GFL Environmental (NYSE:GFL) Price Target Raised to $42.00

by · The Markets Daily

GFL Environmental (NYSE:GFL – Free Report) had its target price raised by JPMorgan Chase & Co. from $41.00 to $42.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has an underweight rating on the stock.

A number of other equities research analysts have also weighed in on the company. Weiss Ratings upgraded GFL Environmental from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 26th. BMO Capital Markets restated a “market perform” rating on shares of GFL Environmental in a report on Thursday, October 15th. Scotiabank decreased their price objective on shares of GFL Environmental from $57.00 to $55.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 15th. TD Cowen reiterated a “buy” rating and issued a $65.00 target price on shares of GFL Environmental in a research note on Friday, September 11th. Finally, Barclays initiated coverage on shares of GFL Environmental in a research report on Wednesday, September 2nd. They set an “overweight” rating and a $58.00 target price on the stock. Nine research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, GFL Environmental has an average rating of “Moderate Buy” and a consensus price target of $57.56.

Check Out Our Latest Stock Analysis on GFL

GFL Environmental Stock Up 3.1%

Shares of GFL stock opened at $45.49 on Wednesday. GFL Environmental has a 1-year low of $33.33 and a 1-year high of $46.76. The stock’s fifty day moving average price is $42.40 and its 200 day moving average price is $39.82. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market cap of $16.42 billion, a price-to-earnings ratio of 70.06, a price-to-earnings-growth ratio of 3.41 and a beta of 0.72.

GFL Environmental (NYSE:GFL – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.03). GFL Environmental had a negative net margin of 3.28% and a positive return on equity of 4.14%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the company earned $0.26 earnings per share. The company’s quarterly revenue was up 16.3% on a year-over-year basis. On average, research analysts expect that GFL Environmental will post 0.55 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 14th will be paid a $0.0169 dividend. The ex-dividend date is Wednesday, October 14th. This represents a $0.07 dividend on an annualized basis and a yield of 0.1%. GFL Environmental’s dividend payout ratio (DPR) is -13.21%.

Institutional Trading of GFL Environmental

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GFL. Integrated Wealth Concepts LLC acquired a new stake in shares of GFL Environmental in the second quarter worth $31,000. Whipplewood Advisors LLC purchased a new stake in shares of GFL Environmental in the first quarter valued at approximately $32,000. GAMMA Investing LLC raised its stake in shares of GFL Environmental by 853.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,030 shares of the company’s stock worth $43,000 after buying an additional 922 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of GFL Environmental by 36.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,335 shares of the company’s stock worth $56,000 after buying an additional 360 shares during the period. Finally, Parallel Advisors LLC lifted its position in shares of GFL Environmental by 256.9% during the 1st quarter. Parallel Advisors LLC now owns 1,542 shares of the company’s stock valued at $64,000 after buying an additional 1,110 shares in the last quarter. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Company Profile

(Get Free Report)

GFL Environmental Inc is a Canadian environmental services company that provides waste management and related infrastructure services to municipal, residential, commercial, industrial and institutional customers. The company’s operations include the collection, transfer, processing, recycling and disposal of non-hazardous solid waste, as well as organics and other resource-recovery services.

GFL also provides infrastructure and soil remediation services, including the management of contaminated materials and related environmental projects.

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