Progressive Waste Solutions Given Consensus Rating of “Buy” by Brokerages (NYSE:BIN)
Shares of Progressive Waste Solutions (NYSE:BIN) have earned a consensus rating of “Buy” from the twelve ratings firms that are covering the stock, Analyst Ratings News reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $28.40.
Progressive Waste Solutions (NYSE:BIN) opened at 26.49 on Friday. 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 $25.12 and its 200-day moving average is $25.20. The company has a market cap of $3.027 billion and a P/E ratio of 24.99.
Progressive Waste Solutions (NYSE:BIN) last released its earnings data on Friday, July 25th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the 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 revenue for the quarter was down .6% on a year-over-year basis. Analysts expect that Progressive Waste Solutions will post $1.16 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders 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 2.42%. The ex-dividend date is Friday, September 26th.
A number of research firms have recently commented on BIN. Analysts at BMO Capital Markets upgraded shares of Progressive Waste Solutions from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 28th. They now have a $30.00 price target on the stock, up previously from $26.00. Separately, analysts at Stifel Nicolaus initiated coverage on shares of Progressive Waste Solutions in a research note on Thursday, July 31st. They set a “hold” rating on the stock. Finally, analysts at Macquarie reiterated an “underperform” rating on shares of Progressive Waste Solutions in a research note on Monday, July 28th. They now have a $22.00 price target on the stock, up previously from $21.00.
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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