JPMorgan Chase & Co. Initiates Coverage on GFL Environmental (NYSE:GFL)

Equities researchers at JPMorgan Chase & Co. began coverage on shares of GFL Environmental (NYSE:GFL - Get Free Report) in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The firm set a "neutral" rating and a $54.00 price target on the stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 8.31% from the company's current price.

Other analysts have also issued research reports about the company. UBS Group upped their target price on GFL Environmental from $50.00 to $57.00 and gave the stock a "buy" rating in a report on Friday, April 4th. Truist Financial boosted their price target on GFL Environmental from $54.00 to $58.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. Stifel Nicolaus raised GFL Environmental from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Royal Bank of Canada boosted their target price on shares of GFL Environmental from $53.00 to $56.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Finally, Citigroup upped their price target on shares of GFL Environmental from $53.00 to $56.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $54.50.

GFL Environmental Stock Up 0.5%

NYSE GFL traded up $0.24 during trading on Friday, hitting $49.86. The stock had a trading volume of 175,624 shares, compared to its average volume of 1,515,170. GFL Environmental has a 12 month low of $30.57 and a 12 month high of $52.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. The company's 50-day moving average price is $48.47 and its two-hundred day moving average price is $46.27. The company has a market capitalization of $18.28 billion, a PE ratio of -37.48 and a beta of 1.08.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.10). GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.52 billion. GFL Environmental's revenue was down 13.4% compared to the same quarter last year. As a group, sell-side analysts forecast that GFL Environmental will post 0.58 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GFL. Blue Trust Inc. lifted its position in GFL Environmental by 124.9% during the fourth quarter. Blue Trust Inc. now owns 551 shares of the company's stock worth $25,000 after acquiring an additional 306 shares during the last quarter. Berbice Capital Management LLC bought a new position in shares of GFL Environmental during the fourth quarter worth approximately $27,000. Millstone Evans Group LLC lifted its holdings in GFL Environmental by 147.8% during the 1st quarter. Millstone Evans Group LLC now owns 560 shares of the company's stock worth $27,000 after purchasing an additional 334 shares during the last quarter. Bessemer Group Inc. bought a new stake in GFL Environmental in the 1st quarter valued at $28,000. Finally, LRI Investments LLC bought a new stake in GFL Environmental in the 1st quarter valued at $34,000. Institutional investors and hedge funds own 64.70% of the company's stock.

About GFL Environmental

GFL Environmental Inc offers non-hazardous solid waste management and environmental services in Canada and the United States. It offers solid waste management, liquid waste management, and soil remediation services, including collection, transportation, transfer, recycling, and disposal services for municipal, residential, and commercial, and industrial customers.