Shares of Casella Waste Systems Inc. (NASDAQ:CWST) have been assigned an average rating of “Buy” from the six brokerages that are currently covering the company. Four research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $10.50.

CWST has been the subject of a number of analyst reports. Zacks Investment Research raised Casella Waste Systems from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research report on Wednesday, June 29th. First Analysis raised their price objective on Casella Waste Systems from $8.00 to $9.00 and gave the company an “overweight” rating in a research report on Friday, June 17th. Imperial Capital reduced their price objective on Casella Waste Systems from $12.00 to $8.50 and set an “outperform” rating for the company in a research report on Wednesday, August 3rd. Stifel Nicolaus set a $10.00 price objective on Casella Waste Systems and gave the company a “buy” rating in a research report on Wednesday, July 27th. Finally, KeyCorp reaffirmed a “buy” rating on shares of Casella Waste Systems in a research report on Thursday, July 14th.

Hedge funds have recently bought and sold shares of the company. AXA purchased a new stake in shares of Casella Waste Systems during the first quarter valued at approximately $612,000. Skylands Capital LLC raised its stake in shares of Casella Waste Systems by 12.2% in the second quarter. Skylands Capital LLC now owns 1,589,712 shares of the company’s stock valued at $12,479,000 after buying an additional 173,062 shares during the last quarter. Aristotle Capital Boston LLC raised its stake in shares of Casella Waste Systems by 1.1% in the second quarter. Aristotle Capital Boston LLC now owns 360,509 shares of the company’s stock valued at $2,830,000 after buying an additional 3,751 shares during the last quarter. Monarch Partners Asset Management LLC raised its stake in shares of Casella Waste Systems by 7.5% in the second quarter. Monarch Partners Asset Management LLC now owns 80,780 shares of the company’s stock valued at $634,000 after buying an additional 5,660 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Casella Waste Systems by 0.4% in the first quarter. Geode Capital Management LLC now owns 264,593 shares of the company’s stock valued at $1,772,000 after buying an additional 1,072 shares during the last quarter. 65.65% of the stock is owned by institutional investors and hedge funds.

Casella Waste Systems (NASDAQ:CWST) opened at 10.55 on Wednesday. The stock’s market cap is $437.70 million. Casella Waste Systems has a 52-week low of $4.97 and a 52-week high of $10.89. The firm has a 50-day moving average price of $9.64 and a 200 day moving average price of $8.29.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.07. The company had revenue of $144.67 million for the quarter, compared to the consensus estimate of $145.37 million. During the same period last year, the business earned $0.03 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. On average, analysts forecast that Casella Waste Systems will post $0.04 earnings per share for the current fiscal year.

About Casella Waste Systems

Casella Waste Systems, Inc is a solid waste services company. The Company provides resource management services to residential, commercial, municipal and industrial customers, in the areas of solid waste collection and disposal, transfer, recycling and organics services. Its segments include its two regional segments, Eastern and Western regions, which provide a range of solid waste services; Recycling, which offers recycling operations and its commodity brokerage operations, and Other, including organic services, ancillary operations and industrial services.

5 Day Chart for NASDAQ:CWST

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