GFL Environmental (NYSE:GFL) Now Covered by Wolfe Research

Stock analysts at Wolfe Research initiated coverage on shares of GFL Environmental (NYSE:GFL) in a report issued on Friday, Marketbeat.com reports. The firm set an “outperform” rating on the stock.

Several other analysts also recently issued reports on GFL. Scotiabank decreased their price objective on shares of GFL Environmental from $57.00 to $56.00 and set a “sector outperform” rating for the company in a report on Thursday, February 12th. 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. JPMorgan Chase & Co. upped their price target on shares of GFL Environmental from $46.75 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. The Goldman Sachs Group started coverage on GFL Environmental in a research report on Monday, November 24th. They issued a “neutral” rating and a $50.00 price target on the stock. Finally, Barclays lifted their price objective on GFL Environmental from $62.00 to $63.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $56.67.

GFL Environmental Stock Performance

GFL Environmental stock traded up $0.03 during trading hours on Friday, reaching $43.26. 152,922 shares of the company were exchanged, compared to its average volume of 1,553,488. The firm has a market cap of $15.48 billion, a price-to-earnings ratio of 6.36, a PEG ratio of 3.38 and a beta of 0.86. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.05. The stock has a 50-day moving average of $43.24 and a 200 day moving average of $44.73. GFL Environmental has a 12 month low of $40.83 and a 12 month high of $52.00.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.26 EPS 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 company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the company posted ($0.58) earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, research analysts anticipate that GFL Environmental will post 0.58 earnings per share for the current year.

Institutional Trading of GFL Environmental

A number of hedge funds have recently bought and sold shares of GFL. Jones Financial Companies Lllp grew its position in GFL Environmental by 684.5% in the 1st quarter. Jones Financial Companies Lllp now owns 2,573 shares of the company’s stock worth $124,000 after purchasing an additional 2,245 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of GFL Environmental by 94.1% during the first quarter. Goldman Sachs Group Inc. now owns 714,438 shares of the company’s stock valued at $34,514,000 after buying an additional 346,394 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of GFL Environmental by 3.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 458,936 shares of the company’s stock valued at $22,171,000 after buying an additional 14,252 shares during the period. Geode Capital Management LLC lifted its stake in shares of GFL Environmental by 11.1% in the second quarter. Geode Capital Management LLC now owns 1,592,253 shares of the company’s stock valued at $79,783,000 after buying an additional 158,667 shares during the period. Finally, Compass Financial Services Inc grew its position 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 buying an additional 317 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.