Progressive Waste Solutions Given New $31.00 Price Target at RBC Capital (BIN)
Equities research analysts at RBC Capital boosted their price target on shares of Progressive Waste Solutions (NYSE:BIN) from $29.00 to $31.00 in a research note issued to investors on Tuesday. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price suggests a potential upside of 25.25% from the stock’s previous close.
Progressive Waste Solutions (NYSE:BIN) opened at 25.18 on Tuesday. 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 $24.98 and its 200-day moving average is $24.. The company has a market cap of $2.890 billion and a price-to-earnings ratio of 24.81.
Progressive Waste Solutions (NYSE:BIN) last released its earnings data on Monday, April 28th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.01. Analysts expect that Progressive Waste Solutions will post $1.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Thursday, June 26th.
A number of other analysts have also recently weighed in on BIN. Analysts at Wedbush upgraded shares of Progressive Waste Solutions from a “neutral” rating to an “outperform” rating in a research note on Monday. They now have a $30.00 price target on the stock, up previously from $26.00. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $28.46.
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.