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Upgrade Alert for Casella Waste Systems (CWST)

By Nick Russo

Casella Waste Systems (NASDAQ:CWST) was upgraded from Hold to Buy at Stifel today. The stock closed yesterday at $7.37 on volume of 263,000 shares, above average daily volume of 101,000.

Casella Waste Systems share prices have moved between a 52-week high of $7.62 and a 52-week low of $4.97 and closed yesterday at 48% above that low price at $7.37 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.8%.

Casella Waste Systems, Inc. provides integrated, non-hazardous solid waste services throughout the eastern United States. The Company 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.

There is potential upside of 4.0% for shares of Casella Waste Systems based on a current price of $7.37 and an average consensus analyst price target of $7.67. Casella Waste Systems shares have support at the 50-day moving average (MA) of $6.74 and additional support at the 200-day MA of $6.26.

SmarTrend recommended that subscribers consider buying shares of Casella Waste Systems on March 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.12. Since that recommendation, shares of Casella Waste Systems have risen 16.9%. We continue to monitor CWST for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades casella waste systems

Ticker(s): CWST