Scotiabank analyst Michael Doumet maintained a Buy rating on GFL Environmental (GFL – Research Report) today and set a price target of C$58.00. The company’s shares opened today at $33.45.
Doumet covers the Industrials sector, focusing on stocks such as Ritchie Bros, Waste Connections, and Badger Infrastructure Solutions. According to TipRanks, Doumet has an average return of 14.1% and a 60.85% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for GFL Environmental with a $41.98 average price target, a 25.50% upside from current levels. In a report released today, Stifel Nicolaus also maintained a Buy rating on the stock with a C$60.00 price target.
Based on GFL Environmental’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.87 billion and a GAAP net loss of $110.9 million. In comparison, last year the company earned a revenue of $1.47 billion and had a GAAP net loss of $897.2 million
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GFL in relation to earlier this year.
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GFL Environmental (GFL) Company Description:
GFL Environmental Holdings Inc is an environmental services company. Its offerings include non-hazardous solid waste management, infrastructure, soil remediation, and liquid waste management services. Its solid waste management business line includes the collection, transportation, transfer, recycling and disposal of non-hazardous solid waste. Its infrastructure and soil remediation business line provide remediation of contaminated soils as well as complementary services, including civil, demolition, excavation and shoring services.
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