Casella Waste Systems (CWST) was Reiterated by First Analysis Sec to “Overweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 9 from a previous price target of $8 . First Analysis Sec advised their investors in a research report released on Jun 17, 2016.
Many Wall Street Analysts have commented on Casella Waste Systems. Stifel Upgraded Casella Waste Systems on May 9, 2016 to ” Buy”, Price Target of the shares are set at $8.50.
On the company’s financial health, Casella Waste Systems reported $-0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on May 4, 2016. Analyst had a consensus of $-0.25. The company had revenue of $125.43 million for the quarter, compared to analysts expectations of $118.38 million. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.23 EPS.
Casella Waste Systems opened for trading at $7.55 and hit $7.7 on the upside on Wednesday, eventually ending the session at $7.53, with a gain of 0.27% or 0.02 points. The heightened volatility saw the trading volume jump to 85,982 shares. Company has a market cap of $310 M.
In a different news, on Mar 8, 2016, Gregory B Peters (director) sold 4,500 shares at $6.87 per share price. According to the SEC, on Nov 10, 2015, James E Oconnor (director) purchased 5,000 shares at $6.10 per share price. On Jun 11, 2015, Edwin D Johnson (President & COO) sold 2,822 shares at $5.63 per share price, according to the Form-4 filing with the securities and exchange commission.
Casella Waste Systems Inc. is a solid waste services company. The Company is engaged in the provision of 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. Its operating segments include Eastern and Western engaged in providing solid waste services; Recycling consisting of the Company’s recycling operations and commodity brokerage operations and Other including organic services ancillary operations and industrial services. It provides integrated solid waste services in six states: Vermont New Hampshire New York Massachusetts Maine and Pennsylvania. As of January 30 2015 the Company owned or operated 35 solid waste collection operations 44 transfer stations 18 recycling facilities nine Subtitle D landfills four landfill gas-to-energy facilities and one landfill permitted to accept construction and demolition materials.