Brokerages Set GFL Environmental Inc. (NYSE:GFL) PT at $49.63

Shares of GFL Environmental Inc. (NYSE:GFL) have received an average rating of “Moderate Buy” from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $50.50.

Several equities analysts have issued reports on GFL shares. Stifel Nicolaus upgraded shares of GFL Environmental from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Royal Bank of Canada restated an “outperform” rating and issued a $53.00 target price on shares of GFL Environmental in a report on Monday, February 24th. Scotiabank boosted their target price on shares of GFL Environmental from $50.00 to $52.00 and gave the company a “sector outperform” rating in a research note on Wednesday, March 5th. Citigroup raised their price target on GFL Environmental from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Truist Financial upped their price objective on GFL Environmental from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday.

GFL Environmental Trading Up 1.2 %

NYSE:GFL opened at $48.34 on Friday. The stock has a market cap of $19.02 billion, a price-to-earnings ratio of -36.35 and a beta of 1.16. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. The company’s 50 day moving average price is $45.98 and its 200-day moving average price is $44.11. GFL Environmental has a 52 week low of $30.57 and a 52 week high of $49.35.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.98 billion. On average, equities research analysts forecast that GFL Environmental will post 0.58 earnings per share for the current fiscal year.

Institutional Trading of GFL Environmental

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cerity Partners LLC grew its stake in shares of GFL Environmental by 88.5% during the 3rd quarter. Cerity Partners LLC now owns 21,148 shares of the company’s stock valued at $843,000 after acquiring an additional 9,930 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of GFL Environmental by 0.4% in the third quarter. The Manufacturers Life Insurance Company now owns 621,387 shares of the company’s stock worth $24,804,000 after purchasing an additional 2,529 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of GFL Environmental by 2.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,293 shares of the company’s stock worth $1,769,000 after purchasing an additional 848 shares in the last quarter. PEAK6 Investments LLC bought a new stake in shares of GFL Environmental during the 3rd quarter valued at $2,473,000. Finally, Walleye Trading LLC purchased a new position in shares of GFL Environmental during the 3rd quarter valued at $606,000. 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.