The stock of Casella Waste Systems Inc. (NASDAQ:CWST) hit a new 52-week high and has $20.16 target or 81.00% above today’s $11.14 share price. The 9 months bullish chart indicates low risk for the $441.35 million company. The 1-year high was reported on Nov, 4 by Barchart.com. If the $20.16 price target is reached, the company will be worth $357.49 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 149,051 shares traded hands. Casella Waste Systems Inc. (NASDAQ:CWST) has risen 66.92% since April 4, 2016 and is uptrending. It has outperformed by 65.83% the S&P500.
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 -26.66% below today’s ($11.14) stock price. Casella Waste Systems Inc. has been the topic of 7 analyst reports since August 21, 2015 according to StockzIntelligence Inc. First Analysis maintained Casella Waste Systems Inc. (NASDAQ:CWST) on Friday, June 17 with “Overweight” rating. The rating was upgraded by Zacks to “Buy” on Thursday, September 3. The stock of Casella Waste Systems Inc. (NASDAQ:CWST) has “Strong Buy” rating given on Tuesday, January 26 by Raymond James. The stock of Casella Waste Systems Inc. (NASDAQ:CWST) earned “Buy” rating by Zacks on Wednesday, August 19. The firm has “Buy” rating given on Monday, May 9 by Stifel Nicolaus.
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.
Eam Investors Llc last reported 268,849 shares in the company. Neuberger Berman Gp Ltd Liability holds 0% of its portfolio in Casella Waste Systems Inc. (NASDAQ:CWST) for 12,000 shares. Geode Mgmt Ltd holds 0% of its portfolio in Casella Waste Systems Inc. (NASDAQ:CWST) for 276,288 shares. Rhumbline Advisers holds 0% of its portfolio in Casella Waste Systems Inc. (NASDAQ:CWST) for 53,270 shares. Gamco Investors Et Al has invested 0.01% of its portfolio in Casella Waste Systems Inc. (NASDAQ:CWST). Axa accumulated 0% or 127,816 shares. Springbok Management Ltd Liability has 0% invested in the company for 2,700 shares. Weber Alan W holds 0.5% of its portfolio in Casella Waste Systems Inc. (NASDAQ:CWST) for 90,000 shares. Teton Advsr, a New York-based fund reported 607,228 shares. Bnp Paribas Arbitrage last reported 1,504 shares in the company. State Board Of Administration Of Florida Retirement Systems holds 0% of its portfolio in Casella Waste Systems Inc. (NASDAQ:CWST) for 17,421 shares. Driehaus Cap Management Limited Liability, a Illinois-based fund reported 277,961 shares. Balyasny Asset Mngmt Ltd Liability Co owns 17,382 shares or 0% of their US portfolio. California Employees Retirement Sys has 0% invested in the company for 240,300 shares. Group One Trading Lp last reported 0% of its portfolio in the stock.
Insider Transactions: Since June 29, 2016, the stock had 0 buys, and 6 selling transactions for $246,073 net activity. Another trade for 9,003 shares valued at $68,099 was made by CASELLA JOHN W on Wednesday, June 29. On Wednesday, June 29 the insider Heald Christopher sold $17,889. 6,491 shares were sold by Johnson Edwin D, worth $49,098. CASELLA DOUGLAS R sold $43,917 worth of stock. SCHMITT DAVID L also sold $17,972 worth of Casella Waste Systems Inc. (NASDAQ:CWST) on Wednesday, June 29. Another trade for 6,491 shares valued at $49,098 was sold by Coletta Edmond.
More notable recent Casella Waste Systems Inc. (NASDAQ:CWST) news were published by: Globenewswire.com which released: “Casella Waste Systems, Inc. Announces Third Quarter 2016 Results and Updates …” on November 03, 2016, also Reuters.com with their article: “BRIEF-Casella Waste Systems announces Q3 results and updates guidance” published on November 03, 2016, Fool.com published: “Why Shares of Casella Waste Systems Inc. Jumped 13% in September” on October 06, 2016. More interesting news about Casella Waste Systems Inc. (NASDAQ:CWST) were released by: Globenewswire.com and their article: “Casella Waste Systems, Inc. Announces Pricing for New Credit Facility” published on October 07, 2016 as well as Fool.com‘s news article titled: “Why Casella Waste Systems Shares Fell nearly 12% in December” with publication date: January 10, 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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