Canaccord Genuity Maintains a 'Buy' on IESI-BFC, Ltd. (BIN); Q1 Peview; Steady Growth and Solid Profitability Expected
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Price: $31.61 --0%
Rating Summary:
6 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
6 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Canaccord Genuity maintains a 'Buy' on IESI-BFC, Ltd. (NYSE: BIN), lowers PT to $28.75.
Canaccord analyst says, "We expect BIN’s Q1/11 results, which will be released on Thursday, April 28 after the market close, to be a continuation of these themes. We expect to see: 1) Good organic growth particularly from FX in the Canadian segment from the strong Canadian dollar and a boost in recycling from higher commodity prices in the quarter. 2) Upside from acquisitions the company may have executed on some smaller bolt-on acquisitions quarter. 3) Solid margin performance, particularly in the US segments as we believe management’s focus has been on increasing their profitability."
"...We have reduced the multiple from a premium level to a more normal level as we expect the recovery phase of the waste management industry to largely be complete in our valuation period."
For more ratings news on IESI-BFC, Ltd. click here and for the rating history of IESI-BFC, Ltd. click here.
Shares of IESI-BFC, Ltd. closed at $25.85 yesterday.
Canaccord analyst says, "We expect BIN’s Q1/11 results, which will be released on Thursday, April 28 after the market close, to be a continuation of these themes. We expect to see: 1) Good organic growth particularly from FX in the Canadian segment from the strong Canadian dollar and a boost in recycling from higher commodity prices in the quarter. 2) Upside from acquisitions the company may have executed on some smaller bolt-on acquisitions quarter. 3) Solid margin performance, particularly in the US segments as we believe management’s focus has been on increasing their profitability."
"...We have reduced the multiple from a premium level to a more normal level as we expect the recovery phase of the waste management industry to largely be complete in our valuation period."
For more ratings news on IESI-BFC, Ltd. click here and for the rating history of IESI-BFC, Ltd. click here.
Shares of IESI-BFC, Ltd. closed at $25.85 yesterday.
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