Macquarie Initiates Coverage on Progressive Waste Solutions Ltd (BIN)
Analysts at Macquarie started coverage on shares of Progressive Waste Solutions Ltd (TSE:BIN) in a research report issued to clients and investors on Wednesday, StockRatingsNetwork.com reports. The firm set an “underperform” rating on the stock.
BIN has been the subject of a number of other recent research reports. Analysts at TD Securities upgraded shares of Progressive Waste Solutions Ltd from a “hold” rating to a “buy” rating in a research note to investors on Friday, January 31st. They now have a C$28.00 price target on the stock. Separately, analysts at BMO Capital Markets cut their price target on shares of Progressive Waste Solutions Ltd from C$27.00 to C$24.00 in a research note to investors on Thursday, January 30th. They now have a “market perform” rating on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of C$27.27.
Progressive Waste Solutions Ltd (TSE:BIN) traded up 0.24% on Wednesday, hitting $25.27. The stock had a trading volume of 82,506 shares. Progressive Waste Solutions Ltd has a 1-year low of $20.60 and a 1-year high of $28.37. The stock has a 50-day moving average of $25.88 and a 200-day moving average of $26.23. The company has a market cap of $2.893 billion and a price-to-earnings ratio of 30.67.
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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