GFL Environmental (NYSE:GFL – Get Free Report)‘s stock had its “buy” rating reaffirmed by equities researchers at TD Cowen in a report issued on Friday, Benzinga reports. They presently have a $65.00 target price on the stock. TD Cowen’s price target indicates a potential upside of 56.63% from the stock’s previous close.
A number of other equities analysts have also weighed in on the company. Citigroup set a $51.00 target price on GFL Environmental and gave the stock a “buy” rating in a research report on Monday, July 6th. Weiss Ratings raised shares of GFL Environmental from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 26th. Barclays began coverage on shares of GFL Environmental in a research note on Wednesday, September 2nd. They set an “overweight” rating and a $58.00 price target for the company. Scotiabank restated an “outperform” rating on shares of GFL Environmental in a report on Wednesday, September 2nd. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of GFL Environmental in a research note on Monday, August 31st. Twelve investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $55.44.
Get Our Latest Analysis on GFL
GFL Environmental Stock Down 0.3%
GFL Environmental (NYSE:GFL – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). GFL Environmental had a positive return on equity of 4.14% and a negative net margin of 3.28%.The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the company posted $0.26 earnings per share. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. As a group, equities analysts expect that GFL Environmental will post 0.65 EPS for the current fiscal year.
Hedge Funds Weigh In On GFL Environmental
Several large investors have recently bought and sold shares of GFL. EverSource Wealth Advisors LLC boosted its position in GFL Environmental by 43.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock valued at $37,000 after buying an additional 219 shares during the period. Advisory Services Network LLC grew 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 acquiring an additional 256 shares in the last quarter. Tobam increased its position in shares of GFL Environmental by 10.5% during the fourth quarter. Tobam now owns 3,079 shares of the company’s stock worth $132,000 after acquiring an additional 293 shares during the period. Caitong International Asset Management Co. Ltd increased its position 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 acquiring an additional 304 shares during the period. Finally, Engineers Gate Manager LP raised its holdings in shares of GFL Environmental by 6.8% in the second quarter. Engineers Gate Manager LP now owns 5,187 shares of the company’s stock valued at $262,000 after acquiring an additional 331 shares in the last quarter. 64.70% of the stock is currently owned by institutional investors.
About GFL Environmental
GFL Environmental Inc is an environmental services company that provides waste management and infrastructure services to residential, commercial, industrial, municipal and institutional customers. Its operations include the collection, transfer, processing, recycling and disposal of solid waste, as well as the management of organic materials and other waste streams.
The company also provides environmental and infrastructure-related services, including soil remediation, dewatering, excavation, demolition and other site services.
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