Price Action to Note: What’s Ahead for Casella Waste Systems Inc. After Achieving 52-Week High?

Price Action to Note: What's Ahead for Casella Waste Systems Inc. After Achieving 52 Week High?

The stock of Casella Waste Systems Inc. (NASDAQ:CWST) hit a new 52-week high and has $13.61 target or 8.00% above today’s $12.60 share price. The 8 months bullish chart indicates low risk for the $527.78M company. The 1-year high was reported on Nov, 22 by If the $13.61 price target is reached, the company will be worth $42.22 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 30,866 shares traded hands. Casella Waste Systems Inc. (NASDAQ:CWST) has risen 74.00% since April 20, 2016 and is uptrending. It has outperformed by 69.44% the S&P500.

Casella Waste Systems Inc. (NASDAQ:CWST) Ratings Coverage

Out of 6 analysts covering Casella Waste Systems Inc. (NASDAQ:CWST), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. $11 is the highest target while $7 is the lowest. The $8.88 average target is -29.52% below today’s ($12.6) stock price. Casella Waste Systems Inc. has been the topic of 8 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The stock of Casella Waste Systems Inc. (NASDAQ:CWST) has “Buy” rating given on Monday, May 9 by Stifel Nicolaus. The company was maintained on Friday, June 17 by First Analysis. The stock of Casella Waste Systems Inc. (NASDAQ:CWST) has “Strong Buy” rating given on Tuesday, January 26 by Raymond James. The firm has “Buy” rating by Zacks given on Wednesday, August 19. Zacks upgraded Casella Waste Systems Inc. (NASDAQ:CWST) on Thursday, September 3 to “Buy” rating. The stock has “Neutral” rating given by Wedbush on Monday, November 7.

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 2.18 in Q2 2016. Its up 0.79, from 1.39 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.
California Pub Employees Retirement Systems accumulated 0% or 240,300 shares. Northern Tru holds 0% of its portfolio in Casella Waste Systems Inc. (NASDAQ:CWST) for 397,244 shares. Tower Research Cap (Trc), a New York-based fund reported 1,631 shares. Intl Group Inc has 0% invested in the company for 22,258 shares. State Street holds 0% of its portfolio in Casella Waste Systems Inc. (NASDAQ:CWST) for 597,014 shares. Parallax Volatility Advisers L P holds 0% of its portfolio in Casella Waste Systems Inc. (NASDAQ:CWST) for 3 shares. Springbok Cap Management Ltd has 2,700 shares for 0% of their US portfolio. Eam Limited Com has 268,849 shares for 0.32% of their US portfolio. D E Shaw And has 149,534 shares for 0% of their US portfolio. The Missouri-based Kennedy Mgmt has invested 0.18% in Casella Waste Systems Inc. (NASDAQ:CWST). Moreover, Bank Of New York Mellon Corporation has 0% invested in Casella Waste Systems Inc. (NASDAQ:CWST) for 160,008 shares. Deutsche National Bank Ag holds 0% or 54,225 shares in its portfolio. Ig Inv Management Ltd holds 0% of its portfolio in Casella Waste Systems Inc. (NASDAQ:CWST) for 83,556 shares. Aristotle Cap Boston Lc last reported 0.64% of its portfolio in the stock. Gamco Investors Et Al, a New York-based fund reported 202,781 shares.

Insider Transactions: Since June 29, 2016, the stock had 0 insider buys, and 8 selling transactions for $354,814 net activity. Heald Christopher had sold 2,365 shares worth $17,889. Another trade for 6,491 shares valued at $49,098 was sold by Coletta Edmond. Another trade for 9,003 shares valued at $68,099 was made by CASELLA JOHN W on Wednesday, June 29. $49,098 worth of Casella Waste Systems Inc. (NASDAQ:CWST) shares were sold by Johnson Edwin D. $7,924 worth of Casella Waste Systems Inc. (NASDAQ:CWST) was sold by SCHMITT DAVID L. Shares for $43,917 were sold by CASELLA DOUGLAS R.

More recent Casella Waste Systems Inc. (NASDAQ:CWST) news were published by: which released: “Why Shares of Casella Waste Systems Inc. Jumped 13% in September” on October 06, 2016. Also published the news titled: “Casella Waste Systems, Inc. Announces Third Quarter 2016 Results and Updates …” on November 03, 2016.‘s news article titled: “Why Casella Waste Systems Shares Fell nearly 12% in December” with publication date: January 10, 2016 was also an interesting one.

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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment