Barclays Begins Coverage on GFL Environmental (NYSE:GFL)

Analysts at Barclays started coverage on shares of GFL Environmental (NYSE:GFL) in a note issued to investors on Friday, Marketbeat.com reports. The brokerage set an “overweight” rating and a $62.00 price target on the stock. Barclays‘s target price points to a potential upside of 33.48% from the stock’s previous close.

Other analysts also recently issued reports about the company. Truist Financial increased their price objective on GFL Environmental from $58.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 1st. Citigroup increased their price objective on GFL Environmental from $58.00 to $61.00 and gave the company a “buy” rating in a report on Wednesday. Scotiabank upped their price target on shares of GFL Environmental from $56.00 to $60.00 and gave the company a “sector outperform” rating in a research report on Friday, August 1st. Royal Bank Of Canada upped their price target on shares of GFL Environmental from $56.00 to $59.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. assumed coverage on shares of GFL Environmental in a research report on Friday, May 23rd. They set a “neutral” rating and a $54.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $58.75.

GFL Environmental Stock Performance

NYSE GFL opened at $46.45 on Friday. The company has a market capitalization of $16.88 billion, a price-to-earnings ratio of 7.31 and a beta of 1.11. GFL Environmental has a twelve month low of $38.78 and a twelve month high of $52.00. The stock has a fifty day simple moving average of $48.80 and a 200 day simple moving average of $48.66. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.89.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.68 billion. GFL Environmental had a return on equity of 3.71% and a net margin of 48.53%.GFL Environmental’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 earnings per share. GFL Environmental has set its FY 2025 guidance at EPS. Sell-side analysts expect that GFL Environmental will post 0.58 EPS for the current year.

Hedge Funds Weigh In On GFL Environmental

Institutional investors and hedge funds have recently made changes to their positions in the stock. Berbice Capital Management LLC bought a new position in shares of GFL Environmental during the 2nd quarter worth about $25,000. Millstone Evans Group LLC boosted its position in shares of GFL Environmental by 147.8% during the 1st quarter. Millstone Evans Group LLC now owns 560 shares of the company’s stock worth $27,000 after purchasing an additional 334 shares in the last quarter. Bessemer Group Inc. bought a new position in shares of GFL Environmental during the 1st quarter worth about $28,000. LRI Investments LLC bought a new position in shares of GFL Environmental during the 1st quarter worth about $34,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of 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 purchasing an additional 219 shares in the last quarter. Institutional investors own 64.70% of the company’s stock.

GFL Environmental Company Profile

GFL Environmental Inc offers non-hazardous solid waste management and environmental services in Canada and the United States. It offers solid waste management, liquid waste management, and soil remediation services, including collection, transportation, transfer, recycling, and disposal services for municipal, residential, and commercial, and industrial customers.