Casella Waste (NASDAQ:CWST) Rating Improved

Stifel boosted Casella Waste (NASDAQ:CWST)’s stock to Buy rating from Hold. The ratings change was sent to investors and clients in an analyst note today. The firm currently has $28.0 price target on the stock.

Out of 7 analysts covering Casella Waste, 5 rate it a Buy, 3 indicate a Hold while 0 suggest a Sell. The highest target is $9.5 and the lowest is $7.5 according to Thomson/First Call. The 12-month mean target is $8.5, which means downside potential of 50.23% over the current price.

Institutional Ownership

Portolan Capital Management Llc had the largest stake with ownership of 3.77M shares as of q2 2015 for 5.33% of the fund’s portfolio. Skylands Capital Llc is another notably bullish investment professional who is having 1.70M shares of Casella Waste or 2.74% of their fund’s portfolio. Moreover, Rutabaga Capital Management Llc Ma have 1.84% of their fund’s portfolio invested in the company for 819,148 shares. The New York-based fund Walthausen & Co. Llc disclosed it had bought so far a stake worth about 0.95% of the investment professional’s stock portfolio in Casella Waste. The Oregon-based fund Tygh Capital Management Inc. is also positive about the stock, possessing 916,730 shares or 0.85% of their fund’s portfolio.

Casella Waste (NASDAQ:CWST) Profile

Casella Waste Systems, Inc. is a solid waste services company. The Company 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. It manages its solid waste operations on a geographic basis through two regional operating segments: Eastern and Western regions, each of which provides a range of solid waste services, and its recycling and commodity brokerage operations through its Recycling segment.

Casella Waste (NASDAQ:CWST) traded up 1.49% on 24 January, hitting $17.08. A total of 342,782 shares of the company’s stock traded hands. This is up from average of 283,254 shares. Casella Waste has a 52 week low of $8.25 and a 52 week high of $17.1. The company has a market cap of $713.62 million and a P/E ratio of 1634.45.

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The post Analysts at Stifel Improved Casella Waste (NASDAQ:CWST) Rating from Hold to Buy. The Stock Has 15.42 % Upside Potential and $28.0 Target Price per Share appeared first on Octafinance.