SECURE Waste Infrastructure, the Industrials sector company, was revisited by a Wall Street analyst today. Analyst John Gibson CFA from BMO Capital downgraded the rating on the stock to a Hold and gave it a C$18.00 price target.
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John Gibson CFA’s rating is based on several factors influencing SECURE Waste Infrastructure’s current market position. The company’s recent financial results were in line with expectations, with new facilities and higher pricing balancing out some seasonal and market volatility. However, despite reaffirming its 2025 guidance, there remains a cautious outlook due to uncertainties in steel pricing and potential weaknesses in oil prices.
Additionally, while the company has demonstrated strong shareholder returns through significant share buybacks, the valuation of its stock has now reached a level that aligns with the target range set by the analyst. This, combined with expectations of moderated financial growth into 2026, has led to the decision to downgrade the stock from an Outperform to a Hold rating. The target price remains at $18, reflecting the current valuation metrics.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SES in relation to earlier this year.