Share on StockTwits

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.

The Fly On The Wall

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.