GFL Environmental (NYSE:GFL) Price Target Raised to $58.00

GFL Environmental (NYSE:GFL) had its price objective upped by stock analysts at Truist Financial from $54.00 to $58.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 20.86% from the stock’s current price.

Several other research firms also recently commented on GFL. Scotiabank lifted their price target on shares of GFL Environmental from $50.00 to $52.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, March 5th. National Bankshares reiterated an “outperform” rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Citigroup initiated coverage on shares of GFL Environmental in a research report on Monday, January 27th. They set a “buy” rating and a $53.00 price target for the company. Stifel Nicolaus raised GFL Environmental from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $53.00 target price on shares of GFL Environmental in a report on Monday, February 24th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.13.

GFL Environmental Price Performance

GFL stock traded up $0.22 during midday trading on Wednesday, reaching $47.99. The company had a trading volume of 378,461 shares, compared to its average volume of 1,379,400. The firm has a 50-day moving average price of $45.85 and a 200-day moving average price of $44.08. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market capitalization of $18.88 billion, a P/E ratio of -36.06 and a beta of 1.16. GFL Environmental has a 1 year low of $30.57 and a 1 year high of $49.35.

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

Institutional Trading of GFL Environmental

Institutional investors and hedge funds have recently bought and sold shares of the stock. Generate Investment Management Ltd bought a new position in shares of GFL Environmental in the 4th quarter worth approximately $15,041,000. Tobam purchased a new stake in GFL Environmental in the fourth quarter worth $1,846,000. Duff & Phelps Investment Management Co. raised its holdings in GFL Environmental by 14.6% in the third quarter. Duff & Phelps Investment Management Co. now owns 310,918 shares of the company’s stock worth $12,399,000 after purchasing an additional 39,558 shares in the last quarter. National Bank of Canada FI lifted its position in GFL Environmental by 16.9% during the third quarter. National Bank of Canada FI now owns 214,007 shares of the company’s stock valued at $8,536,000 after buying an additional 31,003 shares during the period. Finally, Verition Fund Management LLC lifted its position in GFL Environmental by 539.9% during the third quarter. Verition Fund Management LLC now owns 84,468 shares of the company’s stock valued at $3,369,000 after buying an additional 71,268 shares during the period. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

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.