GFL Environmental (NYSE:GFL) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

GFL Environmental (NYSE:GFL) had its target price raised by stock analysts at JPMorgan Chase & Co. from $40.00 to $41.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 3.94% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on GFL. Zacks Research cut GFL Environmental from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Citigroup set a $51.00 price objective on shares of GFL Environmental and gave the company a “buy” rating in a report on Monday, July 6th. Scotiabank decreased their target price on shares of GFL Environmental from $56.00 to $52.00 and set a “sector outperform” rating on the stock in a research report on Monday, May 4th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of GFL Environmental in a research note on Wednesday, May 13th. Finally, Weiss Ratings cut shares of GFL Environmental from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday. Twelve research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $54.89.

GFL Environmental Stock Performance

NYSE:GFL opened at $39.45 on Thursday. The company’s 50-day moving average is $36.78 and its two-hundred day moving average is $40.30. GFL Environmental has a 1-year low of $33.33 and a 1-year high of $51.51. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market capitalization of $14.15 billion, a price-to-earnings ratio of 123.27, a PEG ratio of 2.98 and a beta of 0.70.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. GFL Environmental had a net margin of 3.09% and a return on equity of 4.53%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.09) EPS. Analysts forecast that GFL Environmental will post 0.56 EPS for the current year.

Institutional Trading of GFL Environmental

Institutional investors and hedge funds have recently bought and sold shares of the business. Aster Capital Management DIFC Ltd purchased a new position in shares of GFL Environmental in the fourth quarter valued at approximately $25,000. Whipplewood Advisors LLC purchased a new stake in GFL Environmental during the 1st quarter worth approximately $32,000. Sunbelt Securities Inc. purchased a new stake in GFL Environmental during the 3rd quarter worth approximately $33,000. EverSource Wealth Advisors LLC lifted its holdings in GFL Environmental by 43.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock worth $37,000 after buying an additional 219 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in GFL Environmental by 45.2% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company’s stock worth $46,000 after buying an additional 304 shares in the last quarter. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

About GFL Environmental

GFL Environmental Inc is a leading North American provider of diversified environmental services, offering comprehensive solutions across solid waste management, liquid waste management, soil remediation and infrastructure services. The company’s core business activities include residential, commercial and industrial waste collection, recycling, composting and landfill management. In addition to traditional waste services, GFL provides specialized liquid waste hauling, treatment and disposal services as well as environmental consulting to support industrial and municipal clients in meeting regulatory and sustainability goals.

Founded in 2007 by entrepreneur Patrick Dovigi, GFL Environmental has pursued an aggressive growth strategy driven by strategic acquisitions and organic expansion.