PROGRESSIVE WASTE SOLUTIONS LTD (USA) REACHES 52-WEEK HIGH

The stock of Progressive Waste Solutions Ltd (USA) (NYSE:BIN) hit a new 52-week high and has $45.62 target or 35.00% above today’s $33.79 share price. The 9 months bullish chart indicates low risk for the $3.76 billion company. The 1-year high was reported on May, 21 by Barchart.com. If the $45.62 price target is reached, the company will be worth $1.32B more. The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.72% or $0.57 on May 20, hitting $33.79. About 466,849 shares traded hands. Progressive Waste Solutions Ltd (USA) (NYSE:BIN) has risen 22.47% since October 15, 2015 and is uptrending. It has outperformed by 21.07% the S&P500. Out of 12 analysts covering Progressive Waste Solutions (NYSE:BIN), 0 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means NaN are positive. $37 is the highest target while $31 is the lowest. The $33.02 average target is -9.74% below today’s ($33.79) stock price. Progressive Waste Solutions has been the topic of 19 analyst reports since August 4, 2015 according to StockzIntelligence Inc. KeyBanc Capital Markets downgraded the stock on April 15 to “Sector Weight” rating. According to Zacks Investment Research, “Progressive Waste Solutions Ltd., formerly known as IESI-BFC Ltd. is engaged in waste management and provides solid waste collection and landfill disposal services to commercial, industrial, municipal and residential customers. Progressive Waste Solutions Ltd. is based in Toronto, Ontario.”