Casella Waste Systems Inc. (CWST) Hits New 1-Year High at $9.57
Casella Waste Systems Inc. (NASDAQ:CWST) shares reached a new 52-week high on Monday . The company traded as high as $9.57 and last traded at $9.57, with a volume of 350,080 shares. The stock had previously closed at $9.36.
A number of research analysts recently weighed in on the company. Imperial Capital decreased their target price on Casella Waste Systems from $12.00 to $8.50 and set an “outperform” rating on the stock in a report on Wednesday. Stifel Nicolaus set a $10.00 target price on Casella Waste Systems and gave the stock a “buy” rating in a report on Wednesday, July 27th. Zacks Investment Research lowered Casella Waste Systems from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. First Analysis boosted their target price on Casella Waste Systems from $8.00 to $9.00 and gave the stock an “overweight” rating in a report on Friday, June 17th. Finally, KeyCorp reissued a “buy” rating on shares of Casella Waste Systems in a report on Thursday, July 14th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Casella Waste Systems currently has an average rating of “Buy” and a consensus target price of $8.90.
The stock’s market capitalization is $392.48 million. The stock’s 50 day moving average is $8.37 and its 200-day moving average is $7.03.
Casella Waste Systems (NASDAQ:CWST) last posted its earnings results on Thursday, July 28th. The company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.07. During the same quarter in the prior year, the business earned $0.03 EPS. The company earned $144.67 million during the quarter, compared to the consensus estimate of $145.37 million. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. Analysts predict that Casella Waste Systems Inc. will post ($0.01) earnings per share for the current fiscal year.
In other news, CEO John W. Casella sold 9,003 shares of the firm’s stock in a transaction that occurred on Wednesday, June 29th. The stock was sold at an average price of $7.56, for a total value of $68,062.68. Following the transaction, the chief executive officer now owns 524,991 shares in the company, valued at $3,968,931.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Edmond Coletta sold 6,491 shares of the firm’s stock in a transaction that occurred on Wednesday, June 29th. The shares were sold at an average price of $7.56, for a total value of $49,071.96. Following the completion of the transaction, the chief financial officer now owns 164,538 shares in the company, valued at approximately $1,243,907.28. The disclosure for this sale can be found here.
Casella Waste Systems, Inc is a solid waste services company. The Company provides resource management services to residential, commercial, municipal and industrial customers, in the areas of solid waste collection and disposal, transfer, recycling and organics services. Its segments include its two regional segments, Eastern and Western regions, which provide a range of solid waste services; Recycling, which offers recycling operations and its commodity brokerage operations, and Other, including organic services, ancillary operations and industrial services.
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