GFL Environmental (NYSE:GFL) Given New $41.00 Price Target at JPMorgan Chase & Co.

GFL Environmental (NYSE:GFL) had its price target upped by JPMorgan Chase & Co. from $40.00 to $41.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an underweight rating on the stock.

A number of other equities research analysts have also recently commented on GFL. Weiss Ratings cut shares of GFL Environmental from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday. Citigroup set a $51.00 price objective on GFL Environmental and gave the company a “buy” rating in a report on Monday, July 6th. Scotiabank decreased their target price on GFL Environmental from $56.00 to $52.00 and set a “sector outperform” rating for the company in a research report on Monday, May 4th. Zacks Research cut GFL Environmental from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of GFL Environmental in a research note on Wednesday, May 13th. Twelve investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $54.89.

GFL Environmental Price Performance

GFL opened at $39.63 on Thursday. GFL Environmental has a fifty-two week low of $33.33 and a fifty-two week high of $51.51. The firm has a 50-day moving average of $36.72 and a 200 day moving average of $40.31. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.51 and a current ratio of 1.51. The firm has a market cap of $14.22 billion, a P/E ratio of 123.86, a PEG ratio of 2.93 and a beta of 0.70.

GFL Environmental (NYSE:GFL) last released its earnings results on Wednesday, April 29th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. GFL Environmental had a net margin of 3.09% and a return on equity of 4.53%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the company earned ($0.09) earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. On average, research analysts expect that GFL Environmental will post 0.56 EPS for the current year.

GFL Environmental Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 13th will be paid a $0.0169 dividend. This represents a $0.07 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Monday, July 13th. GFL Environmental’s payout ratio is currently 21.88%.

Hedge Funds Weigh In On GFL Environmental

Large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its stake 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 purchasing an additional 219 shares during the period. Advisory Services Network LLC boosted its stake in GFL Environmental by 4.1% in the 3rd quarter. Advisory Services Network LLC now owns 6,537 shares of the company’s stock worth $310,000 after purchasing an additional 256 shares during the period. Tobam boosted its stake in GFL Environmental by 10.5% in the 4th quarter. Tobam now owns 3,079 shares of the company’s stock worth $132,000 after purchasing an additional 293 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in GFL Environmental by 45.2% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company’s stock valued at $46,000 after buying an additional 304 shares in the last quarter. Finally, Engineers Gate Manager LP grew its holdings in GFL Environmental by 6.8% during the 2nd quarter. Engineers Gate Manager LP now owns 5,187 shares of the company’s stock valued at $262,000 after buying an additional 331 shares in the last quarter. 64.70% of the stock is owned by institutional investors.

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.