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

Wolfe Research started coverage on shares of GFL Environmental (NYSE:GFL) in a research report issued on Friday, Marketbeat Ratings reports. The firm set an “outperform” rating on the stock.

Other research analysts have also issued research reports about the stock. Wells Fargo & Company started coverage on shares of GFL Environmental in a report on Thursday, November 13th. They issued an “overweight” rating on the stock. JPMorgan Chase & Co. boosted their price objective on shares of GFL Environmental from $46.75 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Weiss Ratings lowered shares of GFL Environmental from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, February 9th. Royal Bank Of Canada raised their target price on shares of GFL Environmental from $59.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Finally, Barclays lifted their target price on shares of GFL Environmental from $62.00 to $63.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $56.67.

GFL Environmental Stock Performance

Shares of NYSE:GFL opened at $42.99 on Friday. The firm has a market capitalization of $15.39 billion, a PE ratio of 6.32, a P/E/G ratio of 3.35 and a beta of 0.86. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.58 and a quick ratio of 0.58. The business has a 50-day moving average of $43.24 and a two-hundred day moving average of $44.65. GFL Environmental has a 12 month low of $40.83 and a 12 month high of $52.00.

GFL Environmental (NYSE:GFL) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.12. GFL Environmental had a return on equity of 3.66% and a net margin of 56.61%.The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the company posted ($0.58) EPS. The company’s revenue was up 7.3% compared to the same quarter last year. As a group, research analysts forecast that GFL Environmental will post 0.58 earnings per share for the current year.

Institutional Trading of GFL Environmental

Large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in shares of GFL Environmental by 43.1% during the second 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. Advisory Services Network LLC boosted its stake in shares of GFL Environmental by 4.1% in the third quarter. Advisory Services Network LLC now owns 6,537 shares of the company’s stock valued at $310,000 after purchasing an additional 256 shares during the period. AGP Franklin LLC grew its holdings in GFL Environmental by 3.7% during the 2nd quarter. AGP Franklin LLC now owns 7,427 shares of the company’s stock valued at $375,000 after purchasing an additional 262 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in GFL Environmental by 21.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,606 shares of the company’s stock valued at $75,000 after purchasing an additional 289 shares in the last quarter. Finally, Tobam increased its stake in GFL Environmental by 10.5% during the 4th quarter. Tobam now owns 3,079 shares of the company’s stock worth $132,000 after buying an additional 293 shares during the period. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Company Profile

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.