Today, Casella Waste Systems Inc. (CWST) PT Raised to $11.00

Today, Casella Waste Systems Inc. (CWST) PT Raised to $11.00

Casella Waste Systems Inc. (NASDAQ:CWST) had its target price hoisted by stock analysts at Wedbush from $10.00 to $11.00 in a research note issued on Monday. The brokerage presently has a “neutral” rating on the stock. Wedbush’s price objective suggests a potential downside of 13.86% from the stock’s current price.

Several other research firms have also commented on CWST. Zacks Investment Research lowered shares of Casella Waste Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 21st. Stifel Nicolaus set a $10.00 price objective on shares of Casella Waste Systems and gave the company a “buy” rating in a research note on Wednesday, July 27th. Imperial Capital lifted their price objective on shares of Casella Waste Systems from $8.50 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday, August 3rd. KeyCorp reiterated a “buy” rating on shares of Casella Waste Systems in a research note on Thursday, July 14th. Finally, First Analysis lifted their price objective on shares of Casella Waste Systems from $9.50 to $11.50 and gave the company an “overweight” rating in a research note on Monday, August 8th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. Casella Waste Systems has an average rating of “Buy” and a consensus target price of $11.30.

Shares of Casella Waste Systems (NASDAQ:CWST) opened at 12.77 on Monday. Casella Waste Systems has a 52 week low of $4.97 and a 52 week high of $12.85. The company’s 50-day moving average is $11.38 and its 200-day moving average is $9.25. The firm’s market cap is $529.80 million.

In related news, insider Edmond Coletta sold 8,248 shares of Casella Waste Systems stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $12.22, for a total value of $100,790.56. Following the completion of the sale, the insider now owns 158,538 shares in the company, valued at $1,937,334.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gregory B. Peters sold 2,000 shares of Casella Waste Systems stock in a transaction on Friday, November 25th. The stock was sold at an average price of $12.77, for a total transaction of $25,540.00. Following the completion of the sale, the director now owns 94,670 shares of the company’s stock, valued at approximately $1,208,935.90. The disclosure for this sale can be found here. 11.50% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of CWST. RMB Capital Management LLC raised its stake in shares of Casella Waste Systems by 0.9% in the second quarter. RMB Capital Management LLC now owns 3,271,597 shares of the company’s stock worth $25,682,000 after buying an additional 29,597 shares during the period. Skylands Capital LLC raised its stake in shares of Casella Waste Systems by 6.8% in the third quarter. Skylands Capital LLC now owns 1,697,200 shares of the company’s stock worth $17,481,000 after buying an additional 107,488 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Casella Waste Systems by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,568,650 shares of the company’s stock worth $12,314,000 after buying an additional 31,090 shares during the period. Vanguard Group Inc. raised its stake in shares of Casella Waste Systems by 2.1% in the second quarter. Vanguard Group Inc. now owns 1,188,151 shares of the company’s stock worth $9,327,000 after buying an additional 24,912 shares during the period. Finally, BlackRock Fund Advisors raised its stake in shares of Casella Waste Systems by 8.1% in the third quarter. BlackRock Fund Advisors now owns 1,083,946 shares of the company’s stock worth $11,165,000 after buying an additional 81,621 shares during the period. Institutional investors and hedge funds own 64.26% of the company’s stock.

Casella Waste Systems Company Profile

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