GFL Environmental (NYSE:GFL) Price Target Raised to $57.00

GFL Environmental (NYSE:GFL) had its price target raised by stock analysts at UBS Group from $50.00 to $57.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s target price points to a potential upside of 23.95% from the company’s current price.

GFL has been the subject of several other reports. Citigroup raised their price target on shares of GFL Environmental from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Wednesday. Truist Financial boosted their target price on shares of GFL Environmental from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday. Stifel Nicolaus upgraded shares of GFL Environmental from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Royal Bank of Canada reissued an “outperform” rating and issued a $53.00 price objective on shares of GFL Environmental in a research note on Monday, February 24th. Finally, Scotiabank boosted their target price on shares of GFL Environmental from $50.00 to $52.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $51.38.

GFL Environmental Stock Performance

GFL traded down $2.15 during trading hours on Friday, hitting $45.99. The company’s stock had a trading volume of 508,783 shares, compared to its average volume of 1,946,204. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. GFL Environmental has a fifty-two week low of $30.57 and a fifty-two week high of $49.35. The company has a 50-day simple moving average of $46.10 and a 200 day simple moving average of $44.13. The firm has a market capitalization of $18.09 billion, a PE ratio of -34.58 and a beta of 1.09.

GFL Environmental (NYSE:GFL) last announced its earnings results on Monday, February 24th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.98 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. As a group, sell-side analysts expect that GFL Environmental will post 0.58 EPS for the current year.

Hedge Funds Weigh In On GFL Environmental

A number of institutional investors have recently added to or reduced their stakes in the company. Cerity Partners LLC raised its stake in GFL Environmental by 88.5% in 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. Janus Henderson Group PLC grew its position in shares of GFL Environmental by 1,426.3% during the 3rd quarter. Janus Henderson Group PLC now owns 87,000 shares of the company’s stock worth $3,467,000 after purchasing an additional 81,300 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new stake in shares of GFL Environmental in the third quarter valued at approximately $1,400,000. Quantinno Capital Management LP lifted its position in shares of GFL Environmental by 9.3% during the 3rd quarter. Quantinno Capital Management LP now owns 22,453 shares of the company’s stock worth $895,000 after buying an additional 1,904 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in GFL Environmental by 8.2% during the third quarter. Stifel Financial Corp now owns 86,644 shares of the company’s stock worth $3,455,000 after acquiring an additional 6,583 shares in the last quarter. 64.70% of the stock is currently owned by institutional investors and hedge funds.

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.