Progressive Waste Solutions Rating Increased to Outperform at Wedbush (BIN)
Progressive Waste Solutions (NYSE:BIN) was upgraded by equities researchers at Wedbush from a “neutral” rating to an “outperform” rating in a research report issued on Monday, TheFlyOnTheWall.com reports.
Progressive Waste Solutions (NYSE:BIN) opened at 24.69 on Monday. Progressive Waste Solutions has a 1-year low of $20.42 and a 1-year high of $27.18. The stock’s 50-day moving average is $24.97 and its 200-day moving average is $24.86. The company has a market cap of $2.834 billion and a P/E ratio of 25.12.
Progressive Waste Solutions (NYSE:BIN) last released its earnings data on Monday, April 28th. The company reported $0.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.01. On average, analysts predict that Progressive Waste Solutions will post $1.09 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Thursday, June 26th.
BIN has been the subject of a number of other recent research reports. Analysts at TD Securities raised their price target on shares of Progressive Waste Solutions from $28.00 to $29.00 in a research note on Monday, April 28th. Separately, analysts at Canaccord Genuity raised their price target on shares of Progressive Waste Solutions from $27.50 to $28.00 in a research note on Monday, April 28th. Finally, analysts at Octagon Capital downgraded shares of Progressive Waste Solutions from a “buy” rating to a “hold” rating in a research note on Friday, April 25th. They now have a $24.25 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $27.64.
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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