GFL Environmental (NYSE:GFL) Rating Increased to Strong-Buy at Zacks Research

GFL Environmental (NYSE:GFL) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

GFL has been the subject of a number of other research reports. Scotiabank dropped their price target on shares of GFL Environmental from $57.00 to $56.00 and set a “sector outperform” rating for the company in a research note on Thursday, February 12th. Barclays lifted their price target on shares of GFL Environmental from $62.00 to $63.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Weiss Ratings lowered shares of GFL Environmental from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, February 9th. Royal Bank Of Canada lifted their price target on shares of GFL Environmental from $59.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Finally, Citigroup dropped their price target on shares of GFL Environmental from $55.00 to $51.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $55.44.

GFL Environmental Stock Up 0.3%

Shares of NYSE:GFL opened at $40.47 on Thursday. 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 company has a fifty day simple moving average of $42.25 and a 200 day simple moving average of $43.39. The firm has a market cap of $14.48 billion, a PE ratio of 5.95, a price-to-earnings-growth ratio of 3.56 and a beta of 0.84. GFL Environmental has a 12-month low of $36.96 and a 12-month high of $52.00.

GFL Environmental (NYSE:GFL) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.12. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.67 billion. GFL Environmental had a net margin of 56.61% and a return on equity of 3.66%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.58) earnings per share. On average, equities research analysts anticipate that GFL Environmental will post 0.55 EPS for the current fiscal year.

Institutional Trading of GFL Environmental

Institutional 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 fourth quarter valued at $25,000. Sunbelt Securities Inc. bought a new stake in GFL Environmental during the third quarter valued at $33,000. EverSource Wealth Advisors LLC increased its stake in 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 purchasing an additional 219 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in GFL Environmental by 45.2% during the third quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company’s stock valued at $46,000 after purchasing an additional 304 shares during the last quarter. Finally, Summit Securities Group LLC bought a new stake in GFL Environmental during the fourth quarter valued at $72,000. 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.