Scotia Capital Cuts Iesi-Bfc Ltd to Sector Perform (BIN)

By admin | 7 years ago

Iesi-Bfc Ltd (NYSE: BIN) was downgraded by research analysts at Scotia Capital from an “outperform” rating to a “sector perform” rating in a report released on Monday.

Shares of Iesi-Bfc Ltd traded up 2.28% during mid-day trading on Monday, 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 announced its 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. On average, analysts predict that Iesi-Bfc Ltd will post $0.33 earnings per share next quarter.

A number of other firms have also recently commented on BIN. Analysts at BMO Capital Markets reiterated an “outperform” rating on shares of Iesi-Bfc Ltd in a research note to investors on Thursday, March 1st. They now have a $24.00 price target on the stock. Analysts at Northland Securities downgraded shares of Iesi-Bfc Ltd to a “market perform” rating in a research note to investors on Thursday, March 1st.

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.

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