Barclays began coverage on shares of GFL Environmental (NYSE:GFL – Free Report) in a research report sent to investors on Wednesday morning, Marketbeat reports. The firm issued an overweight rating and a $58.00 target price on the stock.
A number of other research analysts have also recently commented on GFL. Citigroup set a $51.00 target price on shares of GFL Environmental and gave the stock a “buy” rating in a report on Monday, July 6th. JPMorgan Chase & Co. lifted their price target on shares of GFL Environmental from $40.00 to $41.00 and gave the company an “underweight” rating in a report on Thursday, July 16th. Scotiabank reissued an “outperform” rating on shares of GFL Environmental in a research note on Wednesday. Zacks Research lowered shares of 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 reaffirmed an “outperform” rating on shares of GFL Environmental in a research note on Monday. Eleven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $54.25.
Check Out Our Latest Analysis on GFL Environmental
GFL Environmental Price Performance
GFL Environmental (NYSE:GFL – Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.33 billion. GFL Environmental had a positive return on equity of 4.14% and a negative net margin of 3.28%.GFL Environmental’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.26 earnings per share. On average, sell-side analysts expect that GFL Environmental will post 0.65 earnings per share for the current fiscal year.
GFL Environmental Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Monday, July 13th were issued a dividend of $0.0169 per share. This represents a $0.07 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Monday, July 13th. GFL Environmental’s payout ratio is -13.21%.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd bought a new stake in GFL Environmental during the 4th quarter worth approximately $25,000. Whipplewood Advisors LLC acquired a new position in GFL Environmental in the 1st quarter valued at approximately $32,000. Sunbelt Securities Inc. bought a new position in shares of GFL Environmental during the third quarter valued at $33,000. EverSource Wealth Advisors LLC raised its stake 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 valued at $37,000 after acquiring an additional 219 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of GFL Environmental by 45.2% during 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. Institutional investors own 64.70% of the company’s stock.
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.
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