Casella Waste Systems Inc. (CWST) Reaches New 1-Year High at $9.57
Casella Waste Systems Inc. (NASDAQ:CWST) shares hit a new 52-week high during mid-day trading on Monday . The stock 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.
Several research analysts have recently issued reports on the stock. Stifel Nicolaus set a $10.00 price target on shares of Casella Waste Systems and gave the stock a “buy” rating in a report on Wednesday, July 27th. Zacks Investment Research downgraded Casella Waste Systems from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. First Analysis increased their price objective on Casella Waste Systems from $8.00 to $9.00 and gave the company an “overweight” rating in a report on Friday, June 17th. Finally, KeyCorp restated a “buy” rating on shares of Casella Waste Systems in a report on Thursday, July 14th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Casella Waste Systems currently has a consensus rating of “Buy” and a consensus price target of $8.90.
The company’s 50 day moving average price is $8.25 and its 200 day moving average price is $6.96. The stock’s market cap is $388.69 million.
Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.07. The firm 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.03 earnings per share. Equities analysts expect that Casella Waste Systems Inc. will post ($0.04) EPS for the current fiscal year.
In other Casella Waste Systems news, CFO Edmond Coletta sold 6,491 shares of the firm’s stock in a transaction 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 directly owns 164,538 shares of the company’s stock, valued at approximately $1,243,907.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO John W. Casella sold 9,003 shares of the firm’s stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $7.56, for a total transaction of $68,062.68. Following the completion of the transaction, the chief executive officer now directly owns 524,991 shares of the company’s stock, valued at $3,968,931.96. 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.