 21st. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02). The firm had revenue of $174.72 million for the quarter, compared to analyst estimates of $172.12 million. Casella Waste Systems had a negative return on equity of 114.82% and a net margin of 0.97%. The business’s revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 EPS. Equities research analysts predict that Casella Waste Systems will post 0.81 earnings per share for the current year.
About Casella Waste Systems
Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the northeastern United States. The company operates through Eastern, Western, Recycling, and Other segments. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, and industrial customers.
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