In a report released on September 26, Stephanie Yee from J.P. Morgan maintained a Buy rating on GFL Environmental (GFL – Research Report), with a price target of $39.00. The company’s shares closed yesterday at $25.30.
Yee covers the Services sector, focusing on stocks such as Republic Services, GFL Environmental, and Montrose Environmental Group. According to TipRanks, Yee has an average return of 12.7% and a 57.14% success rate on recommended stocks.
Currently, the analyst consensus on GFL Environmental is a Strong Buy with an average price target of $36.27.
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Based on GFL Environmental’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.71 billion and a net profit of $64.3 million. In comparison, last year the company earned a revenue of $1.22 billion and had a net profit of $62.5 million
Based on the recent corporate insider activity of 12 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 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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