Casella Waste Systems (NASDAQ:CWST) Stock Rating Upgraded by BidaskClub

Casella Waste Systems (NASDAQ:CWST) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Saturday, BidAskClub reports.

Several other research firms have also recently weighed in on CWST. ValuEngine cut Casella Waste Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. TheStreet downgraded Casella Waste Systems from a “b-” rating to a “c” rating in a report on Friday, November 1st. Zacks Investment Research lowered shares of Casella Waste Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Finally, Jefferies Financial Group assumed coverage on shares of Casella Waste Systems in a report on Wednesday, November 27th. They set a “buy” rating and a $52.00 price target for the company. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $47.00.

NASDAQ CWST opened at $47.26 on Friday. The firm’s 50 day moving average price is $43.48 and its two-hundred day moving average price is $42.54. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 77.48 and a beta of 0.80. Casella Waste Systems has a twelve month low of $24.61 and a twelve month high of $47.72. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.84 and a current ratio of 0.90.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Thursday, October 31st. The industrial products company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. The business had revenue of $198.55 million for the quarter, compared to the consensus estimate of $192.60 million. Casella Waste Systems had a return on equity of 50.45% and a net margin of 1.23%. Casella Waste Systems’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 earnings per share. On average, research analysts forecast that Casella Waste Systems will post 0.85 EPS for the current fiscal year.

In other news, Director Emily Nagle Green sold 2,500 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $46.11, for a total transaction of $115,275.00. Following the transaction, the director now owns 30,988 shares in the company, valued at approximately $1,428,856.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James F. Callahan, Jr. sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $42.01, for a total transaction of $420,100.00. Following the transaction, the director now owns 48,283 shares in the company, valued at approximately $2,028,368.83. The disclosure for this sale can be found here. 9.65% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of CWST. Rhumbline Advisers grew its holdings in Casella Waste Systems by 0.5% during the third quarter. Rhumbline Advisers now owns 59,663 shares of the industrial products company’s stock valued at $2,562,000 after purchasing an additional 275 shares during the last quarter. Flagship Harbor Advisors LLC lifted its position in Casella Waste Systems by 43.7% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 1,378 shares of the industrial products company’s stock worth $59,000 after acquiring an additional 419 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Casella Waste Systems by 4.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,937 shares of the industrial products company’s stock worth $770,000 after acquiring an additional 775 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Casella Waste Systems by 1.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 50,548 shares of the industrial products company’s stock valued at $2,003,000 after acquiring an additional 788 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of Casella Waste Systems by 14.1% in the third quarter. Steward Partners Investment Advisory LLC now owns 6,393 shares of the industrial products company’s stock worth $274,000 after purchasing an additional 791 shares during the period. Hedge funds and other institutional investors own 92.33% of the company’s stock.

Casella Waste Systems Company Profile

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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Analyst Recommendations for Casella Waste Systems (NASDAQ:CWST)

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