Casella Waste Systems (CWST) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 10 from a previous price target of $8.50 . Stifel advised their investors in a research report released on Jul 27, 2016.
Many Wall Street Analysts have commented on Casella Waste Systems. Company shares were Reiterated by First Analysis Sec on Jun 17, 2016 to “Overweight”, Firm has raised the Price Target to $ 9 from a previous price target of $8 .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 closed down -0.12 points or -1.34% at $8.85 with 1,75,319 shares getting traded on Thursday. Post opening the session at $9.01, the shares hit an intraday low of $8.85 and an intraday high of $9.04 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Jun 30, 2016, Edwin D Johnson (President & COO) sold 6,491 shares at $7.56 per share price. According to the SEC, on Jun 30, 2016, John W Casella (Chief Executive Officer) sold 9,003 shares at $7.56 per share price. On Jun 30, 2016, David L Schmitt (General Counsel & Senior VP) sold 2,376 shares at $7.56 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.