GFL Environmental (NYSE:GFL) Given New $48.00 Price Target at JPMorgan Chase & Co.

GFL Environmental (NYSE:GFL) had its target price lifted by JPMorgan Chase & Co. from $46.75 to $48.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

GFL has been the topic of a number of other research reports. Barclays began coverage on shares of GFL Environmental in a research note on Friday, September 19th. They set an “overweight” rating and a $62.00 price objective on the stock. Raymond James Financial set a $57.00 price target on shares of GFL Environmental and gave the stock an “outperform” rating in a research note on Monday, October 6th. Scotiabank set a $58.00 price objective on shares of GFL Environmental in a research report on Friday, October 10th. UBS Group raised their target price on GFL Environmental from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Finally, William Blair began coverage on GFL Environmental in a research note on Thursday, September 25th. They issued an “outperform” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $57.22.

GFL Environmental Trading Down 1.2%

NYSE:GFL opened at $41.85 on Wednesday. The business’s 50-day moving average is $43.90 and its two-hundred day moving average is $46.29. The firm has a market capitalization of $15.03 billion, a PE ratio of 6.56 and a beta of 0.88. GFL Environmental has a 12 month low of $40.83 and a 12 month high of $52.00. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.69 and a quick ratio of 0.69.

GFL Environmental (NYSE:GFL) last posted its earnings results on Wednesday, November 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.69 billion. GFL Environmental had a net margin of 50.99% and a return on equity of 3.06%. GFL Environmental’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 EPS. Research analysts predict that GFL Environmental will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Tuesday, January 13th will be given a dividend of $0.0154 per share. The ex-dividend date of this dividend is Tuesday, January 13th. This represents a $0.06 annualized dividend and a dividend yield of 0.1%. GFL Environmental’s dividend payout ratio (DPR) is presently 0.94%.

Institutional Trading of GFL Environmental

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Berbice Capital Management LLC bought a new position in GFL Environmental during the 2nd quarter worth approximately $25,000. Sunbelt Securities Inc. acquired a new stake in shares of GFL Environmental during the 3rd quarter valued at approximately $33,000. EverSource Wealth Advisors LLC raised 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 valued at $37,000 after acquiring an additional 219 shares in the last quarter. Compass Financial Services Inc lifted its stake in GFL Environmental by 63.0% during the second quarter. Compass Financial Services Inc now owns 820 shares of the company’s stock worth $41,000 after purchasing an additional 317 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in GFL Environmental by 45.2% in the third quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company’s stock worth $46,000 after purchasing an additional 304 shares during the period. 64.70% of the stock is owned by 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.