GFL Environmental’s (GFL) Outperform Rating Reaffirmed at Wolfe Research

GFL Environmental (NYSE:GFL)‘s stock had its “outperform” rating reaffirmed by investment analysts at Wolfe Research in a research report issued on Tuesday, Benzinga reports. They presently have a $77.00 price target on the stock. Wolfe Research’s price objective suggests a potential upside of 80.65% from the stock’s current price.

Several other research firms have also recently weighed in on GFL. Barclays assumed coverage on GFL Environmental in a report on Wednesday, September 2nd. They issued an “overweight” rating and a $58.00 price objective for the company. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of GFL Environmental in a report on Monday, August 31st. Citigroup set a $51.00 price target on GFL Environmental and gave the stock a “buy” rating in a research note on Monday, July 6th. TD Cowen reiterated a “buy” rating and issued a $65.00 price target on shares of GFL Environmental in a report on Friday. Finally, Zacks Research downgraded shares of GFL Environmental from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. Twelve investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.60.

GFL Environmental Stock Performance

Shares of NYSE:GFL opened at $42.62 on Tuesday. The company has a market cap of $15.38 billion, a price-to-earnings ratio of -80.42, a price-to-earnings-growth ratio of 2.78 and a beta of 0.68. The company has a 50-day moving average price of $41.05 and a 200-day moving average price of $39.81. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.34. GFL Environmental has a 12 month low of $33.33 and a 12 month high of $48.07.

GFL Environmental (NYSE:GFL) last posted 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 positive return on equity of 4.14% and a negative net margin of 3.28%.The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the business earned $0.26 earnings per share. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. As a group, equities analysts anticipate that GFL Environmental will post 0.65 EPS for the current year.

Institutional Investors Weigh In On GFL Environmental

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC raised its holdings in GFL Environmental by 15.6% in the second quarter. Tidal Investments LLC now owns 27,465 shares of the company’s stock worth $1,010,000 after purchasing an additional 3,707 shares in the last quarter. C WorldWide Group Holding A S boosted its holdings in shares of GFL Environmental by 16.2% during the 2nd quarter. C WorldWide Group Holding A S now owns 34,410 shares of the company’s stock valued at $1,266,000 after buying an additional 4,795 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of GFL Environmental in the 2nd quarter worth about $31,000. Maven Securities LTD grew its position in shares of GFL Environmental by 18.7% in the 2nd quarter. Maven Securities LTD now owns 143,198 shares of the company’s stock worth $5,268,000 after buying an additional 22,551 shares during the period. Finally, Nykredit A S bought a new position in shares of GFL Environmental in the 2nd quarter worth about $738,000. 64.70% of the stock is owned by hedge funds and other institutional investors.

GFL Environmental Company Profile

GFL Environmental Inc is an environmental services company that provides waste management and infrastructure services to residential, commercial, industrial, municipal and institutional customers. Its operations include the collection, transfer, processing, recycling and disposal of solid waste, as well as the management of organic materials and other waste streams.

The company also provides environmental and infrastructure-related services, including soil remediation, dewatering, excavation, demolition and other site services.