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Progressive Waste Solutions (NYSE:BIN) was upgraded by equities researchers at Credit Suisse to an “outperform” rating in a research report issued on Wednesday, ARN reports.

Progressive Waste Solutions (NYSE:BIN) opened at 24.46 on Wednesday. Progressive Waste Solutions has a 52-week low of $20.07 and a 52-week high of $27.18. The stock’s 50-day moving average is $23.60 and its 200-day moving average is $25.00. The company has a market cap of $2.809 billion and a price-to-earnings ratio of 24.21.

Progressive Waste Solutions (NYSE:BIN) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.03. The company had revenue of $502.00 million for the quarter, compared to the consensus estimate of $500.61 million. Analysts expect that Progressive Waste Solutions will post $1.10 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.136 per share. This represents a $0.54 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Thursday, March 27th.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Progressive Waste Solutions from a “neutral” rating to an “underperform” rating in a research note on Monday. They now have a $23.50 price target on the stock. Separately, analysts at Raymond James upgraded shares of Progressive Waste Solutions from an “outperform” rating to a “strong-buy” rating in a research note on Friday, February 14th. They now have a $31.00 price target on the stock, up previously from $30.00. Finally, analysts at Canaccord Genuity upgraded shares of Progressive Waste Solutions from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. They now have a $26.00 price target on the stock, down previously from $26.50. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $27.42.

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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