Iesi-Bfc Ltd Rating Lowered to Neutral at Credit Suisse (BIN)
Iesi-Bfc Ltd (NYSE: BIN) was downgraded by equities researchers at Credit Suisse (NYSE: CS) from an “outperform” rating to a “neutral” rating in a report issued on Friday. They currently have a $23.00 target price on the stock.
Iesi-Bfc Ltd traded up 2.28% on Friday, hitting $20.19. Iesi-Bfc Ltd has a 52-week low of $18.35 and a 52-week high of $25.48. The company’s market cap is $2.346 billion.
Iesi-Bfc Ltd last posted its quarterly earnings results on Friday, April 27th. The company reported $0.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.24 by $0.05. Iesi-Bfc Ltd’s revenue was up 3.6% compared to the same quarter last year. Analysts expect that Iesi-Bfc Ltd will post $0.33 EPS next quarter.
Several other analysts have also recently commented on the stock. Analysts at Raymond James (NYSE: RJF) upgraded shares of Iesi-Bfc Ltd from an “outperform” rating to a “strong-buy” rating in a research note to investors on Monday, April 30th. Separately, analysts at BMO Capital Markets downgraded shares of Iesi-Bfc Ltd from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, April 30th. They now have a $24.00 price target on the stock. Finally, analysts at Scotia Capital downgraded shares of Iesi-Bfc Ltd from an “outperform” rating to a “sector perform” rating in a research note to investors on Monday, April 30th.
IESI-BFC Ltd., formerly BFI Canada 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 10 states and the District of Columbia in the United States and five provinces in Canada.