GFL Environmental (NYSE:GFL) Price Target Cut to $55.00 by Analysts at Truist Financial

GFL Environmental (NYSE:GFL) had its price objective reduced by equities researchers at Truist Financial from $60.00 to $55.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial‘s price objective indicates a potential upside of 19.12% from the company’s previous close.

GFL has been the subject of a number of other reports. JPMorgan Chase & Co. boosted their target price on shares of GFL Environmental from $41.00 to $42.00 and gave the company an “underweight” rating in a research note on Wednesday, October 21st. TD Cowen restated a “buy” rating and issued a $65.00 price target on shares of GFL Environmental in a research note on Friday, September 11th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of GFL Environmental in a report on Monday, August 31st. Weiss Ratings upgraded GFL Environmental from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 26th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of GFL Environmental in a research report on Thursday, October 15th. Eleven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $57.60.

GFL Environmental Stock Performance

GFL Environmental stock traded up $0.19 during mid-day trading on Tuesday, reaching $46.17. The company’s stock had a trading volume of 364,553 shares, compared to its average volume of 2,645,682. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.34. GFL Environmental has a twelve month low of $33.33 and a twelve month high of $46.76. The business has a 50 day moving average price of $42.81 and a 200-day moving average price of $40.85. The firm has a market cap of $16.66 billion, a price-to-earnings ratio of -58.41, a PEG ratio of 3.22 and a beta of 0.72.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. GFL Environmental had a negative net margin of 4.93% and a positive return on equity of 4.39%. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $1.49 billion. Sell-side analysts predict that GFL Environmental will post 0.55 EPS for the current fiscal year.

Institutional Investors Weigh In On GFL Environmental

Several institutional investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC bought a new position in GFL Environmental in the 3rd quarter valued at about $309,000. Covestor Ltd acquired a new position in GFL Environmental during the 3rd quarter valued at about $478,000. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new position in GFL Environmental during the 3rd quarter valued at about $210,000. Greenleaf Trust raised its position in shares of GFL Environmental by 2.2% during the 3rd quarter. Greenleaf Trust now owns 12,964 shares of the company’s stock worth $542,000 after buying an additional 274 shares in the last quarter. Finally, Vise Technologies Inc. raised its position in shares of GFL Environmental by 158.7% during the 3rd quarter. Vise Technologies Inc. now owns 19,401 shares of the company’s stock worth $812,000 after buying an additional 11,901 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 is a Canadian environmental services company that provides waste management and related infrastructure services to municipal, residential, commercial, industrial and institutional customers. The company’s operations include the collection, transfer, processing, recycling and disposal of non-hazardous solid waste, as well as organics and other resource-recovery services.

GFL also provides infrastructure and soil remediation services, including the management of contaminated materials and related environmental projects.