GFL Environmental (NYSE:GFL) Research Coverage Started at Wolfe Research

Wolfe Research initiated coverage on shares of GFL Environmental (NYSE:GFL) in a report released on Tuesday morning, MarketBeat reports. The brokerage issued an outperform rating and a $77.00 target price on the stock.

Several other brokerages have also recently issued reports on GFL. Scotiabank reissued an “outperform” rating on shares of GFL Environmental in a report on Wednesday, September 2nd. Zacks Research lowered shares of GFL Environmental from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. Barclays began coverage on GFL Environmental in a research report on Wednesday, September 2nd. They set an “overweight” rating and a $58.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on GFL Environmental from $40.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday, July 16th. Finally, Weiss Ratings raised GFL Environmental from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 26th. Twelve analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $57.60.

GFL Environmental Stock Up 5.2%

GFL Environmental stock opened at $43.20 on Tuesday. GFL Environmental has a 1-year low of $33.33 and a 1-year high of $48.07. The business has a fifty day moving average price of $41.13 and a 200-day moving average price of $39.78. 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 stock has a market capitalization of $15.59 billion, a price-to-earnings ratio of -81.52, a PEG ratio of 3.04 and a beta of 0.68.

GFL Environmental (NYSE:GFL) last released its earnings results on Wednesday, July 29th. The company reported $0.14 earnings per share 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 company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the firm posted $0.26 EPS. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. Equities research analysts forecast that GFL Environmental will post 0.57 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Monday, July 13th were given a $0.0169 dividend. The ex-dividend date was Monday, July 13th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.2%. GFL Environmental’s dividend payout ratio is -11.32%.

Institutional Investors Weigh In On GFL Environmental

A number of institutional investors have recently modified their holdings of the business. Tidal Investments LLC raised its holdings in GFL Environmental by 15.6% in the 2nd 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 during the period. C WorldWide Group Holding A S boosted its position in GFL Environmental by 16.2% during the second quarter. C WorldWide Group Holding A S now owns 34,410 shares of the company’s stock worth $1,266,000 after purchasing an additional 4,795 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in GFL Environmental in the second quarter valued at approximately $31,000. Maven Securities LTD grew its holdings in GFL Environmental by 18.7% in the second quarter. Maven Securities LTD now owns 143,198 shares of the company’s stock valued at $5,268,000 after purchasing an additional 22,551 shares during the period. Finally, Nykredit A S acquired a new stake in GFL Environmental in the second quarter valued at approximately $738,000. 64.70% of the stock is currently owned by institutional investors and hedge funds.

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.