Stock of The Day: Is Casella Waste Systems Inc. a Buy? The Stock Rises Again

Stock of The Day: Is Casella Waste Systems Inc. a Buy? The Stock Rises Again

The stock of Casella Waste Systems Inc. (NASDAQ:CWST) is a huge mover today! The stock increased 3.20% or $0.33 during the last trading session, hitting $10.63. About 306,748 shares traded hands or 72.30% up from the average. Casella Waste Systems Inc. (NASDAQ:CWST) has risen 73.69% since February 29, 2016 and is uptrending. It has outperformed by 61.48% the S&P500.
The move comes after 6 months positive chart setup for the $446.66 million company. It was reported on Oct, 4 by Barchart.com. We have $28.38 PT which if reached, will make NASDAQ:CWST worth $745.92 million more.

Analysts await Casella Waste Systems Inc. (NASDAQ:CWST) to report earnings on October, 28. They expect $0.08 EPS, 0.00% or $0.00 from last year’s $0.08 per share. CWST’s profit will be $3.36 million for 33.22 P/E if the $0.08 EPS becomes a reality. After $0.13 actual EPS reported by Casella Waste Systems Inc. for the previous quarter, Wall Street now forecasts -38.46% negative EPS growth.

Casella Waste Systems Inc. (NASDAQ:CWST) Ratings Coverage

Out of 5 analysts covering Casella Waste Systems Inc. (NASDAQ:CWST), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Casella Waste Systems Inc. has been the topic of 7 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Stifel Nicolaus on Monday, May 9. The firm earned “Overweight” rating on Friday, June 17 by First Analysis. Zacks downgraded Casella Waste Systems Inc. (NASDAQ:CWST) on Wednesday, August 19 to “Buy” rating. On Thursday, September 3 the stock rating was upgraded by Zacks to “Buy”. Raymond James upgraded the stock to “Strong Buy” rating in Tuesday, January 26 report.

According to Zacks Investment Research, “Casella Waste Systems, Inc. is a regional, integrated solid waste services company that provides collection, transfer, disposal and recycling services, generates steam and manufactures finished products utilizing recyclable materials primarily throughout the eastern portion of the United States and parts of Canada. The Company also markets recyclable metals, aluminum, plastics, paper and corrugated cardboard all processed at its facilities and recyclables purchased from third parties.”

Insitutional Activity: The institutional sentiment increased to 1.39 in 2016 Q2. Its up 0.39, from 1 in 2016Q1. The ratio increased, as 10 funds sold all Casella Waste Systems Inc. shares owned while 26 reduced positions. 15 funds bought stakes while 35 increased positions. They now own 26.83 million shares or 0.26% more from 26.76 million shares in 2016Q1.
The Wisconsin-based Broadview Advsrs Ltd Llc has invested 0.11% in Casella Waste Systems Inc. (NASDAQ:CWST). The New Jersey-based Blackrock Investment Management Ltd Company has invested 0% in Casella Waste Systems Inc. (NASDAQ:CWST). Cornerstone Cap Hldgs Limited Liability accumulated 0% or 17,900 shares. Deutsche Comml Bank Ag has invested 0% of its portfolio in Casella Waste Systems Inc. (NASDAQ:CWST). Ladenburg Thalmann Financial last reported 0% of its portfolio in the stock. D E Shaw Com Inc has invested 0% of its portfolio in Casella Waste Systems Inc. (NASDAQ:CWST). Cadence Cap Mgmt Ltd Llc accumulated 0.09% or 144,071 shares. Millennium Management Ltd Liability has 163,682 shares for 0% of their US portfolio. Federated Invsts Pa has invested 0% of its portfolio in Casella Waste Systems Inc. (NASDAQ:CWST). Manufacturers Life Insurance The has invested 0% of its portfolio in Casella Waste Systems Inc. (NASDAQ:CWST). Metropolitan Life Insurance Ny holds 0% of its portfolio in Casella Waste Systems Inc. (NASDAQ:CWST) for 29,977 shares. Teachers Advisors holds 0% of its portfolio in Casella Waste Systems Inc. (NASDAQ:CWST) for 64,318 shares. Legal And General Group Public Limited has invested 0% of its portfolio in Casella Waste Systems Inc. (NASDAQ:CWST). Moreover, Tower Rech Ltd Liability (Trc) has 0% invested in Casella Waste Systems Inc. (NASDAQ:CWST) for 1,631 shares. Moreover, Wells Fargo And Co Mn has 0% invested in Casella Waste Systems Inc. (NASDAQ:CWST) for 247,459 shares.

Insider Transactions: Since June 29, 2016, the stock had 0 buys, and 6 insider sales for $246,073 net activity. 6,491 shares with value of $49,098 were sold by Coletta Edmond on Wednesday, June 29. On Wednesday, June 29 the insider CASELLA JOHN W sold $68,099. Heald Christopher had sold 2,365 shares worth $17,889 on Wednesday, June 29. Shares for $17,972 were sold by SCHMITT DAVID L on Wednesday, June 29. CASELLA DOUGLAS R also sold $43,917 worth of Casella Waste Systems Inc. (NASDAQ:CWST) on Wednesday, June 29. 6,491 Casella Waste Systems Inc. (NASDAQ:CWST) shares with value of $49,098 were sold by Johnson Edwin D.

More notable recent Casella Waste Systems Inc. (NASDAQ:CWST) news were published by: Marketwatch.com which released: “Casella Waste Systems Inc. Cl A” on December 22, 2009, also Moodys.com with their article: “Moody’s upgrades Casella Waste’s CFR to B2; stable outlook” published on September 26, 2016, Globenewswire.com published: “Casella Waste Systems, Inc. Announces Plans for Potential Debt Refinancing” on September 26, 2016. More interesting news about Casella Waste Systems Inc. (NASDAQ:CWST) were released by: Fool.com and their article: “Why Casella Waste Systems Shares Fell nearly 12% in December” published on January 10, 2016 as well as Globenewswire.com‘s news article titled: “Casella Waste Systems, Inc. to Present at Upcoming Investor Conferences” with publication date: May 24, 2016.

CWST Company Profile

Casella Waste Systems, Inc., incorporated on March 1, 1993, is a solid waste services company. The Firm provides 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. The Company’s operating divisions include its two regional divisions, Eastern and Western regions, which provide a range of solid waste services; Recycling, which offers recycling activities and its commodity brokerage operations, and Other, including organic services, ancillary activities and industrial services. The Firm provides integrated solid waste services in over six states, including Vermont, New Hampshire, New York, Massachusetts, Maine and Pennsylvania. The Firm owns or operates approximately 30 solid waste collection operations, over 40 transfer stations, approximately 20 recycling facilities, over 10 Subtitle D landfills, approximately four landfill gas-to-energy facilities and a landfill permitted to accept construction and demolition (C&D) materials.

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