The stock of Casella Waste Systems Inc. (NASDAQ:CWST) hit a new 52-week high and has $26.86 target or 148.00% above today’s $10.83 share price. The 6 months bullish chart indicates low risk for the $449.75M company. The 1-year high was reported on Oct, 17 by Barchart.com. If the $26.86 price target is reached, the company will be worth $665.63 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 181,397 shares traded hands. Casella Waste Systems Inc. (NASDAQ:CWST) has risen 59.13% since March 14, 2016 and is uptrending. It has outperformed by 53.51% the S&P500.
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 $3.32M for 33.84 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. $9 is the highest target while $7 is the lowest. The $8.17 average target is -24.56% below today’s ($10.83) stock price. Casella Waste Systems Inc. has been the topic of 7 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Thursday, September 3 by Zacks. On Monday, May 9 the stock rating was upgraded by Stifel Nicolaus to “Buy”. The company was downgraded on Wednesday, August 19 by Zacks. The rating was upgraded by Raymond James to “Strong Buy” on Tuesday, January 26. As per Friday, June 17, the company rating was maintained by First Analysis.
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.
Tiaa Cref Invest Mgmt Limited Liability Com has 0% invested in the company for 185,729 shares. Blackrock Management Limited Liability Com last reported 163,230 shares in the company. Cornerstone Capital Management Hldgs Lc last reported 17,900 shares in the company. Parallax Volatility Advisers L P has 3 shares for 0% of their US portfolio. Blackrock Institutional Tru Na holds 0% of its portfolio in Casella Waste Systems Inc. (NASDAQ:CWST) for 1.43M shares. Jupiter Asset Mngmt Limited last reported 878,252 shares in the company. California Pub Employees Retirement System last reported 0% of its portfolio in the stock. Geode Capital Ltd Llc accumulated 0% or 276,288 shares. Fny Managed Accounts Limited Liability Corp reported 3,000 shares or 0% of all its holdings. Legal And General Gp Public Limited Liability Company holds 7,197 shares or 0% of its portfolio. Monarch Prns Asset Mngmt Limited Liability holds 80,780 shares or 0.06% of its portfolio. Tower Research Ltd Llc (Trc) has 0% invested in the company for 1,631 shares. Deere & owns 11,323 shares or 0% of their US portfolio. Neuberger Berman Group Llc has 12,000 shares for 0% of their US portfolio. Deutsche Comml Bank Ag last reported 0% of its portfolio in the stock.
Insider Transactions: Since June 29, 2016, the stock had 0 insider buys, and 6 insider sales for $246,073 net activity. $49,098 worth of shares were sold by Johnson Edwin D on Wednesday, June 29. 6,491 shares with value of $49,098 were sold by Coletta Edmond on Wednesday, June 29. Another trade for 9,003 shares valued at $68,099 was made by CASELLA JOHN W on Wednesday, June 29. Another trade for 2,376 shares valued at $17,972 was sold by SCHMITT DAVID L. The insider Heald Christopher sold $17,889. 5,806 Casella Waste Systems Inc. (NASDAQ:CWST) shares with value of $43,917 were sold by CASELLA DOUGLAS R.
More important recent Casella Waste Systems Inc. (NASDAQ:CWST) news were published by: Zacks.com which released: “Surging Earnings Estimates Signal Good News for Casella Waste Systems (CWST)” on October 17, 2016, also Fool.com published article titled: “Why Casella Waste Systems Shares Fell nearly 12% in December”, Globenewswire.com published: “Casella Waste Systems, Inc. Announces Pricing for New Credit Facility” on October 07, 2016. More interesting news about Casella Waste Systems Inc. (NASDAQ:CWST) was released by: Globenewswire.com and their article: “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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