Progressive Waste Solutions Upgraded to Outperform at Credit Suisse (BIN)
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.