Increased Rating of Progressive Waste Solutions to Outdo at BMO Capital Markets

Based on the TheFlyOnTheWall.com reports, Progressive Waste Solutions (BIN) shares by the BMO Capital Markets upgraded from a market perform rating up by an outperform rating. Currently, BMO Capital Markets has $30.00 price objective on stock, higher than the preceding price objective of $26.00.

On Thursday, shares of Progressive Waste Solutions opened in 25.85. It had a one year low and one year high of $22.11 and $27.18 respectively. The stock has a 200-day moving average of $25.15 and 50-day moving average of $25.0, and has a market cap measuring to $2.954 billion.

The recent announcement of the company’s earnings results was reported at $0.36 earnings per share, beating the consensus estimate of analysts, with $513.50 million revenue for the quarter. During the current fiscal year, analysts expect the company to post $1.16 EPS.

The coverage on shares of the company was initiated by analysts at Stifel Nicolaus. Separately, Macquarie analysts reiterated the company’s underperform rating on shares. Now, they have a $22.00 stock price target, higher than the previous $21.00. On the other hand, analysts at Zacks upgraded the company shares from neutral rating, up by an outperform rating. Currently, the stock has a Buy average rating, and $28.40 average price target.

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About June Harris

June was born and raised in Ligonier, a small historic town in Pennsylvania. She befriended TV cameras at an early age when she was selected to feature in a local TV series for children. Her passion for entertainment grew bigger after June was named Miss Pennsylvania at 16 years old. She was co-opted in various projects ever since and is now a strong promoter of fitness and health activities.