Raymond James Believes Casella Waste (NASDAQ: CWST) Won’t Stop Here

By Jason Carr

In a report released today, Patrick Brown from Raymond James maintained a Buy rating on Casella Waste (NASDAQ: CWST), with a price target of $35. The company’s shares closed yesterday at $30.47, close to its 52-week high of $30.51.

According to TipRanks.com, Brown is a top 100 analyst with an average return of 21.7% and a 86.2% success rate. Brown covers the Services sector, focusing on stocks such as Kansas City Southern, Old Dominion Freight, and Union Pacific Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Casella Waste with a $32.50 average price target.

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Based on Casella Waste’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $1.7 million. In comparison, last year the company had a GAAP net loss of $53.68 million.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock.

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Casella Waste Systems, Inc. is a solid waste services company, which enagegs in the provision fo resource management and services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection, transfer, disposal, recycling and organics services. It operates through Recycling and Other segments.