Progressive Waste Solutions Ltd Now Covered by Analysts at Macquarie (BIN)
Research analysts at Macquarie initiated coverage on shares of Progressive Waste Solutions Ltd (TSE:BIN) in a report released on Tuesday, AmericanBankingNews.com reports. The firm set an “underperform” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Imperial Capital initiated coverage on shares of Progressive Waste Solutions Ltd in a research note to investors on Friday, December 6th. They set an “outperform” rating and a C$31.00 price target on the stock. Separately, analysts at Capital Ideas Research initiated coverage on shares of Progressive Waste Solutions Ltd in a research note to investors on Friday, December 6th. They set an “outperform” rating on the stock. Finally, analysts at CIBC raised their price target on shares of Progressive Waste Solutions Ltd from C$25.50 to C$26.50 in a research note to investors on Friday, October 25th. They now have a “sector perform” rating on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of C$27.60.
Progressive Waste Solutions Ltd (TSE:BIN) traded down 1.08% on Tuesday, hitting $25.59. The stock had a trading volume of 301,324 shares. Progressive Waste Solutions Ltd has a one year low of $20.60 and a one year high of $28.37. The stock has a 50-day moving average of $27.00 and a 200-day moving average of $25.87. The company has a market cap of $2.929 billion and a price-to-earnings ratio of 31.47.
The company also recently declared a Quarterly dividend, which is scheduled for Wednesday, January 15th. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.15 per share. This represents a yield of 2.18%. The ex-dividend date of this dividend is Friday, December 27th.
Progressive Waste Solutions Ltd., formerly IESI-BFC Ltd. is a waste management company. The Company provides non-hazardous solid waste collection and disposal services to commercial, industrial, municipal and residential customers in 12 states and the District of Columbia in the United States and six Canadian provinces.
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