Stifel Nicolaus analyst Ian Gillies maintained a Buy rating on SECURE Waste Infrastructure yesterday and set a price target of C$17.50.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Ian Gillies has given his Buy rating due to a combination of factors that highlight SECURE Waste Infrastructure’s strong financial performance and potential for growth. The company’s second-quarter results for 2025 were in line with expectations, with revenue and adjusted EBITDA slightly surpassing forecasts. This consistent performance has reinforced confidence in the company’s ability to meet its 2025 EBITDA guidance, despite some uncertainties regarding the distribution of earnings in the latter half of the year.
Furthermore, SECURE’s strategic initiatives, such as share repurchases, have contributed to shareholder value, with a significant portion of outstanding shares being bought back. The company’s balance sheet flexibility, with a low net debt to EBITDA ratio, provides opportunities for further capital allocation strategies. Additionally, the potential for EPS growth and multiple expansion in the future supports the positive outlook, making the stock an attractive investment opportunity.
In another report released today, Raymond James also reiterated a Buy rating on the stock with a C$17.75 price target.
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.