A number of firms have modified their ratings and price targets on shares of Casella Waste Systems (NASDAQ: CWST) recently:

  • 1/4/2018 – Casella Waste Systems had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $22.00 price target on the stock.
  • 1/3/2018 – Casella Waste Systems was downgraded by analysts at Zacks Investment Research from a “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. “
  • 12/29/2017 – Casella Waste Systems was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 12/26/2017 – Casella Waste Systems was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $24.00 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. “

Casella Waste Systems Inc. (NASDAQ CWST) traded up $0.09 during trading on Tuesday, hitting $23.61. The stock had a trading volume of 242,300 shares, compared to its average volume of 272,500. Casella Waste Systems Inc. has a 52-week low of $11.15 and a 52-week high of $23.66. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of -7.91. The company has a market capitalization of $988.87, a price-to-earnings ratio of -18.16 and a beta of 0.72.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The company had revenue of $160.27 million during the quarter, compared to analyst estimates of $154.61 million. Casella Waste Systems had a negative return on equity of 56.99% and a negative net margin of 9.09%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $0.18 earnings per share. research analysts forecast that Casella Waste Systems Inc. will post 0.64 earnings per share for the current year.

In related news, COO Edwin D. Johnson sold 99,091 shares of Casella Waste Systems stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $21.01, for a total transaction of $2,081,901.91. Following the completion of the sale, the chief operating officer now owns 469,500 shares of the company’s stock, valued at $9,864,195. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Edmond Coletta sold 7,000 shares of Casella Waste Systems stock in a transaction on Monday, November 6th. The shares were sold at an average price of $20.01, for a total value of $140,070.00. Following the sale, the insider now directly owns 164,589 shares of the company’s stock, valued at approximately $3,293,425.89. The disclosure for this sale can be found here. Insiders have sold 200,524 shares of company stock valued at $4,077,303 in the last three months. 11.47% of the stock is owned by corporate 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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