GFL Environmental (NYSE:GFL) Price Target Lowered to $46.75 at JPMorgan Chase & Co.

GFL Environmental (NYSE:GFL) had its price objective lowered by JPMorgan Chase & Co. from $54.00 to $46.75 in a report released on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other research firms also recently commented on GFL. Stifel Nicolaus began coverage on shares of GFL Environmental in a report on Tuesday, September 30th. They issued a “buy” rating on the stock. UBS Group cut their price target on shares of GFL Environmental from $63.00 to $58.00 and set a “buy” rating on the stock in a report on Thursday, October 16th. Citigroup lifted their target price on shares of GFL Environmental from $58.00 to $61.00 and gave the company a “buy” rating in a research note on Wednesday, September 17th. Scotiabank set a $58.00 target price on shares of GFL Environmental in a research report on Friday, October 10th. Finally, Barclays started coverage on shares of GFL Environmental in a report on Friday, September 19th. They set an “overweight” rating and a $62.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $57.72.

GFL Environmental Price Performance

GFL traded down $0.90 during trading on Friday, reaching $42.97. The stock had a trading volume of 2,665,515 shares, compared to its average volume of 1,368,878. The stock has a 50 day moving average of $46.09 and a two-hundred day moving average of $48.22. The company has a quick ratio of 0.67, a current ratio of 0.69 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $15.61 billion, a price-to-earnings ratio of 6.73 and a beta of 1.14. GFL Environmental has a 1-year low of $41.29 and a 1-year high of $52.00.

GFL Environmental (NYSE:GFL) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02). The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.69 billion. GFL Environmental had a net margin of 50.99% and a return on equity of 3.06%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 earnings per share. GFL Environmental has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that GFL Environmental will post 0.58 EPS for the current fiscal year.

GFL Environmental Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th were paid a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Wednesday, October 15th. GFL Environmental’s dividend payout ratio is currently 0.94%.

Hedge Funds Weigh In On GFL Environmental

A number of institutional investors have recently bought and sold shares of GFL. Bornite Capital Management LP grew its stake in shares of GFL Environmental by 3.0% in the third quarter. Bornite Capital Management LP now owns 742,400 shares of the company’s stock valued at $35,175,000 after acquiring an additional 21,900 shares in the last quarter. Vanguard Group Inc. raised its stake in GFL Environmental by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 11,059,655 shares of the company’s stock worth $524,170,000 after purchasing an additional 166,175 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in GFL Environmental by 35.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,344,569 shares of the company’s stock valued at $63,706,000 after purchasing an additional 349,720 shares during the period. TimesSquare Capital Management LLC grew its position in shares of GFL Environmental by 5.7% during the 3rd quarter. TimesSquare Capital Management LLC now owns 1,087,968 shares of the company’s stock worth $51,548,000 after purchasing an additional 58,872 shares in the last quarter. Finally, Metis Global Partners LLC grew its position in shares of GFL Environmental by 27.6% during the 3rd quarter. Metis Global Partners LLC now owns 6,372 shares of the company’s stock worth $302,000 after purchasing an additional 1,380 shares in the last quarter. Institutional investors and hedge funds 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.