William Blair Begins Coverage on GFL Environmental (NYSE:GFL)

Key Points

• William Blair has initiated coverage on GFL Environmental (NYSE:GFL), setting an "outperform" rating for the stock.
• Several analysts have raised their price targets, with Scotiabank increasing it to $60.00 and Citigroup to $61.00, contributing to a consensus target price of $58.75.
• GFL Environmental reported a quarterly revenue of $1.23 billion, a slight increase from the prior year, but below analysts' expectations of $1.68 billion.

Analysts at William Blair began coverage on shares of GFL Environmental (NYSE:GFL - Get Free Report) in a research report issued on Thursday,Benzinga reports. The brokerage set an "outperform" rating on the stock.

Other analysts have also issued research reports about the company. Scotiabank upped their price objective on GFL Environmental from $56.00 to $60.00 and gave the stock a "sector outperform" rating in a research report on Friday, August 1st. Citigroup upped their price objective on GFL Environmental from $58.00 to $61.00 and gave the stock a "buy" rating in a research report on Wednesday, September 17th. Barclays started coverage on GFL Environmental in a research report on Friday, September 19th. They set an "overweight" rating and a $62.00 price objective on the stock. Truist Financial upped their price objective on GFL Environmental from $58.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Royal Bank Of Canada raised their price target on GFL Environmental from $56.00 to $59.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $58.75.

GFL Environmental Stock Up 1.0%

NYSE:GFL opened at $46.49 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.89. The stock's fifty day moving average is $48.71 and its two-hundred day moving average is $48.63. GFL Environmental has a 52 week low of $38.78 and a 52 week high of $52.00. The stock has a market capitalization of $16.89 billion, a price-to-earnings ratio of 7.32 and a beta of 1.11.

GFL Environmental (NYSE:GFL - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.19 EPS for the quarter, hitting analysts' consensus estimates of $0.19. GFL Environmental had a return on equity of 3.71% and a net margin of 48.53%.The company had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.68 billion. During the same period in the prior year, the firm earned $0.29 earnings per share. The firm's revenue was up 5.9% compared to the same quarter last year. GFL Environmental has set its FY 2025 guidance at EPS. Research analysts anticipate that GFL Environmental will post 0.58 EPS for the current year.

Hedge Funds Weigh In On GFL Environmental

Hedge funds have recently made changes to their positions in the company. Berbice Capital Management LLC purchased a new position in shares of GFL Environmental during the second quarter worth about $25,000. Millstone Evans Group LLC grew its holdings in shares of GFL Environmental by 147.8% during the first 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. purchased a new position in shares of GFL Environmental during the first quarter worth about $28,000. LRI Investments LLC purchased a new position in shares of GFL Environmental during the first quarter worth about $34,000. Finally, EverSource Wealth Advisors LLC grew its holdings 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 worth $37,000 after buying an additional 219 shares during the last quarter. Hedge funds and other institutional investors own 64.70% of the company's stock.

GFL Environmental Company Profile

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.

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