Progressive Waste Solutions Now Covered by Analysts at Stifel Nicolaus (BIN)
Research analysts at Stifel Nicolaus assumed coverage on shares of Progressive Waste Solutions (NYSE:BIN) in a report released on Thursday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.
Progressive Waste Solutions (NYSE:BIN) traded up 0.28% on Thursday, hitting $25.10. The stock had a trading volume of 204,123 shares. Progressive Waste Solutions has a 52 week low of $22.11 and a 52 week high of $27.18. The stock’s 50-day moving average is $25.34 and its 200-day moving average is $24.87. The company has a market cap of $2.869 billion and a P/E ratio of 23.61.
Progressive Waste Solutions (NYSE:BIN) last announced its earnings results on Friday, July 25th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $0.10. The company had revenue of $513.50 million for the quarter, compared to the consensus estimate of $511.68 million. The company’s quarterly revenue was down .6% on a year-over-year basis. On average, analysts predict that Progressive Waste Solutions will post $1.14 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Friday, September 26th.
A number of other analysts have also recently weighed in on BIN. Analysts at Macquarie reiterated an “underperform” rating on shares of Progressive Waste Solutions in a research note on Monday. They now have a $22.00 price target on the stock, up previously from $21.00. Separately, analysts at Zacks upgraded shares of Progressive Waste Solutions from a “neutral” rating to an “outperform” rating in a research note on Monday. They now have a $26.70 price target on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Progressive Waste Solutions from $28.00 to $29.00 in a research note on Monday. One equities research analyst has rated the stock with a sell rating, two have given 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 target price of $28.22.
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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