Wedbush Just Issued “Neutral” Rating on Casella Waste Systems (CWST)

Casella Waste Systems (CWST) was Reiterated by Wedbush to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 13 from a previous price target of $11 . Wedbush advised their Clients and Investors in a research report released on Mar 3, 2017.

Based on several research reports , Company shares were Reiterated by Wedbush on Mar 3, 2017 to “Neutral”, Firm has raised the Price Target to $ 13 from a previous price target of $11 .Company shares were Reiterated by Wedbush on Mar 3, 2017 to “Neutral”, Firm has raised the Price Target to $ 13 from a previous price target of $11 .Company shares were Downgraded by First Analysis Sec on Dec 9, 2016 to ” Equal-Weight”, Firm has raised the Price Target to $ 15 from a previous price target of $14 .

On the company’s financial health, Casella Waste Systems reported $0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Mar 1, 2017. Analyst had a consensus of $0.01. The company had revenue of $143.80 million for the quarter, compared to analysts expectations of $139.74 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.17 EPS.

Several company insiders have filed Insider transactions , on Dec 2, 2016, David L Schmitt (General Counsel & Senior VP) sold 1,000 shares at $12.50 per share price. According to the SEC, on Nov 25, 2016, Gregory B Peters (director) sold 2,000 shares at $12.77 per share price. On Nov 18, 2016, Edmond Coletta (Senior Vice President & CFO) sold 8,248 shares at $12.25 per share price, according to the Form-4 filing with the securities and exchange commission.

Casella Waste Systems opened for trading at $11.71 and hit $11.9975 on the upside on Monday, eventually ending the session at $11.79, with a gain of 1.03% or 0.12 points. The heightened volatility saw the trading volume jump to 1,82,699 shares. Company has a market cap of $489 M.

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.

Casella Waste Systems

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